Page 100 - Forterra

98 FORTERRA
ANNUAL REPORT 2012
NOTES TO THE
FINANCIAL STATEMENTS
27 NET ASSET VALUE PER UNIT
(a) Basic net asset value per unit
The calculation of basic net asset value per unit for the Group was based on the net asset
value attributable to Unitholders and the number of units in issue outstanding at year end.
(b) Diluted net asset value per unit
In calculating diluted net asset value per unit, the net assets attributable to Unitholders of
the Trust and the number of units in issue at year end are adjusted for the effects of dilutive
potential units:
Group
2012 2011
$’000 $’000
Net assets attributable to Unitholders of the Trust 1,126,851 1,170,488
Proceeds from potential units issued for unit options 1,208 1,208
Conversion of convertible debts 75,166 68,041
Net assets attributable to Unitholders of the Trust (diluted) 1,203,225 1,239,737
Number of
units
Number of
units
Number of units in issue at year end 253,619,717 253,619,717
Number of potential units issued for unit options 2,628,571 3,450,000
Number of potential units issued for convertible debts 30,460,953 30,880,820
Number of units in issue and potential units (diluted) at year end 286,709,241 287,950,537
28 FINANCIAL RISK MANAGEMENT
Overview
The Group has exposure to the following risks in the normal course of business:
• credit risk
• liquidity risk
• market risk
This note presents information about the Group’s exposure to each of the above risks, the Group’s
objectives, policies and processes for measuring and managing risk. Further quantitative disclosures
are included throughout these financial statements. There were no changes in the Group’s approach
to financial risk management during the year.