79
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
for the financial year ended 31 December 2014
8.
INCOME TAX CREDIT (CONT’D)
The tax effects of expenses that are not deductible for income tax purposes include the following:
Group
2014
2013
$’000
$’000
Depreciation of property, plant and equipment
343
289
Amortisation of intangible assets
5
13
Upkeep of motor vehicles
6
54
Impairment of property, plant and equipment
204
–
Interest expense
10
–
The tax effects of income that is not subject to tax include the following:
Group
2014
2013
$’000
$’000
Fair value gain on derivatives
–
6
Gain on disposal of property, plant and equipment
23
6
Recognition of deferred income
243
223
9.
EARNINGS PER SHARE
Basic earnings per share are calculated by dividing the Group’s (loss)/profit for the year attributable
to owners of the Company by the weighted average number of ordinary shares outstanding during
the financial year.
Diluted earnings per share are calculated by dividing the Group’s (loss)/profit for the year attributable
to owners of the Company by the weighted average number of ordinary shares outstanding during
the financial year plus the weighted average number of ordinary shares that would be issued on the
conversion of all the dilutive potential ordinary shares into ordinary shares.
