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
Turnover	7,899	8,098
Prizes Paid	(5,470)	(5,571)
Betting Tax Paid To Government	(1,837)	(1,877)
Commission Paid	(46)	(48)
	546	602
Totalisator
Turnover	997	1,058
Dividends Paid	(838)	(899)
Betting Tax Paid To Government	(58)	(62)
	153	162
Other Income
Finance (costs)/Income (net)	(70)	33
Casino Entry Levy	117	125
Other Operating and Non-Operating Income	51	46
	98	204
Total Income	797	968
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 Assets	638	569
Financial Assets At Fair Value Through Proﬁt or Loss	3,370	3,418
Other Current Assets	1,291	1,406
Total Assets	5,299	5,393
Capitals, Reserves and Liabilities
Capital and Reserves	4,756	4,857
Non-Current Liabilities	236	188
Current Liabilities	307	348
Total Capital, Reserve and Liabilities	5,299	5,393