137 / 152
Notes to the
financial statements
For the financial year ended 31 December 2018
135
A N N U A L R E P O R T
2 0 1 8
29.
Capital management
The capital includes cash which is disclosed in Note 20.
The primary objective of the Group’s capital management is to ensure that it maintains a strong
credit rating, healthy cash flows and loans and borrowings at an acceptable level in order to
support its business and maximise shareholder value.
The Group 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 were made in the objectives, policies or
processes during the years ended 31 December 2018 and 31 December 2017.
30.
Dividend
Group and Company
2018
2017
$’000
$’000
Declared and paid during the financial year:
Dividend on ordinary shares:
– First and final tax exempt (one-tier) dividend for 2016:
1.25 cents per share
–
2,536
Proposed but not recognised as a liability as at 31 December:
Dividend on ordinary shares, subject to shareholders’
approval at the AGM:
– First and final tax exempt (one-tier) dividend for 2018: 0.5 cent
(2017: Nil) per share
1,014
–
31.
Authorisation of financial statements for issue
The financial statements for the financial year ended 31 December 2018 were authorised for issue
in accordance with a resolution of the directors on 15 March 2019.