Oversea-Chinese Banking Corporation Limited announced audited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the fourth quarter, the company reported net interest income of SGD 1,251 million against SGD 1,341 million a year ago. Total income was SGD 2,177 million against SGD 2,301 million a year ago. Profit attributable to equity holders of the Bank was SGD 789 million against SGD 960 million a year ago. The net profit was lower comparatively mainly as a result of the integration costs associated with the acquisition of Barclays Wealth and additional specific allowances that set aside for the oil and gas support service sector. Profit before income tax was SGD 949 million against SGD 1,172 million a year ago. Basic and diluted earnings per share were 18.4 cents against 22.6 cents a year ago. Net cash used in operating activities was SGD 1,541 million against SGD 1,375 million a year ago. Purchases of property, plant and equipment and investment property was SGD 143 million against SGD 143 million a year ago. Return on equity - SFRS basis was 8.8% against 11.5% a year ago. Return on equity - cash basis was 9.1% against 11.8% a year ago. Return on assets - SFRS basis was 0.92% against 1.13% a year ago. Return on assets - cash basis was 0.95% against 1.16% a year ago. For the full year, the company reported net interest income of SGD 5,052 million against SGD 5,189 million a year ago. Total income was SGD 8,489 million against SGD 8,722 million a year ago. Profit attributable to equity holders of the Bank was SGD 3,473 million against SGD 3,903 million a year ago. Net interest income was 3% lower year-on-year, mainly from lower average asset volumes. Profit before income tax was SGD 4,275 million against SGD 4,825 million a year ago. Diluted earnings per share were 82.2 cents against 95.2 cents a year ago. Net cash used in operating activities was SGD 2,702 million against net cash from operating activities of SGD 3,221 million a year ago. Purchases of property, plant and equipment and investment property was SGD 422 million against SGD 341 million a year ago. Return on equity - SFRS basis was 10.0% against 12.3% a year ago. Return on equity - cash basis was 10.3% against 12.6% a year ago. Return on assets - SFRS basis was 1.03% against 1.14% a year ago. Return on assets - cash basis was 1.06% against 1.17% a year ago. Net asset value per share after valuation surplus was SGD 10.03 as on December 31, 2016 against SGD 9.59 as on December 31, 2015.