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Whitehaven Coal Limited : Annual Report 2012
118 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2012 26. SHARE CAPITAL AND RESERVES (CONTINUED) f) Dividends Consolidated In thousands of AUD 2012 2011 Recognised amounts Declared and paid during the year: Final franked dividend for 2011: 4.1c (2010:2.8c) 20,273 13,822 Interim franked dividend for 2012: nil (2011: 3.3c) -- 16,295 Special franked dividend for 2012: 50.0c (2011: nil) 251,992 -- 272,265 30,117 Unrecognised amounts Final franked dividend for 2012: 3.0c (2011: 4.1c) 29,375 20,273 The above final dividend was declared after the year end. These amounts have not been recognised as a liability in the financial statements for the year ended 30 June 2012 but will be brought to account in the year ending 30 June 2013. Dividend franking account The Company In thousands of AUD 2012 2011 30 per cent franking credits available to shareholders of Whitehaven Coal Limited for subsequent financial years 14,779 101,723 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 (2011: $nil) franking credits. The Company In thousands of AUD 2012 2011 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 (12,589) (8,689)
Annual Report 2011
Annual Report 2013