Financial Performance

4.2.2 Pengaruh Environmental Performance tehadap Return on Investment Return on investment merupakan rasio yang menunjukkan kemampuan perusahaan dalam menghasilkan laba pada tingkat asset tertentu. ROI dihitung dengan membagikan laba bersih perusahaan dengan seluruh asset yang dimiliki perusahaan. Semakin tinggi rasio ini maka menunjukkan manajemen perusahaan yang baik karena perusahaan mampu memanfaatkan asset – dalam hal ini misalnya mesin produksi – dengan efektif dan efisien, sehingga perusahaan dapat menghasilkan laba yang tinggi. Dengan penerapan sistem manajemen lingkungan, dimana biaya-biaya konservasi lingkungan dapat diminimalkan, seluruh bahan mentah dapat diproses dengan sangat efisien sehingga residu (limbah) yang dibuang ke lingkungan berjumlah lebih sedikit, dan produk yang dihasilkan menjadi lebih banyak dengan kualitas yang tinggi serta ramah lingkungan yang sesuai dengan minat konsumen. Dengan marketing yang baik, perusahaan mampu mendistribusikan seluruh persediaan yang ada, sehingga perusahaan akan memperoleh peningkatan laba.

Third-quarter net profit amounted to $402 million, 40% lower than the previous quarter and 38% below a year ago. Revenues fell 13% from the previous quarter to $1.40 billion as dislocations in financial markets affected market-related income streams. General and specific allowances were also higher. The results included a $70 million charge set aside for compensation to certain customers who bought Lehman-exposed investments.

FRS 107 introduces new disclosure requirements regarding financial instruments. It requires the disclosure of qualitative and quantitative information about exposure to risks arising from financial instruments, including minimum disclosures about credit risk, liquidity risk and market risk. The disclosure requirements currently in FRS 32: Financial Instruments: Disclosure and Presentation have been relocated to FRS 107. The adoption of FRS 107 creates additional disclosure requirements for the Group’s financial statements.

DBS Group Holdings Ltd (“DBSH”) prepares its condensed consolidated DBSH Group (“Group”) interim financial statements in accordance with Singapore Financial Reporting Standard (“FRS”) No. 34 Interim Financial Reporting, as modified by the requirements of Notice to Banks No. 612 “Credit Files, Grading and Provisioning” issued by the Monetary Authority of Singapore. The accounting policies and methods of computation applied for the current financial periods are consistent with those applied for the financial year ended 31 December 2007, with the exception of the adoption of new or revised FRS and Interpretations to FRS (“INT FRS”).

Interest income rose 3% from a year ago to $1.06 billion, unchanged from the previous quarter. Although loans continued to grow during the quarter, the impact was offset by a decline in interest margins. Lower stockbroking and investment banking activities contributed to a fall in net fee income of 8% from a year ago and 3% from the previous quarter to $342 million. Trading performance improved during the quarter, rising to $111 million from $97 million a year ago and compared to a loss of $161 million in the previous quarter. The improvement in trading income was offset by lower net income from the sale of financial

Global Financial Markets’ (GFM) net interest income rose from both comparative periods due to higher contributions from money markets, while non-interest income declined due to lower trading gains. Central Treasury Unit (CTU) manages the Group’s asset and liability interest rate positions as well as investments of the Group’s excess liquidity. Central Operations encompasses a range of activities from corporate decisions and income and expenses not attributed to other business segments. Asset

Corporate and Investment Banking provides tailored and unique financial solutions to large corporate and institutional clients. The products and services offered to customers include direct lending, corporate finance and advisory banking services for mergers and acquisitions, capital raising through debt and equity markets, capital restructuring, syndicated finance, securities and fiduciary services, cash management and trade services, and private equity.

The revised INT FRS 12 has been amended to mandate the consolidation of employee benefit trusts set up for the purpose of an entity’s share-based payment arrangement(s). Arising from consolidation of these trusts, the DBSH shares held by the trusts will be accounted for as “Treasury Shares” in accordance with FRS 32 “Financial Instruments: Disclosure and Presentation”. The impact of INT FRS 12 is as follows:

DBS Group Holdings Ltd (“DBSH”) prepares its condensed consolidated DBSH Group (“Group”) interim financial statements in accordance with Singapore Financial Reporting Standard (“FRS”) No. 34 Interim Financial Reporting, as modified by the requirements of Notice to Banks No. 612 “Credit Files, Grading and Provisioning” issued by the Monetary Authority of Singapore. The accounting policies and methods of computation applied for the current financial periods are consistent with those applied for the financial year ended 31 December 2006, with the exception of the adoption of new or revised FRS and Interpretations to FRS (“INT FRS”).

A one-time gain of $54 million from the sale of an office building in Hong Kong was recorded during the quarter. If the item was included, net profit amounted to $603 million in the second quarter. The commentary that follows excludes the effects of this non-operating item. Operating trends underpinning the performance in first quarter 2006 were sustained in the second quarter. Operating income increased 20% from a year ago and 7% from the previous quarter to $1.35 billion.

DBS Group Holdings Ltd (“DBSH”) prepares its condensed consolidated DBSH Group (“Group”) interim financial statements in accordance with Singapore Financial Reporting Standard (“FRS”) No. 34 Interim Financial Reporting, as modified by the requirements of Notice to Banks No. 612 “Credit Files, Grading and Provisioning” issued by the Monetary Authority of Singapore. The accounting policies and methods of computation applied for the current financial periods are consistent with those applied for the financial year ended 31 December 2005.

DBS Group Holdings Ltd (“DBSH”) prepares its consolidated DBSH Group (“Group”) financial statements in accordance with Singapore Financial Reporting Standard (“FRS”), as modified by the requirements of Notice to Banks No. 612 “Credit Files, Grading and Provisioning” issued by the Monetary Authority of Singapore. The accounting policies and methods of computation applied for the current financial periods are consistent with those applied for the financial year ended 31 December 2005, with the exception of the adoption of revised FRS and FRS interpretation which did not result in substantial changes to the accounting policies.