singapore’s national water agency as at 31 march 2017. · a waterless carwash product on a car to...

PUB, Singapore’s National Water AgencyAnnual Report for the year ended 31 March 2017

In the opinion of the directors, the annual report of the PUB, Singapore’s National Water Agency are drawn up

so as to present fairly the state of affairs of the PUB, Singapore’s National Water Agency as at 31 March 2017.

On behalf of the Board of Directors,

Ng Joo HeeChief Executive OfficerDate: 22 August 2017

Chiang Chie FooChairman

Date: 25 August 2017

03 Mission & Vision

04 Organisation Structure

05 Board Members

07 Key Accomplishments & Highlights

15 Outlook for the Next Fiscal Year

CONTENTS

PUB ANNUAL REPORT 2016/2017

01

VISIONWater for All: Conserve, Value, Enjoy

MISSIONTo ensure an efficient, adequate & sustainable supply of water.

ORGANISATION STRUCTURE BOARD MEMBERS

Chiang Chie FooChairman, PUB

CHAIRMAN

s/n Name of Subsidiary Company % Shareholdings in Company

1 PUB Consultants Private Limited 100%

2Singapore International Water Week Pte Ltd

100% owned by PUB Consultants Private Limited

MAJOR SHAREHOLDER OF SUBSIDIARY COMPANIES

BOARD

Chiang Chie FooChairman

Ng Joo HeeChief Executive

Tan Yok GinDeputy Chief Executive

(Operations)

Richard HooDeputy Chief Executive(Policy & Development)

Chan Yoon KumSenior Advisor

Harry SeahChief Engineering &Technology Officer

Internal Audit reports to the Board’s Audit Committee

The key management personnel are listed in the organisation structure above.

Ng Joo HeeChief Executive, PUB

Janet AngVice President,

Systems of Engagement & Smarter Cities, IBM Asia Pacific

Quek Tong BoonChief Executive,

National Robotics Programme

Rachel EngDeputy Chairman,

WongPartnership LLP

Tan Wah YeowBoard Director,

KPMG Singapore

Chan Beng SengGroup Director

(Financial Resource Management, Healthcare

Finance-Subvention, Sector Development & Commissioning),

MOH

Prof Chan Eng SoonProvost Chair Professor,

Faculty of Engineering, NUS

Abu Bakar bin Mohd Nor

Managing Director, Keppel Singmarine Pte Ltd

S ThiagarajanDirector (Strategy),

Freelancers and Self-Employed Unit,

NTUC

Tan Siong LengDeputy Chief Executive,

URA (retired)

MEMBERS

CATCHMENT & WATERWAYS

Ridzuan B IsmailDirector

WATER RECLAMATION (NETWORK)

Maurice NeoDirector

WATER SUPPLY (NETWORK)

Michael TohDirector

WATER RECLAMATION (PLANTS)

Ooi Kian EngDirector

MEICA

Yahya Abd GhaniDirector

IT & PROCESS REENGINEERING

Tan Thai PinSenior Director

INFORMATION SYSTEMS

Peng Kah PohDirector

WATER SUPPLY (PLANTS)

Bernard KohDirector

POLICY & PLANNING

William YeoDirector

SUSTAINABILITY OFFICE

Tan Nguan SenChief Sustainability Officer

INDUSTRY DEVELOPMENT

Pang Chee MengDirector

3P NETWORK

George MadhavanDirector

FINANCE

Chew Siow NeeChief Financial Officer

HUMAN RESOURCES

Lawrence TanDirector

CORPORATE DEVELOPMENT

Yeo Keng SoonDirector / Board Secretary

INTERNAL AUDIT OFFICE

Lawrence FongHead

ENGINEERING DEVELOPMENT & PROCUREMENT

Young Joo ChyeDirector

TECHNOLOGY

Harry SeahDirector

DTSS 2

Yong Wei HinDirector

SINGAPORE WATER ACADEMY

Angela KohDirector

04

PUB ANNUAL REPORT 2016/2017 PUB ANNUAL REPORT 2016/2017

05

KEY ACCOMPLISHMENTS & HIGHLIGHTS

In FY2016, PUB continued to strengthen its water supply inventory. The Kranji NEWater Factory’s capacity was increased by 5 million gallons a day (mgd) to 22 mgd in April 2016. In January 2017, Singapore’s fifth NEWater plant – the BEWG-UESH NEWater Plant – was officially opened. With this 50 mgd plant in operation, NEWater can now meet up to 40% of Singapore’s total daily water demand.

