Air New Zealand 2015 Annual Report Download - page 25

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Notes to the Financial Statements (continued)
As at 30 June 2015
Air New Zealand Annual Financial Results 2015 23
17. Distributions to Owners
2015
$M
2014
$M
Distributions recognised
Final dividend on Ordinary Shares
Special dividend on Ordinary Shares
Interim dividend on Ordinary Shares
61
112
73
55
-
50
246 105
Distributions paid
Final dividend on Ordinary Shares
Special dividend on Ordinary Shares
Interim dividend on Ordinary Shares
64
117
77
56
-
52
258 108
On 25 August 2015, the Board of Directors declared a final dividend for the 2015 financial year of 9.5 cents per Ordinary Share, payable on
21 September 2015 to registered shareholders at 11 September 2015. The total dividends payable will be $107 million. Imputation credits
will be attached and supplementary dividends paid to non-resident shareholders. These dividends have not been recognised in the June 2015
financial statements.
An interim dividend of 6.5 cents per Ordinary Share was paid on 20 March 2015. Imputation credits were attached and supplementary
dividends paid to non-resident shareholders.
A final dividend in respect of the 2014 financial year of 5.5 cents per Ordinary Share and a special dividend of 10.0 cents per Ordinary Share
was paid on 22 September 2014. Imputation credits were attached and supplementary dividends paid to non-resident shareholders.
The dividend reinvestment plan is currently suspended.
18. Share Capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in
equity as a deduction, net of taxation, from the proceeds.
Treasury stock
When shares are acquired by a member of the Group, the amount of consideration paid is recognised directly in equity. Acquired
shares are classified as treasury stock and presented as a deduction from share capital. When treasury stock is subsequently sold
or reissued pursuant to equity compensation plans, the cost of treasury stock is reversed and the realised gain or loss on sale or
reissue, net of any directly attributable incremental transaction costs, is recognised within share capital.
Share Capital comprises:
2015
$M
2014
$M
Authorised, issued and fully paid in capital
Treasury stock
Equity-settled share-based payments
2,276
-
10
2,273
(3)
12
2,286 2,282
Balance at the beginning of the year
Shares issued
Equity-settled share-based payments
2,282
-
4
2,277
1
4
Balance at the end of the year 2,286 2,282
Number of Ordinary Shares authorised, fully paid and on issue
Balance at the beginning of the year
Mandatory shares issued under Long Term Incentive Plan
Exercise of share options
2015
1,114,424,283
-
7,425,666
2014
1,103,924,560
877,055
9,622,668
Balance at the end of the year* 1,121,849,949 1,114,424,283
*Includes treasury stock of 34,183 shares (30 June 2014: 2,515,463 shares).