NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2023 3 MATERIAL ACCOUNTING POLICIES (continued) 3.15 Earnings per unit The Group presents basic and diluted earnings per unit data for its units. Basic earnings per unit is calculated by dividing the total return by the weighted-average number of units outstanding during the year. Diluted earnings per unit is determined by adjusting the total return and the weighted-average number of ordinary units outstanding, for the effects of all dilutive potential units. 3.16 Segment reporting An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. All operating segments’ operating results are reviewed regularly by the Chief Executive Officer of the Manager (the Group’s “Chief Operating Decision Maker” or “CODM”) to make decisions about the resources to be allocated to the segment and to assess its performance, and for which discrete financial information is available. 3.17 New accounting standards and amendments not adopted A number of new accounting standards and amendments to standards are effective for annual periods beginning after 1 January 2023 and earlier application is permitted; however, the Group has not early adopted the recognition and measurement principles under the new or amended accounting standards in preparing these financial statements. The Group does not expect the application of these standards to have a significant impact on the financial statements. 4 PLANT AND EQUIPMENT Group Trust 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Furniture, fittings and equipment Cost At 1 January 13,218 13,629 7,929 8,559 Acquisition of subsidiaries (Note 32) – 75 – – Additions 453 478 298 146 Disposals (41) (45) (32) (4) Assets written off (647) (789) (536) (772) Translation difference 52 (130) – – At 31 December 13,035 13,218 7,659 7,929 Accumulated depreciation At 1 January 7,907 7,508 6,594 6,467 Charge for the year 706 891 283 503 Disposals (37) (44) (31) (4) Assets written off (517) (390) (434) (372) Translation difference 28 (58) – – At 31 December 8,087 7,907 6,412 6,594 Carrying amounts At 1 January 5,311 6,121 1,335 2,092 At 31 December 4,948 5,311 1,247 1,335 ANNUAL REPORT 2023 207 Other Information Overview Leadership Performance Framework
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