191 ANNUAL REPORT 2023 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2023 26. EARNINGS PER SHARE (CONT’D) The following tables reflect the profit and share data used in the computation of basic and diluted earnings per share for the years ended 31 December: Group 2023 2022 $’000 $’000 Profit for the year attributable to owners of the Company 22,527 4,769 No. of shares* 2023 2022 ’000 ’000 Weighted average number of shares for basic earnings per share computation: Outstanding during the year 614,882 533,516 Diluted earnings per share The weighted average number of ordinary shares adjusted for the effect of all dilutive potential ordinary shares is determined as follows: No. of shares* 2023 2022 ’000 ’000 Weighted average number of shares outstanding during the year, used in the computation of diluted earnings per share 614,882 533,516 * Rounded to the nearest thousand. 27. LEASES – AS A LEASEE The Group has entered into leases for buildings, tools & equipment, office furniture & fittings, computer equipment and motor vehicles. The Group’s obligations under its leases are secured by the lessor’s title to the leased assets. There are several lease contracts that include extension options, which are further discussed below. The Group also has certain leases with lease terms of 12 months or less. The Group applies the ‘short-term lease’ recognition exemptions for these leases.
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