143
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
APPENDIX
(B)
Off-Market Purchases
Group
Before Share
Purchase
Group
After Share
Purchase
Company
Before Share
Purchase
Company
After Share
Purchase
S$’000
S$’000
S$’000
S$’000
As at 31 December 2014
Share capital
150,167
147,608
150,167
147,608
Capital and other reserves
1,931
1,931
2,527
2,527
Retained earnings
(17,259)
(17,259)
(60,588)
(60,588)
Shareholders’ funds
134,839
132,280
92,106
89,547
Net tangible assets
134,760
132,201
92,031
89,472
Minority interests
564
564
–
–
Current assets
116,697
114,138
120,918
118,359
Current liabilities
32,814
32,814
36,929
36,929
Working capital
83,883
81,324
83,989
81,430
Number of issued Shares
1,282,853,962 1,244,368,344 1,282,853,962 1,244,368,344
Weighted average number of Shares
1,104,853,962 1,066,368,344 1,104,853,962 1,066,368,344
Financial ratios
Net tangible assets/Share (S$)
0.11
0.11
0.07
0.07
Current ratio (times)
3.56
3.48
3.27
3.21
Earnings per Share (cents)
(1.46)
(1.51)
(1.99)
(2.06)
Shareholders should note that the financial effects set out above are purely for
illustrative purposes only based on the abovementioned assumptions. Although the
proposed Share Purchase Mandate would authorise the Company to purchase or
acquire up to three per cent. (3%) of the total number of issued Shares (excluding
treasury shares) as determined in accordance with the applicable provisions of the
Companies Act, the Company may not necessarily purchase or be able to purchase
the entire three per cent. (3%) of the total number of its issued Shares (excluding
treasury shares). In addition, the Company may cancel all or part of the Shares
purchased or hold all or part of the Shares purchased in treasury.
Shareholders who are in doubt as to their tax positions or any tax implications in
their respective jurisdictions should consult their own professional advisers.
