Singapore legislation
Regulation 27
of Presidential Elections (Certificate of Eligibility) Regulations 2017
Regulation 27
Definition of profit after tax
Subregulation 1
If a company is not the parent of a group, the amount of profit after tax that the company makes for a period is the amount of profit after tax measured at the company level for that period, and includes losses after tax.
Subregulation 2
If a company is the parent of a group, the amount of profit after tax that the company makes for a period is the amount of consolidated profit after tax attributable to the owners of the company and to any non-controlling or minority interests in the group for that period, and includes consolidated losses after tax.
Subregulation 3
The terms used in the definitions in paragraphs (1) and (2) are to be interpreted in accordance with the Singapore Accounting Standards, as applied by the company for the relevant period.