(VEN) – Temasek delivered a record net portfolio value of S$215 billion, with a net cash position; up S$17 billion from S$198 billion the previous year, at the financial year end of 31 March 2013,
During the year, Temasek invested a total of S$20 billion and divested S$13 billion.
A key performance measure for Temasek is Total Shareholder Return (TSR), which excludes capital injections from, andincludes dividends to, Temasek’s shareholder. This measures the compounded annual returns to our shareholder, the Government of Singapore.
Despite theturmoil over the last decade, the Temasek portfolio value more than tripled in Singapore dollar terms from a trough of S$61billion in March2003, when the SARS epidemic hit Asia.
“While we have increased our exposure in North America and Europe, Asia continued to attract the largest proportion of our investments. We remain anchored in Asia and are optimistic about its long term growth,” said Mr. S Dhanabalan, Chairman of Temasek