NOTES TO
FINANCIAL STATEMENTS
December 31, 2015
128
CITIC ENVIROTECH LTD.
Annual Report
2015
36 DIVIDENDS
During the financial year, a tax exempt (1-tier) dividend of $0.005 per ordinary shares totalling
$4,816,000 on 963,361,000 shares was paid to shareholders in respect of the financial year ended
March 31, 2015. In addition, tax exempt (1-tier) dividend of $0.005 per ordinary shares totalling
$817,000 on the 164,404,000 additional shares issued during the financial year of 164,404,000 were
declared and paid during the financial year.
A tax exempt (1-tier) dividend of $1,113,000 on the perpetual capital securities were declared in
respect of the financial year ended December 31, 2015.
During the financial year ended March, 31 2015, a tax exempt (1-tier) dividend of $0.003 per ordinary
shares totalling $2,739,729 on 913,243,000 shares was paid to shareholders in respect of the financial
year ended March 31, 2014.
Subsequent to the year end, the directors of the Company propose a tax exempt (1-tier) dividend of
$0.0036 per ordinary shares totalling $4,059,954 on 1,127,765,088 shares for the financial year ended
December 31, 2015. This is subject to approval by shareholders at the Annual General Meeting and
has not been included as a liability in the financial statements.
37 OPERATING LEASE ARRANGEMENTS
Group
April 1,
April 1,
2015 to 2014 to
December
31,
March
31,
2015
2015
$’000
$’000
Minimum lease payments under operatingleases recognised as an
expense in the year
817
1,379
At the end of the reporting period, the Group and Company have outstanding commitments under
non-cancellable operating leases, which fall due as follows:
Group
Company
December
31,
March 31,
December
31,
March 31,
2015
2015
2015
2015
$’000
$’000
$’000
$’000
Future minimum lease payments payable:
Within one year
434
1,146
167
170
In the second to fifth year inclusive
149
394
20
135
Total
583
1,540
187
305