Construction of the third desalination plant in Tuas is expected to complete in end 2017, while construction of the fourth plant in Marina East commenced in June 2017.

PUB has ensured a diversified and sustainable supply of

water for Singapore through the Four National Taps.

MANAGINGWATER DEMANDWater is a precious resource and we call on everyone to use it wisely, so as to ensure the sustainability of our water resources. Laundry accounts for 19% ofa typical household’s water usage.

From April 2017, PUB introduced a 4-tick rating for washing machines under the Mandatory Water Efficiency Labelling Scheme (MWELS) to encourage the use of more water-efficient appliances. At the same time, PUB phased out 0-tick taps and mixers so that only those with 1-tick rating or higher can be sold and supplied.

ACTIVE, BEAUTIFUL, CLEAN WATERS (ABC WATERS) PROGRAMME2016 marked the 10th Anniversary of the ABC Waters Programme. As of March 2017, 36 projects have been completed. The four new ABC Waters sites opened to the public in FY16 include Sungei Whampoa (Kim Keat Road to Central Expressway), Kallang River (Upper Boon Keng Road to Sims Avenue), Pang Sua Pond and Siglap Canal (East Coast Parkway to the sea), creating new community focal points and enlivening the environment for residents.

Actual water consumption may vary from test resultsCompare all models at www.pub.gov.sg

Water Consumption:Wash Programme:Type of Product:Brand:Model:Registration No.:

Iconic mast-like design adopted by roof deck at ABC Waters@Kallang River (Upper Boon Keng Road to Sims Avenue)

The BEWG-UESH NEWater Plant was officially opened on 18 January 2017

WATER SUPPLY

Membranes at the BEWG-UESH NEWater Plant

08 09





PUB’s ABC Waters’ flagship project, Kallang River@Bishan – Ang Mo Kio Park was awarded the American Society of Landscape Architects (ASLA) Honour Award 2016. PUB will continue to implement more ABC Waters projects to bring Singaporeans closer to water and foster stewardship of our waterways.

KALLANG RIVER@BISHAN – ANG MO KIO PARK

The Singapore International Water Week (SIWW) is the global platform to share and co-create innovative water solutions. The biennial event gathers stakeholders from the global water industry to share best practices, showcase the latest technologies and tap business opportunities. SIWW is part of the strategic programme of the Singapore Government to grow the water industry and develop water technologies.

Held from 10 to 14 July 2016, the global water conference also concluded on a record-breaking note, announcing $18.7 billion in total value on projects awarded,

World Water Day on 22 March is a United Nations designated occasion to celebrate and raise awareness on the importance of water sustainability. For Singapore, building up water security and developing community stewardship of water resources has been integral to its growth. The theme for SWWD 2017 was “Make Every Drop Count”. More than 4,000 participants attended the Singapore World Water Day Opening Ceremony on 4 March 2017 to kick-off the month-long celebration.

Throughout the month of March, more than 400 community partners organised activities, and 300,000 participants took part in over 450 water-centric activities around the island.

In addition to catering to PUB’s own needs, it is fully empowered to serve the larger water services sector in Singapore.

PUB also launched the Singapore Water Academy (SgWA) in July 2016. The SgWA plans, designs, delivers, places and coordinates all training and development in PUB.

In addition to catering for PUB’s own needs, it is fully empowered to serve the larger water services sector in Singapore.

tenders, investments and MOUs. Held in conjunction with the World Cities Summit (WCS) and CleanEnviro Summit Singapore (CESS), the three co-located conferences attracted more than 21,000 participants from 125 countries and regions.

