Rangatira Annual Report 2025 - Flipbook - Page 53
Annual Report 2025
Note 10 Earnings per share
Accounting policy
Basic earnings per share is calculated by dividing the profit or loss attributable to ordinary shareholders of the
Company by the weighted average number of ordinary shares outstanding during the period. There are no
dilutive equity instruments in the Company so basic earnings per share and diluted earnings per share are the
same.
The weighted average number of shares reflects changes in the number of shares during the year due to share
issues, treasury stock purchases or other equity transactions. This has been calculated based on the dates
treasury stock purchases were made. 2,000 “A’ shares and “6,000” B shares were purchased between the 12 and
31 March 2025.
2025
$000
2024
$000
Profit attributable to shareholders of Rangatira Limited ($000)
99,320
16,166
Weighted average number of shares (‘000)
20,925
20,937
Earnings per share (cents)
474.64
77.21
2025
$000
2024
$000
Note 11 Dividends to the Company’s shareholders
Amount paid (cents per share)
Amount paid ($000)
76
74
15,918
15,499
Note 12 Other Financial Assets
Classification of loans receivable at amortised cost
Term deposits and loans receivable are at amortised cost because they are held solely for payments of principal
and interest, and do not include features outside a normal lending arrangement. They are recorded at amortised
cost less impairment. For performing loans receivable where the credit risk is in line with the original expectations,
the Group applies the 12 month expected credit losses (ECL) model. Where the expected lifetime of an asset
is less than 12 months, ECLs are measured at its expected lifetime. For underperforming loans receivable, a
significant increase in credit risk is presumed if interest and/or principal repayments are 30 days past due. For
such loans, Rangatira applies a lifetime expected losses approach to calculate the ECL provision.
Loans made to related parties are made for the purpose of providing support to the equity position Rangatira
holds in those entities. Loans made to subsidiaries were previously eliminated on consolidation.
2025
$000
2024
$000
Other financial assets held at amortised cost
Current accounts with related parties
5,517
-
Loans to related parties
9,144
2,232
Loans to other parties
3,321
3,189
17,982
5,421
-
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Total other financial assets
17,982
5,473
Current
13,409
553
Non-current
4,573
4,920
17,982
5,473
Financial assets held at fair value through profit or loss
Foreign currency forward contracts
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