Annual Report 2012

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
for the year ended 31 December 2012
14 DIVIDENDS
Dividends payable to equity shareholders of the Company attributable to the year represent:
2012 2011
RMB millions RMB millions
Dividends declared and paid during the year of RMB 0.10 per share (2011: RMB 0.10 per share) 8,682 8,670
Dividends declared after the balance sheet date of RMB 0.20 per share (2011: RMB 0.20 per share) 17,933 17,364
26,615 26,034
Pursuant to the Company’s Articles of Association and a resolution passed at the Directors’ meeting on 24 August 2012, the directors declared an
interim dividend for the year ended 31 December 2012 of RMB 0.10 (2011: RMB 0.10) per share totalling RMB 8,682 million (2011: RMB 8,670
million) and the dividends were paid on 26 September 2012.
Pursuant to a resolution passed at the director’s meeting on 22 March 2013, final dividends in respect of the year ended 31 December 2012 were
proposed for shareholders’ approval at the Annual General Meeting, including a cash dividend of RMB 0.20 (2011: RMB 0.20) per share totalling
RMB 17,933 million (2011: RMB 17,364 million); and a bonus shares dividend in the proportion of 2 for every 10 shares (2011: nil). Final cash
dividend proposed after the balance sheet date has not been recognised as a liability at the balance sheet date.
Dividends payable to equity shareholders of the Company attributable to the previous financial year, approved and paid during the year represent:
2012 2011
RMB millions RMB millions
Final dividends in respect of the previous financial year, approved and paid during the year
of RMB 0.20 per share (2011: RMB 0.13 per share) 17,364 11,271
Pursuant to the shareholders’ approval at the Annual General Meeting on 11 May 2012, a final dividend of RMB 0.20 per share totalling RMB
17,364 million in respect of the year ended 31 December 2011 was declared and paid on 30 June 2012.
Pursuant to the shareholders’ approval at the Annual General Meeting on 13 May 2011, a final dividend of RMB 0.13 per share totalling RMB
11,271 million in respect of the year ended 31 December 2010 was declared and paid on 30 June 2011.
155
CHINA PETROLEUM & CHEMICAL CORPORATION Annual Report 2012
Financial Statements (International)