09
B
B
R
H
O
L
DINGS (S) LTD
ANNUAL REPORT 2015
Implemented over two phases,
BBR is among one of the nine
consortia which have been chosen
to participate in the deployment of
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capacity of around 100 kWp.
F
I
N
A
NCIAL POSITION
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continues to be stable, with net
assets at $132.8 million as at 31
December 2015, as compared to
$134.3 million as at 31 December
2014. Net asset value per share is at
43.12 cents.
Cash and cash equivalents and
pledged deposits decreased to
$29.2 million as at 31 December
2015 from $44.6 million as at
31
December
2014,
mainly
attributable to repayment of property
development land loan, purchase
of land and buildings, construction
costs of solar leasing infrastructure
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mixed residential and commercial
development along Yishun Avenue
4. The disbursements were partially
offset by net cash from operations,
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plant and equipment purchases and
loan repayments by an associate.
Cash received from operations was
$22.7 million, attributable to sales
proceeds from sold units at Bliss @
Kovan upon TOP and partially offset
by reductions in cash arising from
higher trade receivables.
Market
capitalisation
was
approximately $56.0 million based
on the closing share price of 18.2
Singapore cents as at 31 December
2015.
B
B
R
C
ORPORATE
H
E
A
D
QUARTERS
In September 2015, the Company
has completed the acquisition of its
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a leasehold property located at 50
Changi South Street 1, Singapore
486126. Named BBR Building, it
will be the nerve centre of all BBR
business operations and future
growth.
The management plans to enhance
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by installing solar panels on the
rooftop to tap solar energy and
reduce its reliance on electricity
generated by fossil fuels. This
marks our support for environmental
sustainability in built environments,
subject to approvals by the relevant
government authorities for the
proposed installation.
R
E
W
A
RDING
S
H
A
R
EHOLDERS
Over the years, BBR has consistently
delivered good returns to our
shareholders. This year, the Board
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cents per share. This translates to a
dividend yield of 2.2 per cent based
on the closing share price of 18.2
Singapore cents as at 31 December
2015 and a dividend payout ratio of
52.6 per cent for FY2015.
B
U
S
I
NE
SS OUTLOOK FOR
2
0
1
6
On 24 February 2016, the Ministry
of Trade and Industry announced
that the Singapore economy grew
by 1.8 per cent on a year-on-year
basis in the fourth quarter of 2015,
unchanged from the third quarter.
On a quarter-on-quarter seasonally-
adjusted annualised basis, the
economy expanded by 6.2 per cent,
extending the 2.3 per cent growth in
the previous quarter.
The construction sector grew by 4.9
per cent year-on-year, faster than the
3.0 per cent growth in the previous
quarter. Growth was supported by
public sector construction activities.
On a quarter-on-quarter seasonally-
adjusted annualised basis, growth
in the sector accelerated to 6.0
per cent, from 0.2 per cent in the
preceding quarter.
Bliss @Kovan
Compassvale Broadwalk
