29. Earnings per share
Basic earnings per share are calculated by dividing profit, net of tax, attributable to owners
of the Company by the weighted average number of ordinary shares outstanding during
the financial year.
Diluted earnings per share are calculated by dividing profit, net of tax, attributable to
owners of the Company by the weighted average number of ordinary shares outstanding
during the financial year plus the weighted average number of ordinary shares that would
be issued on the conversion of all the dilutive potential ordinary shares into ordinary
shares.
The following tables reflect the profit and share data used in the computation of basic and
diluted earnings per share for the years ended 30 June:
Group
2015
2014
$’000
$’000
Basic earnings per share is based on:
(i)
Profit for the year attributable to owners
of the Company
7,931
22,118
No. of
No. of
shares
shares
(ii)
Weighted average number of ordinary shares
in issue during the financial year applicable to
basic and diluted earnings per share
419,511,294 419,511,294
Treasury shares have not been included in the calculation of both basic and diluted earnings
per share because the holders of these treasury shares are not entitled to dividend of the
Company.
30. Commitments and contingencies
(a) Capital commitments
Capital expenditure contracted for as at end of the reporting period but not
recognised in the financial statements are as follows:
Group
2015 2014
$’000 $’000
Purchase of:
Tugs and other vessels
13,971
6,377
Plant and machinery
18
737
13,989
7,114
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
142
