AS AT 30 JUNE 2011
76
28. Dividends
(a) Ordinary shares
Parent entity
2011
2010
$’000
$’000
Final dividend for the year ended 30 June 2010 of 4.5 cents (2010: 3 cents)
per fully paid share paid on 15 October 2010 (2010: 15 October 2009)
Fully franked based on tax paid @ 30% – 4.5 cents (2010: 3 cents) per share
12,396
7,175
Interim dividend for the year ended 30 June 2011 of 5 cents (2010: 3 cents)
per fully paid share paid 15 April 2011 (2010: 15 April 2010)
Fully franked based on tax paid @ 30% – 5 cents (2010: 3 cents) per share
13,783
7,175
26,179
14,350
(b) Dividends not recognised at year end
In addition to the above dividends, since the year end the Directors have
recommended the payment of a fnal dividend of 5.5 cents per fully paid
ordinary share (2010: 4.5 cents), fully franked based on tax paid at 30%.
The aggregate amount of the proposed dividend expected to be paid
on 13 October 2011 out of retained profts as at 30 June 2011 but not
recognised as a liability at year end is
15,196
12,187
15,196
12,187
(c) Franked dividends
Consolidated
Parent entity
2011
2010
2011
2010
$’000
$’000
$’000
$’000
Franking credits available for subsequent fnancial years
based on a tax rate of 30% (2010: 30%)
3,736
8,219
3,736
8,219
The above amounts represent the balance of the franking account as at the end of the fnancial 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 liability at the reporting date, and
(c) franking credits that will arise from the receipt of dividends recognised as receivables at the reporting date
The consolidated amounts include franking credits that would be available to the parent entity if distributable profts
of subsidiaries were paid as dividends.
The impact on the franking account of the dividend recommended by the Directors since year end, but not recognised
as a liability at year end, will be a reduction in the franking account of 6,512,601 (2010: 5,222,922).
Notes to the Financial Statements (continued)