NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
13 EARNINGS PER SHARE (CENTS)
(a)
Continuing operations
The calculation of basic and diluted earnings per share from continuing operations is based on profit after tax from
continuing operations attributable to owners of the Company divided by the weighted average number of ordinary
shares in issue during the financial year.
Group
2014
2013
(restated)
$’000
$’000
Profit for the year attributable to owners of the Company
18,586
119,495
Add back: Loss after tax from discontinued operations, attributable to owners of
the Company
1,962
21,523
Profit after tax from continuing operations attributable to owners of the
Company used in the computation of basic and diluted earnings per share
20,548
141,018
Number
of shares
Number
of shares
Weighted average number of ordinary shares for basic and diluted earnings per
share computation *
408,095,772
392,445,774
* In 2013, the weighted average number of shares had taken into account the weighted average effect of the
allotment and issuance of:
i)
68,500,772 shares (the “Share Swap”) as consideration for the stock units of WBL Corporation Limited
acquired by the Group from Aberdeen Asset Management Asia Limited, in its capacity as fund manager
and agent for its clients, and certain funds and portfolios managed by Third Avenue Management
LLC. The Share Swap was completed on 18 January 2013.
ii)
13,698,000 shares as part of the consideration for the shares of ARA Asset Management Limited
acquired by the Group from JL Investment Group Limited. The Company’s shares were issued and
allotted on 29 November 2013.
Consequently, total number of issued shares of the Company increased to 408,095,772 as at 31 December 2013.
(b)
Earnings per share
The calculations of basic and diluted earnings per share are based on the profit attributable to owners of the
Company of $18,586,000 (2013: $119,495,000) and on 408,095,772 (2013: 392,445,774) weighted average number
of ordinary shares in issue during the financial year.
There are no potential dilutive shares of the Company.
90
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
