Baker Technology LimitedAnnual Report 2014
135
29.
Capital management
The capital includes cashwhich is disclosed inNote 21.
The primary objective of the Group’s capital management is to ensure that it maintains a strong credit
rating, healthy cash flows and loans andborrowings at an acceptable level inorder to support its business
andmaximise shareholder value.
TheGroup is not subject to any externally imposed capital requirements.
The Group manages its capital structure and makes adjustments to it, in light of changes in economic
conditions. To maintain or adjust the capital structure, the Group may adjust the dividend payment to
shareholders, or issue new shares. No changes weremade in the objectives, policies or processes during
the years ended 31December 2014 and 31December 2013.
30.
Dividend
Group andCompany
2014
2013
$
$
Declared andpaidduring the financial year:
Dividendonordinary shares:
- First and final tax exempt (one-tier) dividend for 2013:
1.0 cent (2012: 1.5 cents) per share
9,049,224
13,080,973
- Special tax exempt (one-tier) dividend for 2013: 4.0 cents
(2012: 8.5 cents)
36,196,898
74,125,513
45,246,122
87,206,486
Proposedbut not recognised as a liability as at 31December:
Dividendonordinaryshares, subject toshareholders’ approval at theAGM:
- First and final tax exempt (one-tier) dividend for 2014: 1.0 cent (2013:
1.0 cent) per share
9,230,704
8,721,408
- Special taxexempt (one-tier)dividend for2014:Nil (2013:4.0cents)pershare
–
34,885,634
9,230,704
43,607,042
31.
Authorisationof financial statements for issue
The financial statements for the financial year ended 31 December 2014 were authorised for issue in
accordancewith a resolutionof thedirectors on 6March 2015.
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31December 2014
