Annual Report 2007 - Investing In Africa
Annual Report 2007 - Investing In Africa
Annual Report 2007 - Investing In Africa
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<strong>Annual</strong> <strong>Report</strong> <strong>2007</strong><br />
Notes to the Consolidated<br />
Financial Statements (continued)<br />
33. Dividends Per Share<br />
Final dividends are not accounted for until they have been ratified at the <strong>Annual</strong> General Meeting.<br />
At the forthcoming annual general meeting, a dividend of in respect of <strong>2007</strong> of 2 cents per share<br />
(2006: 1.5 cents per share) is to be proposed. This amounts to a total of US$26.9 million (2006:<br />
US$18.3 million). The financial statements for the year ended 31 December <strong>2007</strong> do not reflect these<br />
dividends, which will be accounted for in the shareholder's equity as an appropriation of retained<br />
profits in the year ending 31 December 2008.<br />
34. Cash and Cash equivalents<br />
For the purposes of the cash flow statement, cash and cash equivalents comprise the following<br />
balances with less than three months maturity from the date of acquisition<br />
Year ended 31 December<br />
<strong>2007</strong> 2006<br />
US$'000<br />
US$'000<br />
Cash and balances with central banks (Note 11) 790,983 176,325<br />
Treasury Bills and other eligible bills (Note 12) 291,266 137,345<br />
Deposits with other banks (Note 13) 236,571 218,443<br />
Deposits from other banks (Note 21) (462,666) (118,617)<br />
856,154 413,496<br />
108
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