Powering growth - Aztech Group Ltd - Investor Relations
Powering growth - Aztech Group Ltd - Investor Relations Powering growth - Aztech Group Ltd - Investor Relations
96a z t e c h a n n u a l r e p o r t 2 0 0 9F i n a n c i a l S t a t e m e n t s29 NET PROFIT FOR THE YEARNet profit for the year has been arrived at after charging (crediting):GROUP2009 2008$’000 $’000Depreciation and amortisation:Depreciation of property, plant and equipment 7,175 5,312Amortisation of intangible asset 3,494 4,924Total depreciation and amortisation 10,669 10,236Directors’ remuneration:of the Company 2,370 2,292of subsidiaries 102 107Directors’ fees:Directors of the Company 347 348Total 2,819 2,747Employee benefits expense(including Directors’ remuneration):Staff costs (including directors’ remuneration) 17,271 20,619Equity settled share-based payments 465 222Defined contributions plans 687 755Total employee benefits expense 18,423 21,596Fair value (gain) loss on investment properties (1,144) 2,650Net foreign exchange (gain) losses (1,158) 1,605Loss on disposal of plant and equipment 1,115 53Cost of inventories recognised as an expense 223,101 209,810Audit fees paid to auditors:Auditors of the Company 202 244Other auditors 131 151Non-audit fees paid to auditors:Auditors of the Company 18 15Other auditors 53 21
F i n a n c i a l S t a t e m e n t sa z t e c h a n n u a l r e p o r t 2 0 0 99730 EARNINGS PER SHARE2009 2008’000 ’000Number of sharesWeighted average number of ordinary shares forthe purposes of basic earnings per share 411,226 406,186Effect of dilutive potential ordinary shares:Share options 3,991 10,082Warrants 1,693 -Weighted average number of ordinary shares forthe purposes of diluted earnings per share 416,910 416,268EarningsNet profit attributable to owners of the Company ($’000) 15,418 12,233Basic earnings per share (cents) 3.75 3.01Effect of dilutive potential ordinary shares:Share options (0.03) (0.07)Warrants (0.02) -Fully diluted earnings per share (cents) 3.70 2.94Fully diluted earnings per share is based on 416,909,690 (2008 : 416,268,276) ordinary shares assuming the full exercise of share options andWarrants 2012 outstanding during the year and adjusting the weighted average number of ordinary shares to reflect the effect of all potentiallydilutive ordinary shares. The outstanding number of the Warrants 2010 of 113,792,726 (2008 : 103,844,250) have not been included in thecalculation of diluted earnings per share because they are anti-dilutive for the current financial year presented.31 DIVIDEND2009 2008$’000 $’000Ordinary dividends paidOne-tier tax exempt final dividend paidof $0.015 (2008 : $0.01) per ordinaryin respect of the previous financial year 5,987 4,083One-tier tax exempt interim dividend paidof $0.005 (2008 : $0.005) per ordinaryin respect of the current financial year 2,021 2,032In respect of the current year, the Directors proposed that a final one tier tax exempt dividend of $0.0125 per ordinary share will be paid toshareholders on May 11, 2010. This dividend is subject to approval by shareholders at the Annual General Meeting and has not been includedas a liability in these financial statements. The proposed dividend, if approved, is payable to all shareholders on the Register of Members on April27, 2010. The total estimated dividend to be paid is $6,096,000.
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- Page 123: HEAD OFFICEAZTECH GROUP LTD31 Ubi R
F i n a n c i a l S t a t e m e n t sa z t e c h a n n u a l r e p o r t 2 0 0 99730 EARNINGS PER SHARE2009 2008’000 ’000Number of sharesWeighted average number of ordinary shares forthe purposes of basic earnings per share 411,226 406,186Effect of dilutive potential ordinary shares:Share options 3,991 10,082Warrants 1,693 -Weighted average number of ordinary shares forthe purposes of diluted earnings per share 416,910 416,268EarningsNet profit attributable to owners of the Company ($’000) 15,418 12,233Basic earnings per share (cents) 3.75 3.01Effect of dilutive potential ordinary shares:Share options (0.03) (0.07)Warrants (0.02) -Fully diluted earnings per share (cents) 3.70 2.94Fully diluted earnings per share is based on 416,909,690 (2008 : 416,268,276) ordinary shares assuming the full exercise of share options andWarrants 2012 outstanding during the year and adjusting the weighted average number of ordinary shares to reflect the effect of all potentiallydilutive ordinary shares. The outstanding number of the Warrants 2010 of 113,792,726 (2008 : 103,844,250) have not been included in thecalculation of diluted earnings per share because they are anti-dilutive for the current financial year presented.31 DIVIDEND2009 2008$’000 $’000Ordinary dividends paidOne-tier tax exempt final dividend paidof $0.015 (2008 : $0.01) per ordinaryin respect of the previous financial year 5,987 4,083One-tier tax exempt interim dividend paidof $0.005 (2008 : $0.005) per ordinaryin respect of the current financial year 2,021 2,032In respect of the current year, the Directors proposed that a final one tier tax exempt dividend of $0.0125 per ordinary share will be paid toshareholders on May 11, 2010. This dividend is subject to approval by shareholders at the Annual General Meeting and has not been includedas a liability in these financial statements. The proposed dividend, if approved, is payable to all shareholders on the Register of Members on April27, 2010. The total estimated dividend to be paid is $6,096,000.
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