Annual Report 2000 in PDF - Antofagasta plc

Notes to the Financial Statements8 Dividends (continued)Sterling2000 2000 1999 1999pence perpence pershare £m share £mOrdinary dividends – equityInterim paid 13 October 2000 3.25 6.4 2.25 4.5Proposed final payable 8 June 2001– Special 12.50 24.7 – –– Ordinary 10.00 19.7 5.75 11.325.75 50.8 8.00 15.8Preference dividends – non-equity 5.00 0.1 5.00 0.1From 2001 (including the proposed final dividend for 2000 payable on 8 June 2001), ordinary dividends will be paid inboth sterling and US dollars. Further details are given in the Report of the Directors on page 26. Preference dividendscontinue to be paid in sterling.9 ReservesUS DollarsShareProfitpremium Revaluation and lossaccount reserve account TotalGroup Note US$m US$m US$m US$m1 January 2000 272.8 17.2 578.2 868.2Retained profit – – 64.3 64.3Exchange 1(e) (19.7) – 18.0 (1.7)31 December 2000 253.1 17.2 660.5 930.8SterlingANTOFAGASTA PLC Annual Report 2000ShareProfitpremium Revaluation and lossaccount reserve account TotalGroup Note £m £m £m £m1 January 2000 169.4 11.9 351.9 533.2Retained profit – – 39.8 39.8Exchange 1(e) – – 29.6 29.631 December 2000 169.4 11.9 421.3 602.652Under the transitional arrangements permitted by FRS 10 “Goodwill and Intangible Assets”, purchased goodwill eliminatedagainst the profit and loss account and negative goodwill credited to capital reserve prior to the implementation of thatstandard in 1998 were not reinstated, but will be charged or credited to the profit and loss account on disposal of thebusiness to which such goodwill relates. The cumulative amount of positive and negative goodwill written off, net of suchgoodwill which has been written back in respect of subsidiaries disposed of prior to 31 December 2000, is US$7.7 million(£5.0 million; 1999 – US$7.7 million; £5.0 million).