Sustainability and Governance Report
[Notes
Notes to the FINANCIAL STATEMENTS
10. Earnings per share
Basic earnings per share amounts are calculated by dividing profit for the year attributable to owners of the Company by the weighted average number of ordinary shares
outstanding during the financial year.
Diluted earnings per share amounts are calculated by dividing profit for the year attributable to owners of the Company by the weighted average number of ordinary shares
outstanding during the financial year plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares
into ordinary shares.
The following tables reflect the profit and share data used in the computation of basic and diluted earnings per share for the years ended 31 March:
Profit for the year attributable to owners of the Company used in the computation of basic earnings
Group
2020
$'000
2019
$'000
5,052
3,812
No of shares
$'000
No of shares
$'000
Weighted average number of ordinary shares in issue for basic and diluted earnings per share computation
There were no dilutive potential ordinary shares as at 31 March 2020 and 2019.
252,629
252,629
11.
Inventories
Balance sheet:
Finished goods
Less: Allowance for inventory write-downs
Consolidated statement of comprehensive income:
Inventories recognised as an expense in cost of sales
Inclusive of the following charge/(credit):
Group
2020
2019
$'000
$'000
12,008
11,272
(612)
(646)
11,396
10,626
12,275
11,239
- Allowance for inventory write-downs
271
49
- Write-back of allowance for inventory write-downs
346
(112)
The write-back of allowance for inventory write-downs was made when the related inventories were sold above their carrying amounts in 2020 and 2019.
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