SINGAPORE INTERNATIONALWATER WEEK (SIWW)

SINGAPORE WORLD WATER DAY (SWWD)

SINGAPORE WATER ACADEMY

Guest of Honour, President Tony Tan Keng Yam at the start of the World Cities Summit, Singapore International Water Week and CleanEnviro Summit Singapore

Water Convention 2016

Anderson Primary School student demonstrating a waterless carwash product on a car to Guest of Honour, Deputy Prime Minister Teo Chee Hean

The Singapore Water Academy was launched at the Singapore International Water Week 2016

12 13





OUTLOOK FOR THE NEXT FISCAL YEAR

In February 2017, the Government announced that water prices would be increased in two steps, on 1 July 2017 and on 1 July 2018. Heavy investments in water infrastructure, coupled with rising operational costs, have made the increase in water prices necessary. To help households manage higher water prices, the Government would provide eligible HDB households with additional U-Save rebates, ranging from $40 to $120 per annum, depending on HDB flat type.

Over the years, Singapore’s Four National Taps strategy

has created a robust, diversified and sustainable water

supply. NEWater and desalinated water, two of the

taps introduced in 2003 and 2005 respectively, are

independent of rainfall and will boost our resilience

against dry weather.

WATER PRICE REVISION

The water price goes towards meeting the cost of water treatment, reservoir operations, NEWater production, desalination, used water collection and treatment, and the maintenance and expansion of the island-wide network of water pipelines. As part of the Water Price Revision 2017, the Sanitary Appliance Fee (SAF) and the Waterborne Fee (WBF) were restructured into a single volume-

based fee to better reflect the volume of used water discharged. A second tier WBF was also introduced for households with monthly consumption above 40 m3 to further discourage excessive use of water. At the same time, a Water Conservation Tax of 10% was imposed on the total NEWater consumption to encourage water conservation.

The two desalination plants in operation with a combined capacity of 100 mgd can now meet up to about 25% of Singapore’s water needs. By 2020, three additional 30 mgd desalination plants will be constructed at Tuas, Marina East and Jurong Island to boost drought resilience. Desalination will meet up to 30% of Singapore’s future water needs by 2060.

The construction of the fourth desalination plant, located in Marina East, commenced in June 2017. When completed in 2020, it will be the first large-scale dual mode desalination plant that can treat both freshwater and seawater. Depending on wet or dry weather conditions, water is channelled either from the Marina Reservoir or the sea to the plant for treatment.

The Keppel Marina East Desalination Plant broke ground on 29 June 2017

WATER SUPPLY

16 17

PUB ANNUAL REPORT 2016/2017PUB ANNUAL REPORT 2016/2017

OUTLOOK FOR THE NEXT FISCAL YEAR OUTLOOK FOR THE NEXT FISCAL YEAR

Designed by Keppel Infrastructure Holdings, which will also build, own and operate the plant, the facility can produce around 30 mgd of fresh drinking water.

The Keppel Marina East Desalination Plant is also the first to feature green spaces that can be used for public recreation. The plant’s water treatment equipment will be located underground, and will be topped off with a green rooftop that is equivalent to almost 3 football fields in size. Built on a three-hectare plot of land, the plant will also be integrated with the Eastern Coastal Park Connector Network that bridges East Coast Park and Gardens by the Bay East.

Singapore’s current desalination plants employ reverse osmosis technology, which uses about 3.5 kWh/m3 of energy. In 2009, PUB and United States-based Evoqua Water Technologies successfully piloted the Electro-deionisation

Artist impressions of the Keppel Marina East Desalination Plant © Keppel Infrastructure

(EDI) technology which demonstrated a reduction of energy consumption to 1.65 kWh/m3 at a 50 m3/day pilot plant. This method utilises an electric field to pull dissolved salts, which have a positive or negative charge, from water, to produce fresh water. Evoqua is currently demonstrating this EDI technology at PUB’s Tuas R&D facility with a demonstration plant of 90 m3/day seawater feed capacity. This plant will be progressively scaled up to 3,800 m3/day feed capacity in 2018.

