Our Credit Profile provides a snapshot of our credit quality and the strength of Temasek’s financial position.

(for year ended 31 March)

Dividend Income over Interest Expense (×)

Dividend Income

Recurring Income over Interest Expense (×)

Dividend Income

Net Portfolio Value over Total Debt (×)

Dividend Income

Liquid Assets over Total Debt (×)

Dividend Income

Recurring Income over Total Debt due in One Year (×)

Dividend Income

Liquidity Balance over Total Debt due in next 10 Years (×)

Dividend Income

Key Credit Parameters (in S$ billion)

For year ended 31 March 2012 2013 2014 2015 2016
Divestments 15 13 10 19 28
Dividend income 8.1 6.4 7.9 7.9 7.8
Income from investments 0.1 0.1 0.1 0.1 0.2
Interest income 0.2 0.1 0.1 0.1 0.2
Interest expense 0.5 0.5 0.5 0.5 0.4
Net portfolio value 198 215 223 266 242
Liquid assets 71.8 76.5 80.3 90.6 74.3
Liquidity balance 33.7 33.3 29.9 26.7 27.1
Total debt 13.5 14.6 14.2 13.8 12.9

Temasek Bonds – Maturity Profile and Coupon

Financial Discipline

Financial Discipline

At Temasek, we are governed by a set of stringent financial policies.

The Discipline of Temasek

The Discipline of Temasek

Temasek's dividend income was sufficient to cover the interest expenses 18 times over for the year ended 31 March 2016.

Ins & Outs at Temasek

Ins & Outs at Temasek

A quick visual guide to Temasek's sources of funds and how they may benefit you, businesses or the community at large.