Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I would like to know if the disclosure of dividends in the picture complies with the requirements of the relevant accounting standards 4.6 DIVIDENDS Consolidated
I would like to know if the disclosure of dividends in the picture complies with the requirements of the relevant accounting standards
4.6 DIVIDENDS Consolidated Group 2020 $'000 $'000 2021 Parent Entity 2021 $'000 2020 $'000 33,281 33,281 Final fully franked ordinary dividend for the year ended 30 June 2020 of $Nil (2019: $0.40) per share franked at the tax rate of Nil (2019: 30%) Interim fully franked ordinary dividend for the year ended 30 June 2021 of $0.302 (2020: $0.34) per share franked at the tax rate of 30% (2020: 30%) 23,369 26,310 23,369 26,310 23,369 59,591 23,369 59,591 Franking credits available for subsequent financial years based on a tax rate of 30% (2020 30%) 112,284 91,455 112,284 91,455 Dividends are brought to account when declared and appropriately authorised before the end of the financial year but not distributed at reporting date. The consolidated amounts include franking credits that would be available to the parent entity if distributable profits of subsidiaries were paid as dividends. 4.6 DIVIDENDS Consolidated Group 2020 $'000 $'000 2021 Parent Entity 2021 $'000 2020 $'000 33,281 33,281 Final fully franked ordinary dividend for the year ended 30 June 2020 of $Nil (2019: $0.40) per share franked at the tax rate of Nil (2019: 30%) Interim fully franked ordinary dividend for the year ended 30 June 2021 of $0.302 (2020: $0.34) per share franked at the tax rate of 30% (2020: 30%) 23,369 26,310 23,369 26,310 23,369 59,591 23,369 59,591 Franking credits available for subsequent financial years based on a tax rate of 30% (2020 30%) 112,284 91,455 112,284 91,455 Dividends are brought to account when declared and appropriately authorised before the end of the financial year but not distributed at reporting date. The consolidated amounts include franking credits that would be available to the parent entity if distributable profits of subsidiaries were paid as dividendsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started