165 Annual Report 2024 26 TAXATION (continued) Global minimum tax under Pillar Two (continued) The Group also performed an assessment of the potential top-up tax impact from the enacted legislations based on the financial information for 2024 and does not expect a material exposure to Pillar Two income taxes for financial year 2024. Singapore has enacted legislation to implement Pillar Two rules which will take effect from 1 January 2025. Management continues to follow Pillar Two legislative developments to evaluate the potential future impact on its consolidated results of operations, balance sheets and cash flows. 27 EARNINGS PER UNIT Basic earnings per unit The calculation of basic earnings per unit is based on the total return attributable to Unitholders for the year and weighted average number of units during the year. Group 2024 2023 $’000 $’000 Total return attributable to Unitholders 933,683 862,570 Number of units ’000 ’000 Weighted average number of units in issue during the year 6,864,567 6,649,430 cents cents Basic earnings per unit 13.60 12.97 Diluted earnings per unit In calculating diluted earnings per unit, the weighted average number of units during the year are adjusted for the effects of all dilutive potential units, calculated as follows: Group 2024 2023 ’000 ’000 Weighted average number of units Weighted average number of units used in calculation of basic earnings per unit 6,864,567 6,649,430 – effect of payment of management fees 15,594 13,980 Weighted average number of units used in calculation of diluted earnings per unit 6,880,161 6,663,410 Group 2024 2023 cents cents Diluted earnings per unit 13.57 12.94
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