22 EARNINGS PER UNIT
(a) Basic earnings per unit
The calculation of basic earnings per unit is based on the weighted average number of
units during the year and total return for the year.
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Total return for the year
618,875 574,366 563,601 537,177
Group and Trust
Number of Units
2014
2013
’000
’000
Issued units at beginning of the year
3,459,157 3,456,421
Effect of creation of new units:
– asset management fees in relation to the Trust’s
40.0% interest in RCS Trust
1,635
1,461
Weighted average number of units at the end of the year
3,460,792 3,457,882
(b) Diluted earnings per unit
In calculating diluted earnings per unit, the total return for the year and weighted average
number of units during the year are adjusted for the effects of all dilutive potential units:
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Total return for the year
618,875 574,366 563,601 537,177
Impact of conversion of the dilutive
potential units
3,348
15,661
3,348
15,661
Adjusted total return for the year
622,223 590,027 566,949 552,838
Group and Trust
Number of Units
2014
2013
’000
’000
Weighted average number of units used in calculation of
basic earnings per unit
3,460,792 3,457,882
Weighted average number of unissued units from
convertible bonds
41,055 169,798
Weighted average number of units in issue (diluted)
3,501,847 3,627,680
Notes to the Financial Statements
Year ended 31 December 2014
192 | CapitaMall Trust Annual Report 2014
