FINANCIAL HIGHLIGHTS

The Financial Highlights as set out in pages 77 to 80 contain the extracts from the audited consolidated financial statements of the Tote Board Group (comprising Tote Board, Singapore Pools and Singapore Turf Club) for the financial year ended 31 March 2020.

You may wish to read the full set of the Group’s audited financial statements here.

Review of Financial Performance

SINGAPORE TOTALISATOR BOARD (GROUP)
Income and Expenditure
Year ended
31 March 2020 ($M)
Year ended
31 March 2019 ($M)
Income From Betting And Gaming Activities  
Lotteries and Sports Betting  
Turnover7,8998,098
Prizes Paid(5,470)(5,571)
Betting Tax Paid To Government(1,837)(1,877)
Commission Paid(46)(48)
 546602
Totalisator  
Turnover9971,058
Dividends Paid(838)(899)
Betting Tax Paid To Government(58)(62)
 153162
Other Income  
Finance (costs)/Income (net)(70)33
Casino Entry Levy117125
Other Operating and Non-Operating Income5146
 98204
Total Income797968
Total Expenditure(400)(405)
Grants Disbursements/ Donations  
Arts & Culture(69)(30)
Charity (Social Service)(211)(259)
Community Development(50)(37)
Education(35)(12)
Health(20)(34)
Sports(108)(116)
 (493)(488)
(Deficit)/Surplus Before Tax and
Contribution To Consolidated Fund
(96)75
Tax and Contribution To Consolidated Fund(5)(14)
(Deficit)/ Surplus After Tax and
Contribution To Consolidated Fund
(101)61

The Group recorded a deficit after tax and contribution to Consolidated Fund of $104 million in FY2019/20 as compared to a surplus after tax and contribution to Consolidated Fund of $61 million in FY2018/19. The negative variance was due largely to net finance costs from changes in carrying values of financial assets at fair value and lower income from Lotteries and Sports Betting.

Review of Financial Performance

SINGAPORE TOTALISATOR BOARD (GROUP)
Statements of Financial Position
As at
31 March 2020 ($M)
As at
31 March 2019 ($M)
ASSETS  
Non-Current Assets638569
Financial Assets At Fair Value Through Profit or Loss3,3703,418
Other Current Assets1,2911,406
Total Assets5,2995,393
Capitals, Reserves and Liabilities  
Capital and Reserves4,7564,857
Non-Current Liabilities236188
Current Liabilities307348
Total Capital, Reserve and Liabilities5,2995,393
SINGAPORE TOTALISATOR BOARD (GROUP)
Outstanding Grants/ Donations Commitments
As at
31 March 2020 ($M)
As at
31 March 2019 ($M)
Arts & Culture252233
Social Service1,1871,165
Community Development589413
Education155201
Health225170
Sports376487
Total2,7842,669
Lotteries and Sports Betting Turnover
Totalisator Turnover
Investment Income/ (Loss)
Casino Entry Levy
Annual Contribution to Government
(Betting Duties, Income Tax and Contribution to Consolidated Fund)
Annual Net Surplus/ (Deficit)
Grants Disbursements/ Donations