axiata group berhad | annual report 2015
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42. RELATED PARTY TRANSACTIONS (CONTINUED)
The outstanding balances as at reporting date are disclosed in Note 26 and Note 31 to the financial statements.
Group
Company
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
(g) Key management compensation short term employee benefits:
- Salaries, allowances and bonus
18,578
19,312
18,578
19,312
- Ex-gratia payments
-
1,000
-
1,000
- Contribution to EPF
2,132
2,629
2,132
2,629
- Estimated money value of benefits
44
51
44
51
- Other staff benefits
285
215
285
215
Share- based compensation:
- ESOS and RSA expenses
1,797
5,497
1,797
5,497
Included in key management compensation is the Executive Directors’ remuneration of the Company as disclosed in Note 7(d) to the financial
statements.
43. DIVIDENDS
Tax exempt dividend under single tier system
2015
2014
Type
Per ordinary
share of
RM1 each
Total
Type
Per ordinary
share of
RM1 each
Total
Sen
RM’000
Sen
RM’000
In respect of financial year ended
31 December:
- 2013
-
-
-
Final
14
1,198,932
- 2014
1
Final
14
1,205,001
Interim
8
686,063
- 2015
2
Interim
8
696,485
-
-
-
22
1,901,486
22
1,884,995
1
Out of the total dividend distribution, a total RM575.4 million was converted into 94.6 million new ordinary shares of the Company at a conversion
price of RM6.08 per ordinary share as disclosed in Note 13 to the financial statements pursuant to DRS of the Company.
2
Out of the total dividend distribution, a total RM603.9 million was converted into 108.8 million new ordinary shares of the Company at a conversion
price of RM5.55 per ordinary share as disclosed in Note 13 to the financial statements pursuant to DRS of the Company.
The Board of Directors has recommended a final tax exempt dividend under the single tier system of 12 sen per ordinary share of RM1 each of the
Company in respect of financial year ended 31 December 2015 amounting to a total of RM1,058.0 million, based on the issued and paid-up capital of
the Company as at 31 December 2015. The proposed dividend is subject to approval by the shareholders at the forthcoming Annual General Meeting
(“AGM”).
The Board of Directors also determined that the Company’s DRS will apply to the Proposed Final Dividend. This will be subject to the approval of
shareholders at the forthcoming AGM for the renewal of the authority for the Directors of the Company to allot and issue the new ordinary shares
pursuant to the DRS and the approval of Bursa Securities Berhad.
