SUNNINGDALE TECH LTD
ANNUAL REPORT 2014
130
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)
(b)
Purchases made entirely out of capital and cancelled
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)
927,324,011 834,591,610 834,591,610 927,324,011 834,591,610 834,591,610
Financial Ratios
NTA per Share (cents)
30.75
31.88
31.55
30.76
31.89
31.56
EPS (cents)
2.98
3.32
3.32
0.94
1.04
1.04
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.
Shareholders should be aware that the financial effects set out above are for illustrative purposes only.
In particular, it is important to note that the above analysis is based on the respective aforementioned
assumptions, and historical FY2014 numbers, and are not necessarily representative of future
financial performance. In addition, the actual impact will depend on the actual number and price of
Shares to be acquired or purchased by the Company, the purchase prices paid at the relevant time,
the amount (if any) borrowed by the Company to fund the purchases or acquisitions and whether the
Shares to be acquired or purchased are cancelled or held in treasury.
Although the Share Purchase Mandate would authorize the Company to purchase or acquire up to 10% of
the total issued Shares, the Company may not necessarily purchase or acquire or be able to purchase or
acquire the entire 10% of the total issued Shares. In addition, the Company may cancel all or part of the Shares
repurchased or holds all or part of the Shares repurchased in treasury.
The Company may take into account both financial and non-financial factors (for example, stock market
condition and the performance of the Shares) in assessing the relative impact of a Share Purchase
before execution.
APPENDIX 1
APPENDIX 1
