9. INCOME TAX (CONTINUED)
9C. Deferred Tax Balance in the Statement of Financial Position (continued):
Presented in the statements of financial position as follows:
It is impracticable to estimate the amount expected to be settled or used within one year.
At the end of the reporting year, the aggregate amounts of temporary differences associated with investments in
investees for which deferred tax liabilities have not been recognised were in relation to the fair values gains on
investment properties in the foreign subsidiaries which may be subject to withholding tax if paid as dividends on
realisation of the fair value gains. As mentioned in the accounting policy in Note 2, no liability has been recognised in
respect of these differences:
10. EARNINGS PER UNIT
The following table illustrates the numerators and denominators used to calculate basic and diluted earnings per unit of
no par value:
The weighted average number of units refers to units in circulation during the reporting year.
The diluted earnings per unit is the same as the basic earnings per unit as there were no dilutive instruments in issue
during the reporting year.
2014
2013
2014
2013
S$’000
S$’000
S$’000
S$’000
Deferred tax liabilities
(29,103)
(21,988)
–
–
Deferred tax assets
595
490
595
490
Net balance
(28,508)
(21,498)
595
490
Group
2014
2013
S$’000
S$’000
Foreign subsidiaries
65,008
60,796
Group
2014
2013
Denominator: Weighted average number of units
outstanding during the year (‘000)
719,510
693,449
Numerator: Earnings attributable to unitholders
Total return after income tax (S$’000)
90,603
117,832
Earnings per unit (in cents)
Basic and diluted
12.59
16.99
NOTES TO THE
FINANCIAL STATEMENTS
31 DECEMBER 2014
67
FIRST REIT
ANNUAL REPORT 2014
