N o t e s t o t h e f i n a n c i a l s t a t e m e n t s
Year ended 31 March 2015
27 Earnings per unit and distribution per unit
(a) Basic earnings per unit
The calculation of basic earnings per unit is based on the total return for the year and weighted average number of
units during the year:
Group
Trust
2015
2014
2015
2014
$’000
$’000
$’000
$’000
(Restated)
Total return for the year
397,600 481,968 342,505 426,662
Group and Trust
Number of Units
2015
2014
(’000)
(’000)
Weighted average number of units:
– outstanding during the year
2,404,222 2,401,014
– to be issued as payment for management fee payable in units
3
3
– to be issued as payment for acquisition fee payable in units
1
–
2,404,226 2,401,017
Group
Trust
2015
2014
2015
2014
(Restated)
Basic earnings per unit (cents)
16.54
20.07
14.25
17.77
(b) Diluted earnings per unit
In calculating diluted earnings per unit, the total return for the year and weighted average number of units during
the year are adjusted for the effects of all dilutive potential units:
Group
Trust
2015
2014
2015
2014
$’000
$’000
$’000
$’000
(Restated)
Total return for the year
397,600 481,968 342,505 426,662
Interest expense on ECS
–
4,800
–
–
Interest expense on collateral loan
–
–
–
4,800
Change in fair value of ECS
–
(18,426)
–
–
Change in fair value of collateral loan
–
–
–
(18,426)
397,600 468,342 342,505 413,036
Group
Trust
Number of Units
Number of Units
2015
2014
2015
2014
(’000)
(’000)
(’000)
(’000)
Weighted average number of units
Weighted average number of units
used in calculation of basic earnings per unit
2,404,226 2,401,017 2,404,226 2,401,017
Effect of conversion of ECS
– 137,804
–
–
Effect of conversion of collateral loan
–
–
– 137,804
Weighted average number of units (diluted)
2,404,226 2,538,821 2,404,226 2,538,821
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
