FY 2011 Annual Report - Sheng Siong

68 Sheng Siong Annual Report 2011
Notes to the Financial Statements
20 Share option scheme (Continued)
• The Remuneration Committee may grant options on a yearly basis and any such grants shall be made
at least 60 days after the end of the financial year of the Company.
• The period for the exercise (the “Exercise Period”) of an option granted under the Scheme shall be:
a) in the case of an option granted at Market Price (the “Market Price Option”), a period commencing
after the first anniversary of the relevant date of the grant and expiring on the fifth anniversary
of such grant date, or such other period which may from time to time be prescribed under any
relevant law, regulation or rule of the SGX-ST); and
b) in the case of an option granted at a discount of up to 20% of the Market Price (the “Incentive
Option”), a period commencing after the second anniversary of the relevant date of the grant
and expiring on the fifth anniversary of such grant date, or such other period which may from
time to time be prescribed under any relevant law, regulation or rule of the SGX-ST for such
Incentive Options.
During the current financial year, no share options were granted.
21 Earnings per share
2011 2010
$’000 $’000
Basic earnings per share is based on:
Net profit from continuing operations attributable to
ordinary shareholders 27,256 42,635
No. of shares No. of shares
’000 ’000
Weighted average number of shares during the year 1,231,326 1,140,000
For purposes of preparing the financial statements for the year ended 31 December 2010, the weighted average
number of shares as at 31 December 2010 includes the shares issued to effect the acquisition of interests in
common control entities pursuant to the Restructuring Exercise, on the basis that the restructuring had occurred
as of the beginning of the earliest period presented.
There were no potential dilutive ordinary shares in existence for the financial years ended 31 December 2010
and 2011.
22 Segment reporting
The Group operates in one segment which relates to the provision of supermarket supplies and supermarket
operations. The Group’s operations are located in Singapore. The Malaysian subsidiary was inactive for the
financial years ended 31 December 2010 and 2011.