110
STAMFORD LAND CORPORATION LTD
Notes to Financial Statements
27
OTHER RESERVES (CONT’D)
THE GROUP
THE COMPANY
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Foreign currency translation reserve
Beginning of financial year
(16,407)
19,916
–
–
&YDIBOHF EJGGFSFODFT PO
consolidation of foreign subsidiaries
(1,610)
(18,242)
–
–
&YDIBOHF EJGGFSFODFT PO GPSFJHO DVSSFODZ
loans forming part of net investment in
foreign operations
(6,965)
(18,081)
–
–
&OE PG GJOBODJBM ZFBS
(24,982)
(16,407)
–
–
Asset revaluation reserve
Beginning of financial year
–
–
–
–
Fair value gain (Note 22)
3,300
–
–
–
&OE PG GJOBODJBM ZFBS
3,300
–
–
–
28
DIVIDENDS
THE GROUP
2016
2015
$’000
$’000
Final tax exempt (one-tier) dividend paid in respect
of previous year of 2 cents (2015: 2 cents) per share
17,279
17,276
Special tax exempt (one-tier) dividend paid in respect
of previous year of 1 cent (2015: 1 cent) per share
8,640
8,639
25,919
25,915
At the Annual General Meeting on 28 July 2016, a final dividend of 0.5 cent per share amounting to
a total of $4,320,000 will be recommended. These financial statements do not reflect this dividend,
XIJDI XJMM CF BDDPVOUFE GPS JO TIBSFIPMEFSTō FRVJUZ BT BO BQQSPQSJBUJPO PG SFUBJOFE QSPGJUT JO UIF
financial year ending 31 March 2017.
