My first Publication ocbc_ar17_fullreport_english | Page 185

11. EARNINGS PER SHARE
GROUP
2017
$’000
Profit attributable to ordinary equity holders of the Bank
Preference dividends declared in respect of the period
Perpetual capital securities distributions declared in respect of the period
Profit attributable to ordinary equity holders of the Bank after preference dividends
and other equity distributions
Weighted average number of ordinary shares (’000)
For basic earnings per share
Adjustment for assumed conversion of share options and acquisition rights
For diluted earnings per share
Earnings per share (cents)
Basic
Diluted
2016
4,146,438
(43,068)
(19,000) 3,473,092
(40,110)
(19,052)
4,084,370 3,413,930
4,186,249
6,215
4,192,464 4,151,864
1,109
4,152,973
97.6
97.4 82.2
82.2
Basic earnings per share is calculated by dividing profit attributable to ordinary equity holders of the Bank net of preference dividends
and perpetual capital securities distributions by the weighted average number of ordinary shares in issue during the financial year.
For the purpose of calculating the diluted earnings per ordinary share, the weighted average number of ordinary shares in issue is
adjusted to take into account the dilutive effect arising from share options and acquisition rights, with the potential ordinary shares
weighted for the period outstanding.
12. UNAPPROPRIATED PROFIT
GROUP
Profit attributable to equity holders of the Bank
Add: Unappropriated profit at 1 January
Total amount available for appropriation
Appropriated as follows:
Ordinary dividends:
2015 final tax exempt dividend of 18 cents
2016 interim tax exempt dividend of 18 cents
2016 final tax exempt dividend of 18 cents
2017 interim tax exempt dividend of 18 cents
BANK
2017
$’000 2016
$’000 2017
$’000 2016
$’000
4,146,438
20,259,830
24,406,268 3,473,092
18,401,132
21,874,224 2,092,323
11,330,145
13,422,468 2,287,305
10,592,552
12,879,857
–
–
(753,830)
(754,332) (741,004)
(752,838)
–
– –
–
(753,830)
(754,332) (741,004)
(752,838)
–
–
Preference dividends:
Class M 4.0% tax exempt (2016: 4.0% tax exempt) (43,068) (40,110) (43,068) (40,110)
Distributions for other equity instruments:
3.80% perpetual capital securities (19,000) (19,052) (19,000) (19,052)
Transfer from/(to):
Capital reserves (Note 14)
General reserves (Note 15.1) 193,643
(3,570) (61,676)
3,317 –
3,977 –
3,317
Defined benefit plans remeasurements
Transactions with non-controlling interests (1,609)
(7,204)
(1,388,970) 2,404
(5,435)
(1,614,394) (30)
–
(1,566,283) (25)
–
(1,549,712)
At 31 December (Note 15) 23,017,298 20,259,830 11,856,185 11,330,145
At the annual general meeting to be held, a final tax exempt dividend of 19 cents per ordinary share in respect of the financial year
ended 31 December 2017, totalling $795.5 million, will be proposed. The dividends will be accounted for as a distribution in the
2018 financial statements.
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
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