. 12 8
NOTESTOTHE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
BAKER
TECHNOLOGY
L IMI TED
THE BE ST
I N US
28.
DIVIDEND
GroupandCompany
2017
2016
$’000
$’000
Declaredandpaidduring the financial year:
Dividendonordinary shares:
–First and final tax exempt (one-tier) dividend for
2016: 1.25cents# (2015: 0.5cent*) per share
2,536
5,072
Proposedbutnot recognisedasa liabilityasat 31December:
Dividendonordinary shares, subject to shareholders’ approval at theAGM:
–First and final tax exempt (one-tier) dividend for
2017: Nil (2016: 1.25cents
#
) per share
–
2,536
* Before shareconsolidation
#
After shareconsolidation
29.
EVENTSOCCURRINGAFTERTHEREPORTINGPERIOD
On 5March 2018, theCompany’s subsidiary, BT TitaniumPte. Ltd., increased its paid up capital from $1 to
$5,000,000.
30.
AUTHORISATIONOF FINANCIALSTATEMENTS FOR ISSUE
The financial statements for the financial year ended 31 December 2017 were authorised for issue in
accordancewith a resolutionof thedirectors on9March2018.
