Page 150 - 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$’000) 16,928 8,764 31,502 23,338
NTA (S$’000) 16,928 8,764 31,476 23,312
Current Assets (S$’000) 12,714 4,550 22,937 14,773
Current Liabilities (S$ ‘000) 1,699 1,699 10,198 10,198
Working Capital (S$ ‘000) 11,015 2,851 12,739 4,575
Total Borrowings (S$ ‘000) – – 4,089 4,089
Cash & Cash Equivalents (S$ ‘000) 9,664 1,500 20,379 12,215
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 7.64 25.93 20.32
Basic EPS (cents) 2.05 2.17 4.97 5.25
Debt Equity Ratio (%) – – 13.0 17.5
Current Ratio (times) 7.5 2.7 2.2 1.4
The actual impact will depend on the number and price of the Shares bought back. The Directors do not propose exercising the proposed
Share Buy-back Mandate to such an extent that it would have a material adverse effect on the working capital requirements and capital
adequacy position of the Company.
Shareholders should note that the financial effects set out above are based on certain assumptions and are for illustrative
purposes only. In particular, it is important to note that the above analysis is based on historical audited financial statements for
the financial year ended 31 March 2014 and is not necessarily representative of future financial performance.
Although the Share Buy-back Mandate would authorise the Company to purchase or acquire up to 10% of the issued Shares,
the Company may not necessarily purchase or acquire or be able to purchase or acquire the entire 10% of the issued Shares. In
addition, the Company may cancel all or part of the Shares repurchased or hold all or part of the Shares repurchased as treasury
shares.
148
Annual Report 2014 •