124 MEGACHEM LIMITED Notes to The Financial Statements 31 December 2024 10. Earnings per share Basic earnings per share is calculated by dividing the net profit attributable to equity holders of the Company by the weighted average number of ordinary shares of no par value in issue during the reporting year. Group 2024 2023 The calculation of earnings per share is based on the following: Net profit/(loss) for the year attributable to equity holders of the Company ($) 7,905,459 (5,907,704) Weighted average number of ordinary shares on issue for basic earnings per share 133,300,000 133,300,000 The Group and Company do not have any discontinued operations. There is no dilution of earnings per share as there are no dilutive potential ordinary shares outstanding as at the year end. The denominators used are the same as those detailed above for both basic and diluted earnings per share. 11. Property, plant and equipment Freehold land Freehold buildings Buildings on leasehold land Machinery and equipment Motor vehicles Computer equipment, furniture and fixtures Construction in progress Total Group $ $ $ $ $ $ $ $ Cost: At 1 January 2023 2,930,887 5,661,430 10,534,166 5,253,283 1,631,894 4,996,615 – 31,008,275 Currency translation differences (161,939) (320,809) (7,354) (30,037) (21,002) (65,570) – (606,711) Additions – 288,097 – 227,193 803,549 212,016 77,435 1,608,290 Disposals/written off – – (3,228,240) (743,635) (242,645) (275,735) – (4,490,255) At 31 December 2023 2,768,948 5,628,718 7,298,572 4,706,804 2,171,796 4,867,326 77,435 27,519,599 Currency translation differences 145,998 318,105 11,605 34,317 15,862 49,562 – 575,449 Additions – 5,656 34,387 321,994 240,472 75,217 2,304,823 2,982,549 Disposals/written off (312,210) (121,415) (7,685) (15,493) (200,350) (1,465,421) – (2,122,574) At 31 December 2024 2,602,736 5,831,064 7,336,879 5,047,622 2,227,780 3,526,684 2,382,258 28,955,023 Accumulated depreciation: At 1 January 2023 – 188,913 5,588,611 4,081,335 1,227,320 4,562,920 – 15,649,099 Currency translation differences – (13,689) (2,408) (11,617) (13,288) (52,710) – (93,712) Depreciation for the year – 117,056 309,578 181,282 227,102 176,055 – 1,011,073 Disposals/written off – – (3,053,312) (277,849) (109,805) (237,339) – (3,678,305) At 31 December 2023 – 292,280 2,842,469 3,973,151 1,331,329 4,448,926 – 12,888,155 Currency translation differences – 16,384 3,000 17,737 12,382 41,514 – 91,017 Depreciation for the year – 112,140 242,778 174,181 249,534 184,851 – 963,484 Disposals/written off – (121,415) (7,685) (8,807) (200,350) (1,464,676) – (1,802,933) At 31 December 2024 – 299,389 3,080,562 4,156,262 1,392,895 3,210,615 – 12,139,723 Carrying value: At 1 January 2023 2,930,887 5,472,517 4,945,555 1,171,948 404,574 433,695 – 15,359,176 At 31 December 2023 2,768,948 5,336,438 4,456,103 733,653 840,467 418,400 77,435 14,631,444 At 31 December 2024 2,602,736 5,531,675 4,256,317 891,360 834,885 316,069 2,382,258 16,815,300
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