NOTES TO THE FINANCIAL STATEMENTS
20 Earnings and distribution per unit (Cont’d)
(b)
Diluted earnings per unit
The calculation of diluted earnings per unit is based on the weighted average number of units in issue and
issuable and the total return after tax for the financial year.
Group and Trust
Number of Units
2014
2013
‘000
‘000
Weighted average number of units:
– Units issued at beginning of year
1,239,339 1,216,015
Effect of issue of new units:
– Distribution Reinvestment Plan
13,966
11,368
– Management fees paid in units
173
–
1,253,478 1,227,383
Effect of units to be issued:
– Management fees payable in units
635
–
1,254,113 1,227,383
Group
Trust
2014
2013
2014
2013
Diluted earnings per unit (cents)
3.613
9.686
3.622
8.598
(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 year.
Group and Trust
2014
2013
$’000
$’000
Total amount available for distribution
63,035
61,286
Number of Units
2014
2013
’000
’000
Applicable number of units for the calculation of DPU
1,259,692 1,231,579
Distribution per unit (cents)
5.004
4.976
CAMBRIDGE INDUSTRIAL TRUST | A WINNING FORMULA
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