77 l BRADKEN LIMITED ANNUAL REPORT 2014
Notes to the consolidated financial statements
30 June 2014
(continued)
24 Dividends
2014
2013
$'000
$'000
(a) Ordinary shares
30,463
36,255
25,386
33,848
55,849
70,103
48,249
58,598
7,600
11,505
55,849
70,103
(b) Dividends not recognised at year end
18,813
30,463
(c) Franked dividends
2014
2013
2014
2013
$'000
$'000
$'000
$'000
-
5,917
-
5,917
The above amounts represent the balance of the franking account as at the end of the financial year, adjusted for:
(a) franking credits that will arise from the payment of the amount of the provision for income tax
(b) franking debits that will arise from the payment of dividends recognised as a liability at the reporting date, and
(c) franking credits that will arise from the receipt of dividends recognised as receivables at the reporting date.
Interim dividend for the year ended 30 June 2014 of 15.0 cents (2013: 20.0 cents) per fully paid
share paid 21 March 2014 (2013: 14 March 2013)
Fully franked based on tax paid @ 30%
Total dividends provided for or paid
Dividends paid in cash or satisfied by the issue of shares under the dividend reinvestment plan
during the years ended 30 June 2013 and 30 June 2014 were as follows:
Final dividend for the year ended 30 June 2013 of 18.0
cents (2012: 21.5 cents) per fully paid
share paid on 13 September 2013 (2012: 4 September 2012)
Fully franked based on tax paid @ 30%
Satisfied by issue of shares
In addition to the above dividends, since year end the directors have recommended the payment
of an unfranked final dividend of 11.0 cents per fully paid ordinary share, (2013: 18.0 cents
franked to 100% based on tax paid at 30%). The aggregate amount of the proposed dividend
expected to be paid on 9 September 2014 out of retained profits at 30 June 2014, but not
recognised as a liability at year end, is
Paid in cash
Franking credits available for subsequent financial years based
on a tax rate of 30% (2013: 30%)
There will be no impact on the franking account of the dividend recommended by the directors since year end, but not recognised
as a liability at year end (2013: reduction $13,056,000).
Parent entity
Consolidated
Page 77
Bradken Limited
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
(CONTINUED)
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