DEFINING DESIGN
QUALITY
130
Off-Market Purchases Scenario
Off-Market Purchases of 19,455,326 Shares out of profits, and the maximum number of Shares permitted
under the Companies Act to be held in treasury are held in treasury and the balance are cancelled
Group
Company
Before
Share
Purchase
After
Share
Purchase
Before
Share
Purchase
After
Share
Purchase
S$’000
S$’000
S$’000
S$’000
As at 31 December 2014
Share capital
23,614
23,614
23,614
23,614
Revenue reserves
(distributable)
74,923
73,861
12,346
34,163
Other reserves
(1,790)
(1,790)
1,826
1,826
Treasury shares
-
(21,817)
-
(21,817)
Shareholders’ funds
96,747
73,868
37,786
37,786
NA
96,747
73,868
37,786
37,786
Current assets
194,596
171,717
11,483
11,483
Current liabilities
120,545
120,545
1,725
1,725
Working capital
74,051
51,172
9,758
9,758
Total liabilities
122,849
122,849
1,725
1,725
Cash and cash equivalents
81,360
58,481
4,721
4,721
Profit attributable to
Shareholders
17,155
17,155
8,320
31,199
Number of Shares, excluding
treasury shares ('
000
)
194,553
175,098
194,553
175,098
Weighted average number
of Shares ('
000
)
194,166
174,711
194,166
174,711
Financial Ratios
NA per Share
(1)
(cents)
49.73
42.19
19.42
21.58
EPS
(2)
(cents)
8.84
9.82
4.28
17.86
Gearing ratio
(3)
(times)
1.27
1.66
0.05
0.05
Current ratio
(4)
(times)
1.61
1.42
6.66
6.66
Notes:
(1) NA per Share equals Shareholders’ funds divided by the total number of Shares, excluding treasury shares
(2) EPS equals profit attributable to Shareholders divided by the weighted average number of Shares
(3) Gearing ratio equals total liabilities divided by Shareholders’ funds
(4) Current ratio equals current assets divided by current liabilities.
Shareholders who are in doubt as to their respective tax positions or any tax implications arising from
the Share Purchase Mandate, or who may be subject to tax whether in or outside Singapore, should
consult their own professional advisers.
Letter To Shareholders
