Page 149 - ar2014

ADDENDUM
Company Group
As at 31 March 2014
Before the
Share
Buy-back
After the
Share
Buy-back
Before the
Share
Buy-back
After the
Share
Buy-back
Shareholders’ Equity (S$’000) 16,928 10,092 31,502 24,666
NTA (S$’000) 16,928 10,092 31,476 24,640
Current Assets (S$’000) 12,714 5,878 22,937 16,101
Current Liabilities (S$ ‘000) 1,699 1,699 10,198 10,198
Working Capital (S$ ‘000) 11,015 4,179 12,739 5,903
Total Borrowings (S$ ‘000) – – 4,089 4,089
Cash & Cash Equivalents (S$ ‘000) 9,664 2,828 20,379 13,543
Net Proft (S$ ‘000) 2,487 2,487 6,018 6,018
Number of Shares (‘000) 121,375 114,738 121,375 114,738
Financial Ratios
NTA per Share (cents) 13.95 8.80 25.93 21.47
Basic EPS (cents) 2.05 2.17 4.97 5.25
Debt Equity Ratio (%) – – 13.0 16.6
Current Ratio (times) 7.5 3.5 2.2 1.6
Off-Market Purchase
For illustrative purposes only, in an Off-Market Purchase, assuming that the Maximum Price is S$1.23, which is 125% of the average
of the closing market prices of the Shares over the last fve (5) Market Days on the Catalist, on which transactions in the Shares were
recorded, immediately preceding the Latest Practicable Date (being the date on which the Company makes an announcement of the
offer under the Off-Market Purchase scheme), the maximum amount of funds required for the purchase of up to 6,637,367 Shares is
S$8,163,961. On this assumption, the impact of the Share Buy-back by the Company undertaken in accordance with the proposed Share
Buy-back Mandate on the Company’s and the Group’s audited fnancial statements for the fnancial year ended 31 March 2014 is as
follows:
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Annual Report 2014 •