PUB plans ahead of time to ensure that water supply infrastructure keeps up with rising water demand and increasing urbanisation, and this includes laying of new pipelines to meet development needs. To meet future water demand in the city area, PUB has commenced the

construction of a new trunk pipeline from the Murnane Service Reservoir in central Singapore to the city. About half of the 22 km pipeline will be laid beneath the southern half of the Rail Corridor. After that stretch is completed, the ground’s surface will be maintained as a contiguous green space for all to enjoy.

Currently, PUB has deployed a total of 321 wireless sensors across the potable water supply network. These sensors measure real-time water quality, network pressure and flow. With real-time monitoring information from the sensors, PUB is better equipped to detect pipe leaks and water quality incidents early, respond faster, and minimise impact to customers.Over the next three years, the sensor deployment will be expanded to cover the NEWater pipeline network.

MURNANE PIPELINE PROJECT

18 19



USED WATERPUB will expand our used water infrastructure to cope with projected increase in used water flows. We have increased treatment capacity of Changi Water Reclamation Plant (WRP) from the initial 176 mgd to 202 mgd currently and this will be further increased to 224 mgd by 2020.

Phase 2 of Deep Tunnel Sewerage System (DTSS), which includes deep tunnels enhanced with advanced sensing and maintenance features, associated link sewers, Tuas Water Reclamation Plant and integrated NEWater factory, is now in its implementation phase. With a total treatment capacity of 800,000 m3 per day, Tuas WRP will also be the largest membrane bioreactor facility in the world. When ready in 2025, the new Tuas WRP will take over Jurong and Ulu Pandan WRPs in treating used water from the western part of Singapore. In addition, the Tuas WRP will be co-located with the National Environment Agency’s Integrated Waste Management Facility (IWMF), which marks Singapore’s first initiative to integrate used water and solid waste treatment processes.

To validate the efficacy of the new process innovations planned for the upcoming TWRP, PUB has built a 2.75 mgd demonstration-scale Integrated Validation Plant at Ulu Pandan WRP in 2017.

LICENSED PLUMBER (LP) SCHEMEWith effect from 1 April 2018, sanitary plumbers will need to be licensed under PUB’s revised licensing scheme. The new Licensed Plumber (LP) scheme aims to upgrade the industry’s standards by streamlining the operations of water service and sanitary plumbing – through training, licensing of qualified plumbers, and enforcement against non-compliance with PUB’s rules and regulations. Under this new scheme, both water service and sanitary plumbers will operate under a common license. Licensed plumbers will need to be competent in carrying out both types of plumbing work.

Harnessing synergies with the co-location of the Tuas WRP and NEA’s Integrated Waste Management Facility

20 21



STORMWATERWith climate change, more frequent and intense storms are expected which makes flood management more challenging.

PUB adopts a holistic stormwater management approach to enhance flood protection for Singapore. This includes expanding our drains and canals to cope with more intense storms. Since 2014, drainage improvement works in some 209 locations have been completed. There are ongoing works in another 73 locations.

Some of the major projects include the construction of the Stamford Detention Tank and the Stamford Diversion Canal to enhance flood protection for the Stamford Canal Catchment, as well as improvement works of the Bukit Timah First Diversion Canal to increase flood protection for the upper Bukit Timah Catchment.

1

2

1. Minister for the Environment and Water Resources, Mr Masagos Zulkifli, visiting the Stamford Diversion Canal construction site

2. Tunnelling works for the Stamford Diversion Canal

22 23



ACTIVE, BEAUTIFUL, CLEAN WATERS (ABC WATERS) PROGRAMMEBesides being a precious resource, water also adds to the beauty and identity of a city. More than 100 locations across Singapore have been identified as potential ABC Waters sites to be implemented by 2030.

Two upcoming projects that will be completed and opened to the public in FY17 include ABC Waters@Bukit Timah First Diversion Canal (Holland Plain) and ABC Waters@Boon Tiong.

More than 15 projects are planned to be completed over the next five years.

