Sunny Tew
Sunny Tew
Sunny Tew
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
NOTES TO THE FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2007 (Continued)25. Dividends2007 2006$ $A first and final dividend paid of Nil (2006: 1.25 cents) per ordinary share, less income tax at 20% for the financial year - 1,754,319A special dividend paid of 4 cents (2006: 0.3125 cents) per ordinary share consisting of 3.95 cents frankable dividends and 0.05 centsone-tier tax exempted dividends 7,413,784 438,5807,413,784 2,192,899The Directors of the Company recommended a special dividend in respects of financial year ended 30 September 2007 as follows:$Final tax-exempted dividend of 1 cent per ordinary share 3,185,240Special tax-exempt dividend of 0.25 cent per ordinary share 796,3103,981,550The proposed dividend:(i)(ii)(iii)is subject to the approval by the members of the Company at the forthcoming Annual General Meeting.is not accrued as a liability in the balance sheet in the current financial year in accordance with FRS 10 – Events After Balance Sheet Date; andwill be based on the issued share capital of the Company as at books closure date.HG METAL MANUFACTURING LIMITED ANNUAL REPORT 200789