Page 180 - S P Setia Annual Report 2016
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178   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          32.   TAX EXPENSE (CONT’D.)

                                                                        Group                      Company
                                                                   1.1.2016     1.11.2014      1.1.2016      1.11.2014
                                                                         to            to            to            to
                                                                 31.12.2016    31.12.2015    31.12.2016     31.12.2015
                                                                   RM’000         RM’000        RM’000        RM’000
               Tax savings during the financial year/period arising from:
               Utilisation of current year/period tax losses         1,133           906             -             -
               Utilisation of tax losses brought forward from previous
                 period/years                                        7,327          3,687            -             -

              The Company is on the single tier income tax system; accordingly the entire retained earnings of the Company are available for
              distribution by way of dividend without incurring additional tax liability.



         33.   EARNINGS PER SHARE

              Basic earnings per share

              The basic earnings per share has been calculated by dividing the Group’s profit for the year/period attributable to owners of the
              Company by the weighted average number of ordinary shares outstanding during the financial year/period. The weighted average
              number of ordinary shares in issue is calculated as follows:

                                                                                                     Group
                                                                                               1.1.2016      1.11.2014
                                                                                                     to           to
                                                                                             31.12.2016     31.12.2015
                                                                                                  ‘000           ’000

               Profit for the financial year/period attributable to owners of the Company (RM)    808,030     918,258
               Number of ordinary shares at beginning of the year/period                      2,628,356      2,538,332
               Effect of shares issued pursuant to:
               -  DRP                                                                            76,833        29,272
               -  vesting of ESGP                                                                 4,315         2,904
               -  exercise of ESOS                                                                 399          4,785
               Weighted average number of ordinary shares                                     2,709,903      2,575,293
               Basic Earnings Per Share (sen)                                                    29.82          35.66
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