My first Publication ocbc_ar17_fullreport_english | Page 56

SUSTAINABILITY REPORT
ECONOMIC CONTRIBUTIONS
CORPORATE CITIZENSHIP
GROUP TOTAL INCOME (S$)
$
8.49 B
9.64 B
GROUP STAFF
COMPENSATION (S$)
(2016)
$
$$
(2017)
GROUP
INCOME TAX (S$) GROUP
DIVIDENDS (S$) RETAINED
EARNINGS (S$)
629 M
803 M 1.51 B
1.55 B 20.26 B
23.02 B
(2016)
(2017)
$
(2016)
(2017)
2.35 B
2.47 B
(2016)
(2017)
TO
(2016)
(2017)
$
GROUP NUMBER
OF EMPLOYEES
29,792
29,174
(2016)
(2017)
Note: To be consistent with our financial statements, we have included Great Eastern Group's performance in this table.
Our economic contributions arise from compensation to our employees, taxes to the authorities, retained earnings and dividends to
our shareholders and payments to our suppliers. Where possible, we procure from local suppliers as part of our commitment towards
supporting the long-term development of local enterprises. Local suppliers are sourced from our core markets of operations – Singapore,
Malaysia, Indonesia, China and Hong Kong.
OCBC engages external service providers in IT, advertising and event management, outsourcing, HR recruitment, legal, real estate/
facilities maintenance and other services.
$
LOCAL SPENDING
TOTAL SUPPLY
CHAIN SPENDING (S$)
1.25 B
1.18 B
(2016)
(2017)
TOTAL VENDORS
(2016)
(2017)
Note: The Total Supply Chain Spending includes
spending in Singapore, Malaysia, China,
Hong Kong and our other network markets
54
88 %
92 %
OCBC ANNUAL REPORT 2017
LOCAL VENDORS
90 %
90 %
(2016)
(2017)
9,873
9,380
(2016)
(2017)