1

2

3

4

5

1. Jogging along an upgraded promenade at ABC Waters@Kallang River (Upper Boon Keng Road to Sims Avenue)

2. A boardwalk that brings residents closer to water at ABC Waters@Sungei Whampoa (Kim Keat Road to Central Expressway)

3. A landscaped lookout deck offers a panoramic waterfront view at ABC Waters@Siglap Canal (East Coast Parkway to the sea)

4. Official opening of ABC Waters@Pang Sua Pond by Prime Minister Lee Hsien Loong

5. Spectacular views of the pond from a lookout deck at ABC Waters@Pang Sua Pond

24 25



MANAGING WATER DEMANDPUB has rolled out a project to help eligible families living in older HDB flats replace their non-water efficient 9-litre water closets with more water-efficient ones free of charge. Some 9,000 families who are currently on community assistance schemes, and living in HDB flats built between 1986 and 1992, are expected to benefit from this community project. Households can save up to 5 litres of water per flush with the replacement of the water closet, and hence lower their water bills by as much as 10%.

To further boost water conservation efforts in the domestic sector and in line with the vision for a Smart Nation where people

SINGAPORE INTERNATIONAL WATER WEEK (SIWW) SPOTLIGHT 2017

are empowered by technology to improve living, PUB is looking at tapping on the use of technology and behaviour insights to help residents save more water.

For example, an NUS-PUB behavioural study was conducted from July 2015 to March 2016 on the use of smart shower devices, which provide real-time information on water consumption during showers. Findings indicated that households were able to save about 5 litres of water per capita per day, on average. Building on the findings, PUB will install the devices for some 10,000 new homes under a demonstration project over the next few years to study and validate the conservation effect of such devices during showers.

The SIWW Spotlight 2017 was held from 17 to 19 July 2017. The key highlights included the signing of two MOUs by PUB with Saudi Arabia’s Saline Water Conversion Corporation and Western Australia’s Water Corporation respectively, as well as the launch of the Kurita R&D Centre in Singapore. A document capturing the outcomes of the event will be developed to promote SIWW’s value proposition in Solutions, Technology and Business, and discussed at SIWW Water Leaders Summit 2018.

Guest of Honour, Minister for the Environment and Water Resources, Mr Masagos Zulkifli delivering the opening address

Launch of the Kurita Water R&D centre at SIWW Spotlight 2017Minister for the Environment and Water Resources, Mr Masagos Zulkifli, and PUB CE, Mr Ng Joo Hee viewing the display set of efficient and non-water efficient water closets

26 27



Address 40 SCOTTS ROAD #22-01 ENVIRONMENT BUILDING SINGAPORE 228231Website www.pub.gov.sgFacebook www.facebook.com/PUBsgE-Mail [email protected]

FINANCIAL HIGHLIGHTS

Ended 31 March 2017

Group1

OPERATING RESULTS

FY 2016 $

million

FY 2015 $

million

Operating Income 1,222.4 1,201.3

Net Non-Operating Income 73.4 56.3

Operating Expenses (1,270.2) (1,239.3)

Finance Expenses (84.8) (87.6)

Net Loss before Government Grants (59.2) (69.3)

Government Operating Grants 298.8 270.4

Net Income after Government Grants and before Contribution to GCF and Taxation

239.6 201.1

Contribution to GCF and Taxation (40.7) (34.3)

Net Income after Government Grants and after Contribution to GCF and Taxation

198.9 166.8

FINANCIAL POSITION

FY 2016 $

million

FY 2015 $

million

Property, Plant and Equipment 7,147.4 6,793.8

Cash 683.3 830.5

Other Assets 243.4 317.7

Total Assets 8,074.1 7,942.0

Capital Reserve 5,335.2 5,138.1

Retained Earnings 3.4 1.4

Water Efficiency Fund 6.0 6.0

Borrowings 1,400.0 1,650.0

Other Liabilities 1,329.5 1,146.5

Total Capital, Reserves and Liabilities 8,074.1 7,942.0

Average Total Assets ($ billion) 8.0 7.9

Return on Total Assets2 % 3.4 3.0

Gearing Ratio3 % 25.7 27.3

1 Group is a consolidated account of Public Utilities Board, its wholly owned subsidiary, PUB Consultants Private Limited (PUBC) and PUBC’s wholly owned subsidiary, Singapore International Water Week Pte. Ltd. 2 Return on Total Asset = Return before Interest and after Contribution to GCF and Tax / Average Total Assets 3 Gearing Ratio = Borrowings (include Finance Lease Payables)/Average Total Assets

