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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.
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.