215 SWIRE PROPERTIES ANNUAL REPORT 2024 GLOSSARY (Loss)/Earnings per share = (Loss)/Profit attributable to the Company’s shareholders Weighted average number of shares in issue during the year Return on average equity attributable to the Company’s shareholders = (Loss)/Profit attributable to the Company’s shareholders Average equity during the year attributable to the Company’s shareholders Equity attributable to the Company’s shareholders per share = Equity before non-controlling interests Number of shares in issue at the end of the year Gearing ratio = Net debt Total equity Interest cover = Operating profit Net finance charges Cash interest cover = Operating profit Total of net finance charges and capitalised interest Dividend payout ratio = Dividends paid and declared (Loss)/Profit attributable to the Company’s shareholders References in this document to Hong Kong are to Hong Kong SAR (“HKSAR”). Attributable gross rental income Gross rental income less amount shared by non-controlling interests plus the Group’s share of gross rental income of joint venture and associated companies, and adjusted with related rental concession recognised in the consolidated statement of profit or loss. Equity attributable to the Company’s shareholders Equity before non-controlling interests. Gross borrowings Total of loans, bonds and overdrafts. Net assets employed Total equity plus net debt. Net debt Total borrowings and lease liabilities less short-term deposits and bank balances. Underlying profit Reported profit adjusted principally for the impact of (i) changes in the fair value of investment properties, (ii) deferred tax on investment properties and (iii) amortisation of right-of-use assets reported under investment properties. Recurring underlying profit Underlying profit adjusted for significant credits and charges of a non-recurring nature, including gains or losses on the sale of interests in investment properties. Ratios