Notes to the financial statements
Year ended 31 March 2016
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
2016
2015
$’000
$’000
Total return for the year
344,151
397,600
Less: Amount reserved for distribution to perpetual securities holders
(6,637)
–
Total return attributable to Unitholders
337,514
397,600
Number of Units
2016
2015
(’000)
(’000)
(1)
Weighted average number of units:
– outstanding during the year
2,456,037
2,404,883
– to be issued as payment for management fee payable in units
4
3
– to be issued as payment for acquisition fee payable in units
–
1
2,456,041
2,404,887
Group
2016
2015
Basic earnings per unit (cents)
13.742
16.533
(1)
(1)
Restated for the effect of the preferential offering units undertaken by the Trust in January 2016.
(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
2016
2015
$’000
$’000
Total return for the year
344,151
397,600
Amount reserved for distribution to perpetual securities holders
(6,637)
–
Interest expense on ECS
4,800
–
Change in fair value of ECS
(12,024)
–
330,290
397,600
.193
A-REIT ANNUAL REPORT
2015/2016
