Annual Report 2012 - singapore land limited

More documents

Recommendations

Info

70 Singapore Land Limited - Annual Report 2012 NOTES TO THE FINANCIAL STATEMENTS For the fi nancial year ended 31 December 2012 10. EARNINGS PER SHARE Basic earnings per share is calculated by dividing the net profi t attributable to equity holders of the Company by the weighted average number of ordinary shares in issue during the fi nancial year. Diluted earnings per share amounts are calculated by dividing the net profi t attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on the conversion of all dilutive potential shares into ordinary shares. The Group 2012 2011 (restated) Net profi t attributable to equity holders of the Company ($’000) 407,104 353,592 Weighted average number of ordinary shares in issue for basic earnings per share (’000) 412,478 412,478 Basic earnings per share (cents per share) - excluding fair value gain on investment properties held by subsidiary and associated companies (note 9) 53.0 cents 52.1 cents - including fair value gain on investment properties held by subsidiary and associated companies 98.7 cents 85.7 cents Diluted earnings per share is the same as basic earnings per share as the Company has not issued any options or warrants which would have a dilutive effect on earnings per share when exercised. 11. OTHER RECEIVABLES The Group The Company 2012 2011 2012 2011 $’000 $’000 $’000 $’000 Amounts due from: - associated companies (note (a)) 4,289 5,667 - - - joint ventures (note (b)) 151,808 72,152 - - - subsidiary companies (note (c)) - - 468,253 348,487 Less: Allowance for impairment in value of receivables - - (6,537) (6,537) - - 461,716 341,950 Others 345 345 245 245 156,442 78,164 461,961 342,195
Singapore Land Limited - Annual Report 2012 71 NOTES TO THE FINANCIAL STATEMENTS For the fi nancial year ended 31 December 2012 11. OTHER RECEIVABLES (continued) (a) Amounts due from associated companies The amounts due from associated companies for the Group are unsecured, not repayable within the next 12 months and are interest-free except for amounts totalling $771,000 (2011: $749,000) which are interestbearing at fl oating rate. At the statement of fi nancial position date, the carrying amounts of amounts due from associated companies approximate their fair values. (b) Amounts due from joint ventures The amounts due from joint ventures for the Group are subordinated to the borrowings of the joint ventures, not repayable within the next 12 months and are interest-bearing at fl oating rate. At the statement of fi nancial position date, the carrying amounts of amounts due from joint ventures approximate their fair values. (c) Amounts due from subsidiary companies The amounts due from subsidiary companies are unsecured, not repayable within the next 12 months and are interest-bearing except for an amount of $6,537,000 (2011: $6,537,000) which is interest-free and an amount of $82,903,000 (2011: $82,903,000) that is subordinated to the borrowings of a subsidiary company. At the statement of fi nancial position date, the carrying amounts of amounts due from subsidiary companies approximate their fair values. Interest is charged on amounts due from certain subsidiary companies and is based on interest incurred by the Company in respect of bank loans obtained on behalf of these subsidiary companies. 12. AVAILABLE-FOR-SALE FINANCIAL ASSETS The Group 2012 2011 $’000 $’000 Unquoted equity investments 12,045 12,045
Page 1 and 2:
ANNUAL REPORT 2012
Page 3 and 4:
Singapore Land Limited - Annual Rep
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22: Singapore Land Limited - Annual Rep
Page 71: Singapore Land Limited - Annual Rep
Page 109 and 110: SINGAPORE LAND LIMITED Company Regi
Page 111: Incorporated in the Republic of Sin
show all

Annual Report 2012 - singapore land limited

Create successful ePaper yourself

Delete template?

Save as template?