annual report 2011

IOOF | annual report 2011
29 Dividends
The following dividends were declared and paid by the Group:
2011
Cents per
share
Total
amount
$’000
Date of
payment
Franked /
Unfranked
Final 2010 dividend 18.0 41,443 13 October 2010 Franked
Interim 2011 dividend 21.0 48,492 23 March 2011 Franked
39.0 89,935
2010
Special dividend 13.0 29,877 31 July 2009 Franked
Final 2009 dividend 4.0 9,193 16 October 2009 Franked
Interim 2010 dividend 17.0 39,127 24 March 2010 Franked
34.0 78,197
Franked dividends declared or paid during the year were franked at the tax rate of 30 per cent.
Dividend amounts are inclusive of any dividends paid on Treasury Shares.
After 30 June 2011 the following dividends were declared by the directors. The dividends have not been provided for and there are no
income tax consequences.
Cents per
share
Total
amount
$’000
Date of
payment
Franked /
Unfranked
Final 2011 dividend 22.0 51,019 20 October 2011 Franked
Company
2011 2010
$’000 $’000
Dividend franking account
30 per cent franking credits available to shareholders of IOOF Holdings Ltd for subsequent financial years 13,920 39,002
The above available amounts are based on the balance of the dividend franking account at year-end adjusted for:
a franking credits that will arise from the payment of the current tax liabilities; and
b franking credits that the entity may be prevented from distributing in subsequent years.
The ability to utilise the franking credits is dependent upon there being sufficient available profits to declare dividends. The impact
on the dividend franking account of dividends declared after the balance date but not recognised as a liability is to reduce it by
$21,865,000 (2010: $17,755,000).
30 Earnings per share
Consolidated
2011 2010
cents
cents
Basic earnings per share 43.1 33.7
Diluted earnings per share 42.9 33.6
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