9. EARNINGS PER UNIT The calculation of basic earnings per unit is based on: Group 2024 2023 S$’000 S$’000 Total return attributable to Unitholders of ECW (S$’000) (64,861) (449,274) Weighted average number of Units outstanding during the year (’000) 809,838 809,838 Basic and diluted earnings per unit (S$ cents per share) (8.01) (55.48) 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. 10. CASH AND BANK BALANCES Group ECW 2024 2023 2024 2023 S$’000 S$’000 S$’000 S$’000 Cash at bank 4,269 7,180 1,004 106 Interest reserves 244 5,547 – – Cash collaterals – 88,237 – – 4,513 100,964 1,004 106 The interest reserves are bank deposits maintained as required by the offshore term loan and onshore term loan facilities agreements. The cash collaterals are cash deposits maintained for the issuance of Standby Letter of Credit (“SBLC”) (Note 18). As at 31 December 2024, all the cash collaterals have been released to fully repay the revolving credit facilities. For the purpose of presenting the Consolidated Statement of Cash Flows, cash and bank balances comprise the following: Group 2024 2023 S$’000 S$’000 Cash and bank balances (including held for sale) 4,513 100,964 Less: Interest reserves# (244) (5,547) Cash collaterals for SBLC facilities – (88,237) Cash and cash equivalents per Consolidated Statement of Cash Flows 4,269 7,180 # Bank deposits maintained as interest reserves, as required by the Offshore Facility and Onshore Facility agreements. EC WORLD REIT 96 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
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