Notes to the financial statements Year ended 31 December 2024 24. EARNINGS PER UNIT Basic earnings per Unit The calculation of basic earnings per Unit is based on weighted average number of Units during the year and total return for the year after taxation and non-controlling interest before distribution. Group 2024 2023 $’000 $’000 Total return for the year after taxation and non-controlling interest before distribution (14,682) 40,826 Less: Total return attributable to perpetual securities holders (3,384) (3,375) Total return attributable to Unitholders (18,066) 37,451 Trust Number of Units Number of Units 2024 2023 ’000 ’000 Issued Units at beginning of year 1,688,862 1,673,893 Effect of creation of new Units: – Distribution to Unitholders in respect of distribution reinvestment plan 11,812 1,118 – Manager’s management fees paid/payable in Units 4,121 8,548 Weighted average number of issued and issuable Units at end of the year 1,704,795 1,683,559 Diluted earnings per Unit Diluted earnings per Unit is calculated based on total return for the year after taxation and non-controlling interest and weighted average number of Units outstanding during the period, adjusted for the effects of all dilutive potential Units. Trust Number of Units Number of Units 2024 2023 ’000 ’000 Issued Units at beginning of year 1,688,862 1,673,893 Effect of creation of new Units: – Distribution to Unitholders in respect of distribution reinvestment plan 11,812 1,118 – Manager’s management fees paid/payable in Units 23,680 24,515 Weighted average number of issued and issuable Units at end of the year 1,724,354 1,699,526 25. RELATED PARTY TRANSACTIONS For the purposes of these financial statements, parties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group and the party are subject to common significant influence. Related parties are entities which are direct or indirect wholly owned subsidiaries of CLG. In the normal course of the operations of the Trust, the Manager’s management fees and the Trustee’s fees have been paid or are payable to the Manager and Trustee respectively. The property management fees, reimbursables and project management fees have been paid or are payable to the Property and Project Managers respectively. 144 CapitaLand China Trust
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