PERFORMANCE OVERVIEW

The Group recorded a net income after Government grants and Contribution to GCF and

Taxation of $198.9 million this year (prior year: $166.8 million). This was 19.2% or $32.1 million

higher than previous year due to higher income and grant which more than offset the increase in operating and financing expenses. The Return on Total Assets (“ROTA”) for the year was

3.4% (prior year: 3.0%).

OPERATING INCOME AND GOVERNMENT GRANTS

Group’s operating income of $1,222.4 million from its water, NEWater and used water

operations was a 1.8% or $21.1 million increase over the prior year ($1,201.3 million). The increase was due to higher volume of water sold. Government operating grants of $298.8 million

(prior year: $270.4 million) was for the drainage, ABC Waters Programme and other

Government-funded activities.

OPERATING AND FINANCING EXPENSES

The Group’s operating expenses4 for the year was $1,270.2 million (prior year: $1,239.3

million), an increase of 2.5% or $30.9 million over last year. This was due mainly to higher maintenance and depreciation expenses.

FINANCIAL POSITION

As at 31 March 2017, the Group’s total assets stood at $8,074.1 million (prior year: $7,942.0 million). The increase of $132.1 million is largely due to an increase in property, plant and

equipment.

88.5% of the Group’s total assets or $7,147.4 million (prior year: 85.5%, $6,793.8 million) are accounted for by property, plant and equipment which comprise land, pipelines, plant,

equipment and buildings (to house the plant and equipment).

4 The Group’s operating expenses do not include depreciation expense for the drainage and used water reticulation networks belonging to the Government.

CAPITAL EXPENDITURE

During the year, the capital expenditure of the Group was a total of $1,051.7 million (prior year: $814.3 million). This comprises PUB-funded capital expenditure (47.6% or $500.9 million) and government funded expenditure (52.4% or $550.8 million) as shown in the following charts:

PUB spent $500.9 million (prior year: $319.9 million) in capital expenditure as part of our continual efforts to replace, improve and expand water and used water infrastructure to cater for future water needs of the nation. These capital expenditure is funded from internal source of funding (represented by capital reserve) and borrowings. Every year, PUB’s net income will be transferred to the Capital Reserve account to fund PUB’s property, plant and equipment.

Government-funded capital expenditure of $550.8 million (prior year: $494.4 million) were for drainage, used water reticulation network and the Active Beautiful Clean Waters Programme projects belonging to the Government.

157.6

363.7

50.6

20.9

94.7

104.5

17.0

11.8

0.0 100.0 200.0 300.0 400.0 500.0 600.0

FY 2015

FY 2016

PUB-Funded ($ million)

Water

NEWater

Used Water

Industrial Water & Others

193.7

193.3

300.7

357.5

0.0 100.0 200.0 300.0 400.0 500.0 600.0

FY 2015

FY 2016

Government-Funded ($ million)

Used Water

Drainage and ABCWaters Programme

Total:550.8

Total:494.4

Total:500.9

Total:319.9

FY2016 FY2015 FY20144 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007

12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

OPERATING RESULTS

Operating Income 1,222,432 1,201,313 1,182,495 1,143,538 1,090,013 1,037,549 1,010,737 963,530 932,944 901,890

Operating Expenses (1,270,242) (1,239,334) (1,193,636) (1,138,645) (1,064,474) (1,037,056) (998,773) (849,155) (799,196) (769,264)

Net Operating (Loss)/Income (47,810) (38,021) (11,141) 4,893 25,539 493 11,964 114,375 133,748 132,626

