NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) B5 Earnings per share (continued) Diluted earnings per share When calculating diluted earnings per share, the weighted average number of ordinary shares is adjusted for the effect of all dilutive potential ordinary shares. The Group has two categories of dilutive potential ordinary shares from performance share plans and restricted share plans (2023: two categories of dilutive potential ordinary shares from performance share plans and restricted share plans). The weighted average number of ordinary shares adjusted for the dilutive potential shares is as follows: Company 2024 2023 ’000 ’000 Number of shares Weighted average number of ordinary shares (used in the calculation of basic earnings per share) 3,116,792 3,115,486 Adjustment for dilutive potential ordinary shares 25,122 22,599 Weighted average number of ordinary shares (diluted) during the year 3,141,914 3,138,085 B6 Taxation (i) Tax expenses Group 2024 2023 $’000 $’000 Current income tax Current year 174,406 200,475 Overprovision in respect of prior years (5,100) (7,274) 169,306 193,201 Deferred income tax Current year (25,217) (87,238) Overprovision in respect of prior years (10,167) (5,415) Effect of change in tax rates (442) (763) (35,826) (93,416) 133,480 99,785 150 ST ENGINEERING | ANNUAL REPORT 2024
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