Reviewed condensed group financial statements and unreviewed production and sales volumes information for the year ended 31 December 2014

NOTES TO THE REVIEWED CONDENSED GROUP FINANCIAL STATEMENTSfor the year ended 31 December

11.  

Dividend distribution  

   
 

Total dividends paid by the group in 2014 amounted to R2 055 million, made up of a final dividend of R1 126 million that relates to the year ended 31 December 2013, which was paid in April 2014, as well as an interim dividend of R929 million, paid in September 2014.  

 

A final dividend for 2014 of 210 cents per share (2013: 315 cents per share) was approved by the board of directors on 3 March 2015. The dividend is payable on 20 April 2015 to shareholders who will be on the register at 17 April 2015. This final dividend, amounting to approximately R752 million (2013: R1 126 million), has not been recognised as a liability in this condensed group financial statements. It will be recognised in shareholders' equity in the year ending 31 December 2015.  

 

The dividend declared will be subject to a dividend withholding tax of 15% for all shareholders who are not exempt from or do not qualify for a reduced rate of dividend withholding tax. The total secondary tax on companies (STC) credits available for offsetting against the dividend withholding tax amount to Rnil (2013: R195 million). Exxaro company's tax reference number is 9218/098/14/4.  

    Year ended 31 December  
    2014  
Reviewed  
2013  
Audited  
  Issued share capital as at declaration date (number)  358 115 505   358 115 505  
  Ordinary shares (million)     
  – weighted average number of shares   355   355  
  – diluted weighted average number of shares   356   356