Our dividend policy has always been consistent at a one third payout. This year the Zimbabwean profits were not considered for this payout due to the requirement for expansion capital in Zimbabwe.

 

DIVIDEND PER SHARE

 

Dividend per share is calculated based on the dividends declared during the year compared to the number of ordinary shares in issue at the time of declaration.

 

DIVIDEND INCOME

 

The group recognises dividends when the group’s right to receive payment is established. This is on the “last day to trade” for listed shares, and on the “date of declaration” for unlisted shares.

 

DIVIDENDS PAID

 

Dividends paid are recognised in equity in the period in which they are approved by the directors. Dividends declared after the reporting date are not recognised as a liability in the statements of financial position.

 

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