Net Non-Operating Income 73,459 56,345 49,842 47,686 30,252 26,000 19,768 21,152 22,380 167,139

Finance Expenses (84,844) (87,660) (95,926) (97,407) (92,261) (108,030) (103,608) (88,007) (85,391) (74,625)

(59,195) (69,336) (57,225) (44,828) (36,470) (81,537) (71,876) 47,520 70,737 225,140

Government Operating Grants 298,826 270,431 276,992 296,378 215,514 199,035 185,218 184,506 180,369 90,243

Net Income after Gonverment Grants and before GCF and Tax* 239,631 201,095 219,767 251,550 179,044 117,498 113,342 232,026 251,106 315,383

Contribution to GCF and Tax* (40,691) (34,258) (37,378) (42,530) (30,425) (20,230) (19,269) (39,334) (45,012) (56,215)

198,940 166,837 182,389 209,020 148,619 97,268 94,073 192,692 206,094 259,168

* Government Consolidated Fund and Corporate Tax

FINANCIAL POSITION

Property, Plant and Equipment 7,147,445 6,793,808 6,778,733 6,855,671 6,652,223 6,649,186 6,561,603 6,407,977 4,254,573 3,877,692

Investment in Bonds - 90,945 98,745 - - - - - - -

Financial Assets at Fair Value through Profit or Loss - - - - - - - 50,452 63,793 65,792

Other Current Assets 920,047 1,051,500 995,809 1,291,984 1,071,092 917,260 1,225,832 734,243 2,310,869 5 2,573,070 5

Other Non-Current Assets 6,572 5,743 9,012 195 196 265 376 524 669 880

Total Assets 8,074,064 7,941,996 7,882,299 8,147,850 7,723,511 7,566,711 7,787,811 7,193,196 6,629,904 6,517,434

Borrowings1 1,400,000 1,650,000 1,750,000 2,100,000 2,100,000 2,100,000 2,500,000 2,100,000 1,850,000 1,850,000

Deferred Income1 225,831 243,117 246,641 248,161 243,001 253,190 158,032 160,431 155,346 161,878

Finance Lease Payable1 658,882 512,793 535,317 556,558 399,223 415,284 430,472 323,209 277,312 285,765

Provision for Asset Restoration Obligations 12,613 13,829 14,577 27,047 26,517 26,157 - - - -

Other Current Liabilities 432,163 376,767 355,537 418,246 365,952 331,881 356,376 360,698 291,080 369,719

Total Liabilities 2,729,489 2,796,506 2,902,072 3,350,012 3,134,693 3,126,512 3,444,880 2,944,338 2,573,738 2,667,362

Share Capital 1 1 1 1 1 1 1 1 1 -

5,335,175 5,138,057 4,972,795 4,790,787 4,582,817 4,057,458 4,057,458 4,057,458 3,475,605 3,100,949

Other Funds 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000

Retained Earnings 3,399 1,432 1,431 1,050 - 376,740 279,472 185,399 574,560 743,123

Total Equities 5,344,575 5,145,490 4,980,227 4,797,838 4,588,818 4,440,199 4,342,931 4,248,858 4,056,166 3,850,072

Total Liabilities and Equities 8,074,064 7,941,996 7,882,299 8,147,850 7,723,511 7,566,711 7,787,811 7,193,196 6,629,904 6,517,434

Net (Liabilities)/Assets of Trust Funds3 (52,403) (36,939) (38,115) 634 3,220 3,792 717 3,738 - -

Notes:1 Included in Borrowings, Deferred Income and Finance Lease Payable are the current and non-current portions of the liabilities.2 Capital Reserve represents largely the accumulated yearly transfer of retained earnings to fund PUB's property, plant and equipment.3 From FY2009, assets and liabilities belonging to trust funds are excluded and presented separately from the Group’s assets and liabilities.4 With effect from FY2014, PUB took over the industrial water operations from the Government.5 Current assets included PUB’s prepayment for purchase of a water reclamation plant in FY2009.

