Page 119 - Demo
P. 119


                                    GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2021 117GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2021(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)23. Capital commitment and contingencies (continued)Operating lease commitments %u2013 Group as lessorThe Group is involved in leases on transmission towers and investment properties. Future minimum rentals receivable under non-cancellable operating leases as at 31 December are, as follows:24. Earnings per shareAs described in Note 2 (xviii), basic earnings per share is computed by relating net income attributable to ordinary shareholder (net of preference shares) to the weighted average number of shares outstanding during the year. The weighted average number of shares has been adjusted for the removal of treasury shares. Basic earnings per share has been computed as follows:2021 2020$ $Within one year 1,045 1,005Within 2 to 5 years 4,102 4,036 5,147 5,0412021 2020$ $Net profit attributable to ordinary shareholders 4,202 4,693Less preference share dividend (88) (73)Profit available to ordinary shareholders 4,114 4,620Weighted average number of shares ('000)(adjusted for treasury shares) 39,900 39,900Basic and diluted earnings per share 10 cents 12 centsThe company has no dilutive potential ordinary shares in issue.
                                
   113   114   115   116   117   118   119   120   121   122   123