Page 122 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
120
26 AMOUNT AVAILABLE FOR DISTRIBUTION (CONTINUED)
Note B:
Realised gains available for distribution relate to profits as follows: 1) prior to the listing of
the Trust, CREO sold its interest in Tangdao Bay development site and realised a gain of
approximately $22.6 million from the sale in December 2009; and 2) CREO sold its interest in units
of RREEF China Commercial Trust in the first quarter of 2010 and realised a gain of approximately
$4.2 million from the disposal.
Note C:
This includes the gain on disposal of subsidiaries which hold Central Plaza amounting to
$17,964,000 recognised during the current financial year and the accumulated valuation gain
offset by the historical deferred tax expenses of Central Plaza from the date of the Trust’s
acquisition of the equity interest in these subsidiaries to the date of the completion of their sale,
amounting to $14,122,000.
27 EARNINGS PER UNIT
(a) Basic earnings per unit
Group
2013 2012
cents cents
Basic earnings per unit (19.4) 16.7
The calculation of basic earnings per unit for the Group was based on the profit or loss for
the year attributable to unitholders and the weighted average number of units outstanding:
Group
2013 2012
$’000 $’000
(Loss)/Profit for the year attributable to Unitholders (49,252) 42,417
Number of
units
Number of
units
2013 2012
Units in issue at beginning of the year 253,619,717 253,619,717
Effect of new units issued during the year 83,425 –
Weighted average number of units outstanding during the year 253,703,142 253,619,717