Off-Market Purchases Scenario
Off-Market Purchases of 19,674,418 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
After
Before
After
Share
Share
Share
Share
Purchase Purchase Purchase Purchase
S$’000
S$’000
S$’000
S$’000
As at 31 December 2015
Share capital
26,854
26,854
26,854
26,854
Revenue reserves (distributable)
87,030
86,247
21,898
35,871
Other reserves
(2,084)
(2,084)
2,376
2,376
Treasury shares
(523)
(14,496)
(523)
(14,496)
Shareholders’ funds
111,277
96,521
50,605
50,605
NA
111,277
96,521
50,605
50,605
Current assets
199,166
184,410
9,648
9,648
Current liabilities
129,267
129,267
1,922
1,922
Working capital
69,899
55,143
7,726
7,726
Total liabilities
138,860
138,860
1,922
1,922
Cash and cash equivalents
70,688
55,932
4,669
4,669
Profit attributable to Shareholders
19,068
19,068
16,427
31,183
Number of Shares, excluding treasury shares (‘000)
196,919
177,245
196,919
177,245
Weighted average number of Shares (‘000)
196,318
176,644
196,318
176,644
Financial Ratios
NA per Share
(1)
(cents)
56.51
54.46
25.70
28.55
EPS
(2)
(cents)
9.71
10.79
8.37
17.65
Gearing ratio
(3)
(times)
1.25
1.44
0.04
0.04
Current ratio
(4)
(times)
1.54
1.43
5.02
5.02
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
proposed renewal of the Share Purchase Mandate to be tabled at the 2016 AGM, or who may be subject to
tax whether in or outside Singapore, should consult their own professional advisers.
letter to
shareholders
• e x p e r i e n c i n g
k i n g s m e n
1 5 4
