Page 184 - index

182

NOTES TO THE
FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2015

25 Earnings Per Share

Basic earnings per share is calculated by dividing the Group’s profit attributable to equity holders by the weighted average
number of ordinary shares in issue during the financial year.

For the purpose of calculating the diluted earnings per share, the weighted average number of ordinary shares in issue is
adjusted to take into account the dilutive effect arising from the StarHub share plans.

Group

2015 2014
$m $m

Profit attributable to equity holders 372.3 370.5

Number of shares

2015 2014

’000 ’000

Weighted average number of ordinary shares (basic) 1,729,101 1,725,351
Adjustment for dilutive effect of share plans 6,864 7,050
Weighted average number of ordinary shares (diluted)
1,735,965 1,732,401

26 Earnings Before Interest, Taxation, Depreciation and Amortisation

The earnings before interest, taxation, depreciation and amortisation (“EBITDA”) is a supplementary indicator of performance
used by the Group. The measurement of EBITDA is not covered by FRS. The Group defines EBITDA as follows:

Group

2015 2014
$m $m

Profit before taxation 440.2 456.1
Adjustments for:
271.4 271.2
Depreciation and amortisation (net of asset grants) (2.0) (2.0)
Finance income 17.8 22.6
Finance expense
Gain on deconsolidation of a subsidiary company (15.0) –
Share of loss of associate (net of tax) 0.3 –
EBITDA 747.9
712.7