Notes to the Financial Statements
2.3 Dividends
Consolidated and Company 2024 2023 Per share $'000 Per share $'000
Dividend payments on Ordinary shares 2024 interim dividend (2023: nil) (cps)
1.5 9,916 3.0 19,831 4.5 29,747
—
—
2023 final dividend (2023: 2022 final dividend) (cps)
2.0 13,220 2.00 13,220
Total dividends on ordinary shares paid to owners of the Company Dividends not recognised in the consolidated statement of financial position Dividends declared since balance date 2024 final dividend (2023: 2023 final dividend) (cps) Dividend franking account Amount of franking credit available for subsequent reporting periods based on a tax rate of 30% (2023: 30%)
1.7 11,067
3.0 19,831
14,006
27,238
The Directors have declared a fully franked $11.1 million final cash dividend for the year ended 30 June 2024 (2023: $19.8 million), equivalent to 1.7 cents per share. This brings the total dividends paid in respect of FY24 to 3.2 cents per share, comparing with dividends of 3.0 cents per share for FY23. The dividend reinvestment plan ( DRP ) has been reinstated and will operate for the FY24 final dividend. The franking account balance is calculated from the balance of the franking account as at the end of the reporting period, adjusted for franking credits and debits that will arise from the settlement of liabilities or receivables for income tax and dividends (including dividends declared but not recognised in the financial statements) (FY24 dividend franking account has been reduced by the franking credit related to dividend declared but not recognised in the financial statement). The ability of the Company to continue to pay franked dividend is dependent upon the receipt of franked dividends from its investment assets and the group itself paying tax.
2.4 Fee and other revenue
Consolidated
Company
2024 2023 $'000 $'000 $'000 $'000 2023 2024
Funds management fees
6
4
—
—
Other income
31
68 72
— 107 — 107
37
Total fee and other revenue
Investment management and related fees Fees are charged to customers in connection with the provision of investment management and other related services. These performance obligations are satisfied on an ongoing basis, usually daily, and recognised when it becomes highly probable that the performance obligations will be met and a reversal will not occur in the future.
98
ClearView Annual Report 2024
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