Page 252 - Capricorn IAR 2020

GLOSSARY OF TERMS ANNUAL FINANCIAL GLOSSARY OF TERMS STATEMENTS
NOTES TO THE CONSOLIDATED AND SEPARATE ANNUAL FINANCIAL STATEMENTS (continued)
for the year ended 30 June 2020
35. DISTRIBUTABLE RESERVES (continued)
35.5 Share-based compensation reserve
Balance as at 1 July
Share-based payment charges recognised in equity Vesting of shares
Balance as at 30 June
The share-based compensation reserve is used to recognise:
• the grant date fair value of share appreciation
rights issued to employees but not exercised (refer
to note 33)
• the grant date fair value of conditional shares issued
to employees (refer to note 33)
Total distributable reserves
36. DIVIDENDS PER SHARE
Normal dividends amounting to N$342.7 million
(2019: N$311.5 million) were declared and paid by the company during the year under review. The normal dividends declared represent interim and final dividends per share as follows:
Declared during the financial year
Interim dividend per share (cents)
Declared after the financial year
Final dividend per share (cents)* Total dividend per share (cents)
Dividends declared during the year Dividends paid during the year
Dividends payable at year-end
Group
Company
2019 N$’000
10,640 5,081
(799) 14,922
902,763
30
36
66
311,511 (311,511)
–
2020 N$’000
2020 N$’000
23,221
16,847 11,802
(5,428)
14,922
12,480
(6,496)
6,832
(1,220)
29,205
23,221
20,534
5,555,410
5,009,140
745,122
30
20
50
363,218
(363,218)
324,957 (324,957)
342,662
(342,662)
–
–
–
2019 N$’000
250
* Refer also to events subsequent to year-end in the directors’ report for details of the final dividend declared after year-end.