Download Full Report - Ascendas REIT

Notes to the financial statements
23. Earnings per unit and distribution per unit
The calculation of basic earnings per unit and distribution per unit for the financial year is based on:
2010 2009
$’000 $’000
Total return for the year 147,973 85,306
Income available for distribution 234,891 210,923
2010 2009
(’000) (’000)
Weighted average number of units on issue used for
the calculation of basic earnings per unit 1,798,515 1,396,163
Applicable number of units on issue used for the
calculation of distributable income per unit 1,793,060 1,389,477
Based on the conversion price of $2.45, the collateral loan is convertible into approximately 122,448,979 A-REIT
Units, representing 6.5% of the total number of A-REIT Units in issue as at 31 March 2010. The conversion option
embedded in the collateral loan could potentially dilute basic earnings per unit in the future, but has not been
included in the calculation of diluted earnings per unit because it was anti-dilutive for the financial year ended
31 March 2010. There were no dilutive instruments on issue in the previous financial year.
24. Issue expenses
The net issue expenses of $5,005,000 (2009: $7,962,000) in relation to equity fund raising have been deducted
directly against Unitholders’ funds.
8th Annual Report FY09/10
147