KINGSMEN CREATIVES LTD
ANNUAL REPORT
2014
87
Notes to the Financial Statements
31 December 2014
29.
Dividends
Group and Company
2014
2013
$’000
$’000
Declared and paid during the year
Dividends on ordinary shares
- Interim tax exempt one-tier dividend for 2014: $0.015
(2013: $0.015) per ordinary share
2,919
2,899
- Final tax exempt one-tier dividend for 2013: $0.025
(2012: $0.025) per ordinary share
4,863
4,826
7,782
7,725
Proposed but not recognised as a liability as at 31 December
Dividends on ordinary shares, subject to shareholders’
approval at the Annual General Meeting
- Final tax exempt one-tier dividend for 2014: $0.025
(2013: $0.025) per ordinary share
4,864
4,833
30.
Financial instruments: information on financial risks
Classification of financial assets and liabilities
The carrying amounts of financial assets and liabilities recorded at the end the reporting year are as follows:
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Financial assets
Loans and receivables
- Trade and other receivables
93,165
96,676
5,150
4,600
- Cash and cash equivalents
82,972
63,722
6,288
5,454
Available-for-sale financial assets
- Unquoted equity shares
38
580
38
580
Held-to-maturity investment
- 4% p.a. US bonds due on
23 October 2017 (quoted)
1,055
1,055
1,055
1,055
At end of the year
177,230
162,033
12,531
11,689
Financial liabilities
Financial liabilities at amortised cost
- Trade and other payables
99,714
98,074
1,642
1,442
- Other financial liabilities
6,514
4,562
–
–
At end of the year
106,228
102,636
1,642
1,442
Further quantitative disclosures are included throughout these financial statements.
Fair values of financial instruments
The analyses of financial instruments that are measured subsequent to initial recognition at fair value are disclosed
in the relevant notes to the financial statements. These include both the significant financial instruments stated at
amortised cost and at fair value in the statements of financial position. The carrying amounts of current financial
instruments approximate their fair values due to the short-term maturity of these instruments and the disclosures of
fair value are not made when the carrying amount of current financial instruments is a reasonable approximation of
the fair value.
