Air New Zealand 2016 Annual Report Download - page 25

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Notes to the Financial Statements (continued)
As at 30 June 2016
23
AIR NEW ZEALAND GROUP
18. Distributions to Owners
2016
$M
2015
$M
Distributions recognised
Final dividend on Ordinary Shares
Special dividend on Ordinary Shares
Interim dividend on Ordinary Shares
107
-
112
61
112
73
219 246
Distributions paid
Final dividend on Ordinary Shares
Special dividend on Ordinary Shares
Interim dividend on Ordinary Shares
112
-
118
64
117
77
230 258
On 25 August 2016, the Board of Directors declared a final dividend for the 2016 financial year of 10.0 cents per Ordinary Share, and a
special dividend of 25.0 cents per Ordinary Share, payable on 19 September 2016 to registered shareholders at 9 September 2016. The total
dividends payable will be $393 million. Imputation credits will be attached and supplementary dividends paid to non-resident shareholders.
These dividends have not been recognised in the June 2016 financial statements.
An interim dividend of 10.0 cents per Ordinary Share was paid on 18 March 2016. Imputation credits were attached and supplementary
dividends paid to non-resident shareholders.
A final dividend in respect of the 2015 financial year of 9.5 cents per Ordinary Share was paid on 21 September 2015. Imputation credits were
attached and supplementary dividends paid to non-resident shareholders.
The dividend reinvestment plan is currently suspended.
19. Share Capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares, rights or options are
shown in equity as a deduction, net of taxation, from the proceeds.
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.
Where the Group funds the on-market purchase of shares to settle obligations under long-term incentive plans the total cost of the
purchase (including transaction costs) is deducted from Share Capital.
Share Capital comprises:
2016
$M
2015
$M
Authorised, issued and fully paid in capital
Equity-settled share-based payments
2,243
9
2,276
10
2,252 2,286
Balance at the beginning of the year
Equity settlements of long-term incentive obligations*
Equity-settled share-based payments
2,286
(39)
5
2,282
-
4
Balance at the end of the year 2,252 2,286
* During the year ended 30 June 2016 the Group funded the purchase on-market of 13,181,727 shares (30 June 2015: Nil). The shares were
used to settle obligations under employee share-based compensation plans.
Number of Ordinary Shares authorised, fully paid and on issue
Balance at the beginning of the year
Exercise of share options
2016
1,121,849,949
994,278
2015
1,114,424,283
7,425,666
Balance at the end of the year** 1,122,844,227 1,121,849,949
** Includes treasury stock of 34,183 shares (30 June 2015: 34,183 shares).