Notestothefinancialstatements
For the financial year ended31December 2015
26.
Fairvalueof financial instruments (cont’d)
C.
Fairvalueof financial instruments that arenot carriedat fairvalueandwhosecarryingamountsarenot reasonableapproximationof fairvalue
GroupandCompany
2015
2014
$’000
$’000
Non-current:
Available-for-sale financial assets
– Equity securities (unquoted)
962
589
Theseequity instrumentsarenot quotedonanymarket anddonot haveany comparable industry peer that is listed.
27.
Capitalmanagement
The capital includes cashwhich isdisclosed inNote19.
Theprimaryobjectiveof theGroup’scapitalmanagement is toensure that itmaintainsastrongcredit rating, healthy cash flowsand loansandborrowingsat an
acceptable level inorder to support itsbusinessandmaximise shareholder value.
TheGroup isnot subject toany externally imposed capital requirements.
TheGroupmanages itscapital structureandmakesadjustments to it, in light of changes ineconomicconditions. Tomaintainoradjust thecapital structure, the
Groupmay adjust the dividendpayment to shareholders, or issuenew shares. No changesweremade in the objectives, policies or processes during the years
ended31December 2015and31December 2014.
28.
Dividend
GroupandCompany
2015
2014
$’000
$’000
Declaredandpaidduring the financial year:
Dividendonordinary shares:
– First and final taxexempt (one-tier) dividend for 2014: 1.0 cent (2013: 1.0 cents) per share
10,075
9,049
– Special taxexempt (one-tier) dividend for 2014:Nil (2013: 4.0 cents)
–
36,197
10,075
45,246
Proposedbut not recognisedasa liabilityasat 31December:
Dividendonordinary shares, subject to shareholders’ approval at theAGM:
– First and final taxexempt (one-tier) dividend for 2015: 0.5 cent (2014: 1.0 cent) per share
5,072
9,231
29.
Reclassificationsandcomparative figures
Tobetter reflect thenatureof theaccounts, certainaccounts in the2014 financial statementshavebeen reclassifiedasshownbelow. Theseclassificationshave
no impact on thebalance sheet asat 1January 2014, 31December 2014andon the current year figures.
As
reclassified
As
previously
classified
$’000
$’000
Consolidatedbalancesheet
Grossamount due from customers for contractwork-in-progress
19,710
28,776
Inventories
–
2,512
Inventoriesandwork-in-progress
11,578
–
31,288
31,288
128
129
BAKERTECHNOLOGYlimited
ANNUAL REPORT 2015
