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Source:
www.gov.sg |
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Key Indicators on Singapore's Corporate Sector,
1999-2003 |
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Size and Composition of the Corporate
Sector |
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In 2003, both shareholders¡¯ equity and total
assets continued to register positive growth. Compared with 2002,
shareholders¡¯ equity rose by 5.5 per cent to reach $653 billion as at
end 2003. |
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Over the past decade, total shareholders¡¯
equity more than tripled from $214 billion as at end 1993 to $653
billion as at end 2003. This represented an average growth of 11.8 per
cent per annum. (Chart 1) |
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Total assets owned by companies increased by
3.6 per cent from 2002 to reach $2,575 billion as at end 2003. Between
1993 and 2003, total assets more than doubled from $1,176 billion as at
end 1993 to $2,575 billion as at end 2003. |
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Shareholders' Equity |
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Of the total shareholders¡¯ equity as at end
of 2003, almost half (46.8 per cent or $305 billion) were held in
financial services sector (which includes investment holding companies). |
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The second largest sector was manufacturing
with 16.9 per cent of total capital, followed by real estate & business
services with 12.3 per cent. Transport & communications (10.9 per cent)
and commerce (9.4 per cent) were other major sectors in the corporate
sector. (Chart 2) |
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As at end of 2003, about 59.5 per cent or
$389 billion of total shareholders¡¯ equity was contributed by
local-controlled enterprises while the remaining 40.5 per cent or $264
billion was accrued to foreign-controlled companies. (Table 1) |
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Slightly more than half of shareholders¡¯
equity (52.8 per cent) of local-controlled companies was concentrated in
financial services. The other major sectors with significant equity
capital among local-controlled companies were real estate & business
services (16.0 per cent) and transport & communications (14.3 per cent). |
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Similarly, financial services sector
accounted for the bulk of shareholders¡¯ equity (37.9 per cent) among
foreign-controlled companies, though the proportion of equity was lower
compared to their local-controlled counterparts (52.8 per cent). This
arose mainly because branches of foreign financial institutions in
Singapore are not required to have paid-up capital. |
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Besides financial services, manufacturing
(78.6 per cent) and commerce (62.3 per cent) were the other sectors with
significant portion of equity capital among foreign-controlled
establishments. |
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Although foreign-controlled companies
accounted for less than half of total shareholders¡¯ equity in the
overall corporate sector, they were dominant in two sectors. More than
three-quarters (78.6 per cent) of shareholders¡¯ equity in manufacturing
and about two-thirds (62.3 per cent) in commerce were accrued to
foreign-controlled enterprises. |
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More..... |
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Main Table |
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Source:
www.gov.sg Media Release 20 Oct 2005 |
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FrontPage Edition: Fri 21 Oct 2005
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