notes to the financial statements - Far East Orchard Limited

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2008
9. Income taxes (continued)
(c) Movement in current income tax payable/(tax recoverable)
The Group The Company
2008 2007 2008 2007
$’000 $’000 $’000 $’000
Beginning of financial year
Income tax payable 2,289 545 - -
Tax recoverable (695) (2,079) (456) (1,492)
1,594 (1,534) (456) (1,492)
Income tax paid - net (2,944) (2,019) (2,054) (10,284)
Tax expense 3,391 4,060 1,872 8,466
Under provision in prior financial years 130 1,087 168 2,854
End of financial year 2,171 1,594 (470) (456)
Comprising:
Income tax payable 2,724 2,289 - -
Tax recoverable (553) (695) (470) (456)
10. Earnings per share
(a) Basic earnings per share
2,171 1,594 (470) (456)
Basic earnings per share is calculated by dividing the net profit attributable to equity holders of the Company by
the weighted average number of ordinary shares outstanding during the financial year.
The Group
2008 2007
Net profit after tax attributable to equity holders of the Company ($’000) 26,951 34,711
Weighted average number of ordinary shares outstanding
for basic earnings per share (’000) 350,774 350,774
Basic earnings per share (cents per share) 7.68 9.89
(b) Diluted earnings per share
The basic earnings per share are the same as the diluted earnings per share as there is no dilutive potential
ordinary share.
ORCHARD PARADE HOLDINGS LIMITED ANNUAL REPORT 2008 47