ANNUAL REPORT 2015
77
Notes to the Combined
Financial Statements
As at 30 September 2015
30
COMMITMENTS (cont’d)
At the end of the financial year, the Group has outstanding commitments under non-cancellable operating leases, which fall due as
follows:
Group
2015
2014
$
$
Within one year
9,579,559 7,160,835
Within two to five years
15,375,063 9,440,753
24,954,622 16,601,588
Contingent rental for the Group payable at certain percentage of monthly gross turnover has been excluded from the minimum lease
rental commitments above.
31
EARNINGS PER SHARE
Pursuant to IPO, the calculation of the earnings per share attributable to the ordinary owners of the Company is based on the following
data:
Group
2015
2014
$
$
Earnings per ordinary share (“EPS”)
Profit attributable to owners of the Company
10,599,659
11,520,661
Weighted average number of ordinary shares for purpose of earnings per share
641,333,000
(1)
641,333,000
(1)
EPS -Basic and diluted (cents)
1.7
1.8
Note:
(1)
For comparative purposes, the earnings per share for the respective financial years have been computed based on the profit attributable to owners
of the Company and the Company’s enlarged share capital of 641,333,000 shares, which included the following:
(a)
sub-division of 1,051,204 shares in the capital of the Company into 463,929,800 shares;
(b)
issuance of 17,070,200 new shares to fellow co-operative venturers and non-controlling interests;
(c)
assuming that the Restructuring Exercise and the issuance of 72,100,000 cornerstone shares and 88,233,000 new shares pursuant to the
IPO had been completed as at the end of the respective financial years.
There were no dilutive equity instruments for 2015 and 2014.
32
DIVIDENDS
On 12 December 2013, JSPL declared a second interim tax-exempt dividend of $1.241 per share (total dividend of $900,000) in respect
of financial year ended 30 September 2013 to the then shareholders of JSPL. The dividend was paid on 27 December 2013.
On 31 July 2014, JSPL declared a first interim tax-exempt dividend of $0.551 per share (total dividend of $400,000) in respect of
financial year ended 30 September 2014 to the then shareholders of JSPL. The dividend was paid on 31 July 2014.
On 21 November 2014, JSPL declared a second interim tax-exempt dividend of $1.38 per share (total dividend of $1,000,000) in
respect of financial year ended 30 September 2014 to the then shareholders of JSPL. The dividend was paid on 1 December 2014.
