TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
65
Notes to the financial statements
For the financial year ended 31 March 2016
9.
Profit/(loss) for the year
Profit/(loss) for the year has been arrived at after charging:
Group
2016
2015
$
$
Staff costs (including directors’ remuneration)
(a)
26,858,371 26,810,292
Cost of defined contribution plans (included in staff costs)
2,176,501 2,030,237
Cost of inventories recognised as expense
23,933,717 24,201,516
Audit fees:
- Auditors of the Company
201,000
196,000
- Other auditors
30,000
19,602
Directors’ remuneration (excluding directors’ fees):
- of the Company
458,716
449,749
- of the subsidiaries
444,581
446,957
Directors’ fees
173,000
173,000
(a)
Included in administrative expenses.
10.
Earnings per share
In the previous financial year, the Company issued and allocated 78,400,000 new ordinary shares in the share capital of
the Company (“Rights Issue”) pursuant to a renounceable and non-underwritten rights issue on the basis of two rights
shares for every five existing ordinary shares of the Company. The rights shares were offered at $0.12 per share and
represented a discount to the fair value of existing shares.
Group
2016
2015
$
$
Earnings per share is based on:
Profit attributable to ordinary shareholders
611,231
574,172
2016
2015
Number of shares
Weighted average number of ordinary shares for the purpose of calculating basic
earnings per share*
274,400,000 249,929,534
Earnings per share (cents)
0.22
0.23
* Adjusted for the Rights Issue.
