Annual Report 2012 - singapore land limited

Singapore Land Limited - Annual Report 2012
83
NOTES TO THE FINANCIAL STATEMENTS
For the fi nancial year ended 31 December 2012
24. SHARE CAPITAL
The Group and the Company
2012 2011
No. of
No. of
ordinary
ordinary
shares Amount shares Amount
’000 $’000 ’000 $’000
Beginning and end of fi nancial year 412,478 840,349 412,478 840,349
All issued shares are fully paid. There is no par value for these ordinary shares.
25. DIVIDENDS
The Group and the
Company
2012 2011
$’000 $’000
Final tax-exempt (one-tier) dividend paid in respect of the
previous fi nancial year of 20 cents per share (2011: 20 cents per share) 82,496 82,496
At the Annual General Meeting to be held on 26 April 2013, a fi nal tax-exempt (one-tier) dividend of 20 cents per
share amounting to $82,496,000 will be recommended. The amount will be accounted for in shareholders’ equity
as an appropriation of retained earnings in the fi nancial year ending 31 December 2013.
26. RETAINED EARNINGS
(a)
(b)
Retained earnings of the Group included accumulated fair value gains on investment properties held
by subsidiary and associated companies net of non-controlling interests amounting to $2,652,408,000
(restated 2011: $2,463,953,000).
Movement in retained earnings for the Company is as follows:
The Company
2012 2011
$’000 $’000
Beginning of fi nancial year 226,315 223,426
Total comprehensive income – net profi t 86,847 85,385
Dividends paid (note 25) (82,496) (82,496)
End of fi nancial year 230,666 226,315