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Whitehaven Coal Limited : Annual Report 2010
92 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2010 26. SHARE CAPITA L AND RESERVES (CONTINUED) f)D ividends Consolidated In thousands of AUD 2010 2009 Recognised amounts Declared and paid during the year: Final franked dividend for 2009: 6.0c (2008:1.7c) 28,584 6,663 Interim franked dividend for 2010: 2.8c (2009: 2.5c) 13,819 10,178 42,403 16,841 Unrecognised amounts Final franked dividend for 2010: 2.8c (2009: 6.0c) 13,822 28,583 After the balance date the above dividends were proposed for approval at the Company's Annual General Meeting. These amounts have not been recognised as a liability in the financial statements for the year ended 30 June 2010 but will be brought to account in the year ending 30 June 2011. Dividend franking account Company In thousands of AUD 2010 2009 30 per cent franking credits available to shareholders of Whitehaven Coal Limited for subsequent financial years 143,374 102,818 The above available amounts are based on the balance of the dividend franking account at year-end adjusted for: (a) franking credits that will arise from the payment of the current tax liabilities; (b) franking debits that will arise from the payment of dividends recognised as a liability at the year end; (c) franking credits that will arise from the receipt of dividends recognised as receivables by the tax consolidated entity at the year-end; and (d) franking credits that the entity may be prevented from distributing in subsequent years. The ability to utilise the franking credits is dependent upon there being sufficient available profits to declare dividends. In accordance with the tax consolidation legislation, the Company, as the head entity in the tax-consolidated consolidated entity, has also assumed the benefit of $nil (2009: $nil) franking credits. Company In thousands of AUD 2010 2009 Impact on the franking account of dividends proposed or declared before the financial report was authorised for issue but not recognised as a distribution to equity holders during the period (5,924) (12,250)
Annual Report 2009
Annual Report 2011