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EC World Real Estate Investment Trust ANNUAL REPORT 2016
NOTES TO THE
Financial Statements
For the Financial Year ended 31 December 2016
8.
Earnings per unit
The calculation of basic earnings per unit is based on:
Group
Year ended
31 December
2016
Period from
5 August 2015
to 31 December
2015
S$’000
S$’000
Total return for the year/period
55,820
696,814
Less: Total return for the period from 1 January 2016 to 27 July 2016
(26,479)
–
Total return attributable to Unitholders of ECW
29,341
696,814
Weighted average number of units outstanding from 28 July 2016 to
31 December 2016 (‘000)
777,806
–*
Basic and diluted earnings per unit (cents per share)
3.77
N/M
*: Amounts to S$1
N/M: Not meaningful as there was only 1 unit issued from 5 August 2015 (date of incorporation) to 31 December 2015.
Diluted earnings per unit is the same as the basic earnings per unit as there are no dilutive instruments in issue
during the financial year/period.
9.
Cash and cash equivalents
Group
ECW
2016
2015
2016
2015
S$’000
S$’000
S$’000
S$’000
Cash at bank
27,037
1,925
5,803
–
Fixed deposits
76,628
14,107
5,310
–
103,665
16,032
11,113
–
Included in cash at bank are bank deposits amounting to S$9,327,000 which are deposit maintained as interest
reserves, as required by the offshore term loan and onshore syndicated loan facilities agreements.
For the purpose of presenting the consolidated statement of cash flows, cash and cash equivalents comprise the
following:
Group
2016
2015
S$’000
S$’000
Cash and bank balances (as above)
103,665
16,032
Less: Interest reserve
(9,327)
–
Cash and cash equivalents per consolidated statement of cash flows
94,338
16,032