TEN - YEAR SUMMARY OF OPERATING RESULTS AND FINANCIAL POSITION

Capital Reserve2

Net (Loss)/Income before Government Grants

GROUP

Net Income after Government Grants and after Contribution to GCF and Tax*

1

FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007

12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months

EMPLOYEES

Number of employees as at end of period/year

PUB 3,442 3,421 3,382 3,229 3,196 3,129 3,125 3,095 3,099 3,138

PUBC - - - - - - 5 29 41 45

Group 3,442 3,421 3,382 3,229 3,196 3,129 3,130 3,124 3,140 3,183

CUSTOMERS

Number of accounts as at end of period/year ('000) 1,527 1,463 1,424 1,363 1,333 1,312 1,294 1,267 1,241 1,229

PERFORMANCE INDICATORS

As at end of period/year

- Number of accounts served per PUB employee 444 428 421 422 417 419 414 409 400 392

- Net Operating Income after grant per employee (S$'000) 73 68 79 93 75 64 63 96 100 70

For period January - December

- Flood Prone Areas (hectare)1 31 32 34 36 40 48 56 66 79 98

- Number of Disruptions per month per 1,000 km of Sewers 11 11 11 12 13 14 15 17 19 20

- Per capita Household Water Consumption (litres/day)2 148 149 149 - - - - - - -

- Per capita Domestic Water Consumption (litres/day)2 - 151 150 151 152 153 154 155 156 157

- % of Unaccounted for Potable Water 5.0 5.0 5.2 5.2 4.7 5.0 5.2 4.6 4.4 4.4

-

100 100 100 100 100 100 100 100 100 -

FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY2007

$ million $ million $ million $ million $ million $ million $ million $ million $ million $ million

CAPITAL EXPENDITURE

Funded By And Belonging To PUB Group

- Water 363.7 157.6 102.0 135.5 117.7 82.2 123.1 132.5 144.5 177.8

- NEWater 20.9 50.6 65.1 81.8 120.3 142.0 246.2 314.1 261.4 82.7

- Used Water 104.5 94.7 51.0 64.2 20.2 28.1 21.0 72.9 5 99.1 23.2

- Industrial Water & Others4 11.8 17.0 4.2 0.1 7.2 14.1 21.1 4.9 5.0 0.9

PUB 500.9 319.9 222.3 281.6 265.4 266.4 411.4 524.4 510.0 284.6

PUBC - - - - - - - - - 1.4

Group 500.9 319.9 222.3 281.6 265.4 266.4 411.4 524.4 510.0 286.0

Funded By And Belonging To Government

- Used Water 193.3 193.7 140.3 142.6 161.5 169.5 241.0 132.5 129.2 256.0 - Drainage 357.5 300.7 215.2 161.7 187.3 193.4 209.8 202.4 170.5 114.2

550.8 494.4 355.5 304.3 348.8 362.9 450.8 334.9 299.7 370.2

Total 1,051.7 814.3 577.8 585.9 614.2 629.3 862.2 859.3 809.7 656.2

Notes:1 From FY2013 onwards, flood prone area (hectare) was reported based on calendar year. It was reported based on financial year previously.2

3 Water quality indicator was tracked from 2008 onwards.4 With effect from FY2014, PUB took over the industrial water operations from the Government.5 FY2009 capital expenditure excluded the purchase of a water reclamation plant during the financial year.

TEN - YEAR SUMMARY OF STATISTICAL DATA

From FY2016 onwards, the indicator was revised from “Per capita Domestic Water Consumption” to “Per capita Household Water consumption”, which refers to water consumption within household premises only (i.e. usage in purpose built dormitories and common areas excluded).

% of tests meeting WHO Guidelines for Drinking-Water Quality 2011 and

EPH (Quality of Piped Drinking Water) Regulations 20083

2

Address 40 SCOTTS ROAD #22-01 ENVIRONMENT BUILDING SINGAPORE 228231Website www.pub.gov.sgFacebook www.facebook.com/PUBsgE-Mail [email protected]

singapore’s national water agency as at 31 march 2017. · a waterless carwash product on a car to...

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