/ 1 4 6
NOTES TO THE FINANCIAL STATEMENTS
C A M B R I D G E I N D U S T R I A L T R U S T
A N N U A L R E P O R T 2 0 1 5
19.
Earnings and distribution per unit
(a)
Basic earnings per unit
The calculation of basic earnings per unit is based on the weighted average number of units in issue and
the total return after tax for the financial year.
Group
Trust
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Total return before income tax
52,517
45,418
52,362
45,524
Less: income tax expense
–
(102)
–
(102)
Total return after income tax
52,517
45,316
52,362
45,422
Group and Trust
Number of Units
2015
2014
’000
’000
Weighted average number of units:
– Units issued at beginning of year
1,269,030 1,239,339
Effect of issue of new units:
– Distribution Reinvestment Plan
10,995
13,966
– Management fees paid in units
4,064
173
– Acquisition fees paid in units
66
–
1,284,155 1,253,478
Group
Trust
2015
2014
2015
2014
Basic earnings per unit (cents)
4.090
3.615
4.078
3.624
(b)
Diluted earnings per unit
Diluted earnings per unit is the same as the basic earnings per unit as there were no dilutive instruments
in issue during the current and previous financial year.
(c)
Distribution per unit
The calculation of distribution per unit is based on the total amount available for distribution for the
financial year and the applicable number of units which is either the number of units in issue at the end of
each period or the applicable number of units in issue during the financial year.
Group and Trust
2015
2014
$’000
$’000
Total amount available for distribution
61,813
63,035
Number of Units
2015
2014
’000
’000
Applicable number of units for the calculation of DPU
1,289,652 1,259,692
Distribution per unit (cents)
4.793
5.004
