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the Grenadines Ltd.
from 2022 Annual Report
by BOSVG
Notes to the Consolidated Financial Statement
For the Year Ended December 31, 2022
(in Eastern Caribbean dollars) 26.
The Group operates a defined contribution pension plan for its employees. The plan provides for : contributions at the rates of 5% and 3%, of basic remunerations, by the Group and employees, respectively ; and normal retirement on attainment of employees’ 60th birthday. The Group’s contributions become fully vested in employees after 5 years membership.
Tax on the Group’s profit before taxation differs from the theoretical amount that would arise using the statutory tax rate o f 30% (2021: 30%) as follows:
Earnings per share (EPS) are calculated by dividing the profit for the year attributable to shareholders by the weighted aver age number of ordinary shares in issue during the year.
