129
3.
THE PROPOSED RENEWAL OF THE SHARE PURCHASE MANDATE (cont’d)
3.7
Financial Effects. (cont’d)
3.7.4 Illustrative Financial Effects (cont’d)
(a)
the purchase of 92,732,401 Shares by the Company in a Market Purchase or Off-Market Purchase
pursuant to the Share Purchase Mandate and held as treasury shares; and
(b)
the purchase of 92,732,401 Shares by the Company in a Market Purchase or Off-Market Purchase
pursuant to the Share Purchase Mandate and cancelled;
on the audited consolidated financial statements of the Company and the Group for FY2014 are set out below :-
(a)
Share Purchases made entirely out of capital and held as treasury shares
Group
Company
(S$’000)
Before
Share
Buyback
After Share
Buyback
assuming
Market
Purchase
After Share
Buyback
assuming
Off- Market
Purchase
Before
Share
Buyback
After Share
Buyback
assuming
Market
Purchase
After Share
Buyback
assuming
Off- Market
Purchase
Shareholders’ fund
305,274 286,153 283,417 285,246 266,125 263,389
NTA
(1)
285,179 266,058 263,322 285,246 266,125 263,389
Current assets
375,768 356,647 353,911 103,473 103,473 103,473
Current liabilities
238,210 238,210 238,210 116,807 135,928 138,664
Working capital
137,558 118,437 115,701 (13,334)
(32,455)
(35,191)
Total borrowings
137,020 137,020 137,020
87,552 106,673 109,409
Cash and short term
deposits
103,105
83,984
81,248
7,857
7,857
7,857
Number of Shares
(4)
927,324,011 927,324,011 927,324,011 927,324,011 927,324,011 927,324,011
Financial Ratios
NTA per Share (cents)
30.75
28.69
28.40
30.76
28.70
28.40
EPS (cents)
2.98
2.98
2.98
0.94
0.94
0.94
Gearing ratio (times)
(2)
0.45
0.48
0.48
0.31
0.40
0.42
Current ratio (times)
(3)
1.58
1.50
1.49
0.89
0.76
0.75
Notes :
(1)
NTA equals Shareholders’ funds less intangible assets.
(2)
Gearing ratio equals total borrowings divided by Shareholders’ funds.
(3)
Current ratio equals current assets divided by current liabilities,
(4)
Based on 927,324,011 Shares in issue as at the Latest Practicable Date.
APPENDIX 1
