Page 48 - GMT and GMT Bond Issuer Annual Report 2017 v2

NOTES TO THE
4. UNITS,EARNINGSPERUNITANDDISTRIBUTIONS(CONTINUED) 4.2 Earnings per unit (continued)
FINANCIAL STATEMENTS
Weighted units are used to calculate basic earnings per unit. Diluted earnings per unit measures are calculated using weighted units plus any deferred units which are expected to be issued after balance date.
continued
For the year ended 31 March 2017
cents per unit 2017
Operating earnings per unit before tax 9.51 Operating earnings per unit after tax 8.28 Earnings per unit after tax 16.70
4.3 Net tangible assets
Basic
Diluted
2016 2017 2016
9.41 9.51 9.19
7.88 8.28 7.70 18.74 16.70 18.30
Diluted units, comprising issued units plus deferred units not yet issued, are used to calculate net tangible assets per unit. At 31 March 2017 there are 1,284.3 million diluted units comprising 1,280.2 million issued units and 4.1 million deferred units for Manager’s base fee units not yet issued (2016: 1,276.4 million diluted units comprising 1,273.1 million issued units and 3.3 million deferred units for Manager’s base fee units not yet issued).
Net tangible assets ($ million)
Net tangible assets per unit (cents)
4.4 Distributions
Distributions relating to the period (cents per unit) Distributions paid in the period (cents per unit)
Distributions relating to the period ($ million) Distributions paid in the period ($ million)
2017 2016
1,674.9 1,536.2 130.4 120.4
2017 2016
6.65 6.65 6.65 6.60
85.0 82.6 85.0 82.0
ACCOUNTING POLICIES
Distributions are recognised in equity in the period in which they are paid.
SUBSEQUENT EVENT
On 17 May 2017 a cash distribution of 1.6625 cents per unit with 0.2315 cents per unit of imputation credits attached was declared. The record date for the distribution is 8 June 2017 and payment will be made on 22 June 2017.
GOODMAN PROPERTY TRUST ANNUAL REPORT 2017 FINANCIAL STATEMENTS
46 NOTES TO THE FINANCIAL STATEMENTS