Financial Review
Income
The Group's income comprised mainly rental income from souvenir kiosks and food & beverage outlets in Singapore Botanic Gardens and Fort Canning Park. The income for the year was $31.2 million. The increase from last year's income was mainly due to new income sources arising from taking over of non food functions from the former Agri-food and Veterinary Authority.
Income for FY 2019 & FY 2018
Rental income |
9,194 |
9,032 |
162 |
2 |
Admission charges |
1,894 |
3,123 |
(1,229) |
(39) |
Plan fees |
2,432 |
2,626 |
(194) |
(7) |
Course fees |
1,027 |
1,456 |
(429) |
(29) |
Agency fees |
992 |
748 |
244 |
33 |
Interest income |
4,913 |
3,916 |
997 |
25 |
Carpark income |
1,052 |
1,003 |
49 |
5 |
Certificate and permit fees |
2,032 |
- |
2,032 |
100 |
Laboratory and inspection fees |
1,314 |
- |
1,314 |
100 |
Licence fees |
2,418 |
- |
2,418 |
100 |
Quarantine fees & services |
1,273 |
- |
1,273 |
100 |
Miscellaneous income |
2,696 |
- |
158 |
6 |
Operating Expenditure
The Group's operating expenditure for the year was $357.8 million. The 16% increase from last year's expenditure was mainly due to the expenditures relating to the animal and plant related functions taken over from the former Agri-food and Veterinary Authority with effect from 1 April 2019.
Operating Expenditure for FY 2019 & FY 2018
Staff costs |
126,477 |
104,446 |
22,031 |
21 |
Maintenance of parks |
146,781 |
141,820 |
4,961 |
3 |
Animal and veterinary related expenses |
10,379 |
- |
10,379 |
100 |
General and administrative expenses |
57,576 |
49,158 |
8,418 |
17 |
Depreciation of property, plant and equipment and right-of-use assets |
16,544 |
12,018 |
4,526 |
38 |
Capital Expenditure
The Group's capital expenditure for the year was $43.6 million. The increase in capital expenditure was mainly due to the improvement works carried out in Singapore Botanic Gardens and Fort Canning Park.
Capital Expenditure for FY 2019 & FY 2018
Land and other improvements |
940 |
851 |
89 |
10 |
Equipment |
1,980 |
2,620 |
(640) |
(24) |
Motor vehicles |
113 |
- |
113 |
100 |
Development work-in-progress |
40,555 |
25,310 |
15,245 |
60 |
Financial Position
As at 31 March 2020, the Group's total assets stood at $571.2 milion, an increase of 39% over last year. Non-current assets and current assets represent 38% and 62% of total assets respectively. Non-current assets consisted mainly of leasehold land and buildings and structures at Singapore Botanic Gardens and Fort Canning Park as well as the assets taken over from the former Agri-food and Veterinary Authority. Capital and reserve stood at $271.7 million, while non-current liabilities and current liabilities stood at $178.4 million and $121.1 million respectively.
Total Assets
Non-current assets |
216,107 |
138,199 |
77,908 |
56 |
Current assets |
355,141 |
273,849 |
81,292 |
30 |
Total Liabilities & Equity
Capital & reserves |
271,717 |
211,226 |
60,491 |
29 |
Non-current liabilities |
178,441 |
125,688 |
52,753 |
42 |
Current liabilities |
121,090 |
75,134 |
45,956 |
61 |