Sun Art Retail Group Limited - TodayIR.com

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 22 CAPITAL, RESERVES AND DIVIDENDS (CONTINUED) (b) Dividends (i) Dividends payable to equity shareholders of the Company attributable to the year: 2012 2011 RMB million RMB million Final dividend proposed after the end of the reporting period of HKD0.12 (equivalent to RMB0.10) per ordinary share (2011: HKD0.10 (equivalent to RMB0.08) per ordinary share) 926 775 926 775 The final dividend proposed after the end of the reporting period has not been recognised as a liability at the end of the reporting period. (ii) Dividends payable to equity shareholders of the Company attributable to the previous financial years, approved during the year: On 10 June 2011, the Company’s directors approved to distribute a dividend of USD174 million (equivalent to RMB1,128 million) to the Company’s shareholders at that date. A final dividend of HKD0.10 (equivalent to RMB0.08) per ordinary share amounting to RMB776 million in respect of the year ended 31 December 2011 was approved on 16 May 2012 and paid on 8 June 2012. Sun Art Retail Group Limited Annual Report 2012 95
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 22 CAPITAL, RESERVES AND DIVIDENDS (CONTINUED) (c) Share capital 2012 2011 Note No. of shares RMB million No. of shares RMB million Authorised: (i)/(ii) Ordinary shares HKD0.3 each 20,000,000,000 5,331 20,000,000,000 5,331 Ordinary shares, issued and fully paid: At 1 January 9,539,704,700 2,721 211,485,200 1,713 Issued to acquire non-controlling interests (i) – – 104,833,250 682 Share subdivision (ii) – – 7,907,961,250 – Issued upon Initial Public Offering and exercise of over-allotment option (iii) – – 1,315,425,000 326 At 31 December 9,539,704,700 2,721 9,539,704,700 2,721 The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regard to the Company’s residual assets. (i) On 13 May 2011, the shareholders approved to increase the Company’s authorised and issued share capital to US$316,318,450 by the issue of an additional 104,833,250 shares of US$1 each, as consideration for acquiring the non-controlling interests in ACHK and Concord Champion International Limited (“CCIL”), which became wholly owned subsidiaries of the Company. As the Company has taken advantage of section 48C of the Hong Kong Companies Ordinance, the excess of the fair value of the ordinary shares issued of RMB13,986 million over their RMB682 million nominal amount, less the excess of the fair value of the shares issued over the carrying value of the acquired non-controlling interests in ACHK and CCIL as at 13 May 2011 of RMB2,475 million, has been credited to the capital reserve within consolidated equity. 96 Sun Art Retail Group Limited Annual Report 2012
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Sun Art Retail Group Limited (Incor
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CORPORATE INFORMATION DIRECTORS Exe
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CHAIRMAN’S STATEMENT Dear Shareho
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CHIEF EXECUTIVE OFFICER’S STATEME
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MANAGEMENT DISCUSSION AND ANALYSIS
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REPORT OF DIRECTORS Audit Committee
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RISK FACTORS • potential growth o
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