(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 2015
Share capital
150,146
148,464
150,146
148,464
Capital and other reserves
1,640
1,640
2,527
2,527
Retained earnings
(22,714)
(22,714)
(68,191)
(68,191)
Shareholders’ funds
129,072
127,390
84,482
82,800
Net tangible assets
128,980
127,298
84,393
82,711
Minority interests
564
564
–
–
Current assets
88,036
86,354
84,622
82,940
Current liabilities
14,771
14,771
15,152
15,152
Working capital
73,265
71,583
69,470
67,788
Number of issued Shares 1,274,185,662 1,235,960,093 1,274,185,662 1,235,960,093
Weighted average
number of Shares
1,274,380,666 1,236,155,097 1,274,380,666 1,236,155,097
Financial ratios
Net tangible
assets/Share (S$)
(1)
0.10
0.10
0.07
0.07
Current ratio (times)
(2)
5.96
5.85
5.58
5.47
Earnings per Share
(cents)
(3)
(0.43)
(0.44)
(0.60)
(0.62)
Notes:
For the purpose of the above calculations:
(1) “
Net tangible assets/Share
” is calculated based on the NTA and the issued and paid-up Shares
(excluding treasury shares) as at the Latest Practicable Date;
(2) “
Current ratio
” represents the ratio of total assets to the total liabilities; and
(3) “
Earnings per Share
” is calculated based on profit attributable to Shareholders and weighted
average number of issued and paid-up Shares (excluding treasury shares) as at the Latest Practicable
Date.
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.
141
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
APPENDIX
