Singapore Press Holdings annual report 2011 Singapore Press ...

Notes to the
Financial StatementS
August 31, 2011
149
27. NET INCOME FROM INVESTMENTS
Group
2011 2010
S$’000 S$’000
Available-for-sale financial assets
Interest income 6,562 5,170
Dividend income 28,504 21,442
Net foreign exchange loss (717) (301)
Transferred from fair value reserve on disposal of investments [Note 5(c)] 3,461 4,475
Impairment of investments (4,714) (78)
33,096 30,708
Financial assets at fair value through profit or loss
Net fair value gain on internally-managed investments
- Designated upon initial recognition 2,227 4,658
Net loss from funds under management - (28)
Write-back of provision for loss on derivative financial instrument 5,168 -
Net fair value gain on derivative financial instruments 14,403 6,397
21,798 11,027
Deposits with financial institutions
Interest income 1,420 808
Net foreign exchange loss (5,963) (3,288)
(4,543) (2,480)
50,351 39,255
28. DIVIDENDS
Group and Company
2011 2010
S$’000 S$’000
Dividends paid:
- Final tax-exempt dividend of 9 cents per share
in respect of previous financial year
(2010: 9 cents per share) 144,593 144,304
- Special final tax-exempt dividend of 11 cents per share
in respect of previous financial year
(2010: 9 cents per share) 176,725 144,303
- Interim tax-exempt dividend of 7 cents per share
(2010: 7 cents per share) 112,621 112,386
433,939 400,993
(a)
(b)
The Directors have proposed a final tax-exempt (one-tier) dividend of 9 cents per share and a special
final tax-exempt (one-tier) dividend of 8 cents per share for the financial year, amounting to a total of
S$273.5 million.
These financial statements do not reflect these proposed dividends, which will be accounted for in
shareholders’ interests as an appropriation of retained profit in the financial year ending August 31,
2012 when they are approved at the next annual general meeting.