NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
Financial Statements
106
COSCO Corporation (Singapore) Limited
9.
Income taxes
(continued)
(b)
The tax (charge)/credit relating to each component of other comprehensive income is as follows:
2014
2013
Before
tax
Tax
charge
After
tax
Before
tax
Tax
credit
After
tax
$’000 $’000 $’000
$’000 $’000 $’000
Fair value gain/(loss) on
available-for-sale financial
assets
332 (83)
249
(123)
31
(92)
Currency translation differences
arising from consolidation
53,105
–
53,105
118,317
–
118,317
Other comprehensive income 53,437 (83)
53,354
118,194 31
118,225
10.
Earnings per share
(a)
Basic earnings per share
Basic earnings per share is calculated by dividing the net profit attributable to equity holders of the
Company by the weighted average number of ordinary shares outstanding during the financial year.
2014
2013
Net profit attributable to equity holders of the Company ($’000)
20,893
30,615
Weighted average number of ordinary shares outstanding for
basic earnings per share (’000)
2,239,245
2,239,245
Basic earnings per share (cents per share)
0.93
1.37
(b)
Diluted earnings per share
For the purpose of calculating diluted earnings per share, the weighted average number of ordinary
shares outstanding is adjusted for the effects of all dilutive potential ordinary shares arising from
share options.
For share options, the weighted average number of shares on issue has been adjusted as if all
dilutive share options were exercised. The number of shares that could have been issued upon the
exercise of all dilutive share options less the number of shares that could have been issued at fair
value (determined as the Company’s average share price for the financial year) for the same total
proceeds is added to the denominator as the number of shares issued for no consideration. No
adjustment is made to the net profit.
Diluted earnings per share attributable to equity holders of the Company is calculated as follows:
2014
2013
Net profit attributable to equity holders of the Company ($’000)
20,893
30,615
Weighted average number of ordinary shares outstanding for
basic earnings per share (’000)
2,239,245
2,239,245
Weighted average number of ordinary shares outstanding for
diluted earnings per share (’000)
2,239,245
2,239,245
Diluted earnings per share (cents per share)
0.93
1.37
