Creative 2009 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2009 Creative annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

50
CREATIVE฀TECHNOLOGY฀LTD฀AND฀ITS฀SUBSIDIARIES
28. DIVIDENDS
฀ Group฀and฀Company
฀ ฀ 2009฀ 2008฀
฀ US$’000฀ US$’000
฀Ordinary฀dividends฀paid฀฀ ฀
฀ Final฀exempt฀dividend฀paid฀in฀respect฀of฀the฀previous฀financial฀year฀of฀$Nil฀฀
(2008:฀US$0.14)฀per฀share฀(Note฀27)฀ –฀ 11,528
At the Annual General Meeting to be held on 29 October 2009, a final exempt dividend of S$0.10 per share amounting
to a total of US$4,744,000 will be recommended. These financial statements do not reflect this dividend, which will be
accounted for in shareholders’ equity as an appropriation of retained earnings in the financial year ending 30 June 2010.
29. COMMITMENTS
(a) Capital and other commitments
Capital and other expenditures contracted for at the balance sheet date but not recognised in the financial statements are as
follows:
฀Group฀ Company
฀ ฀ 2009฀ 2008฀ 2009฀ 2008฀
฀ US$’000฀ US$’000฀ US$’000฀ US$’000
฀ ฀ ฀ ฀
฀ Property฀and฀equipment฀ 145฀ 180฀ 145฀ 180
฀ Other฀purchase฀obligations฀ 15,118฀ 34,994฀ 12,848฀ 31,814
฀ ฀ 15,263฀ 35,174฀ 12,993฀ 31,994
(b) Operating lease commitments – where the Group is a lessee
The Group leases land and certain of its facilities and equipment from non-related parties under non-cancellable operating
lease agreements. The leases have varying terms, escalation clauses and renewal rights.
The future minimum lease payables under non-cancellable operating leases contracted for at the balance sheet date but not
recognised as liabilities, are as follows:
฀ Group
฀ ฀ 2009฀ 2008฀
฀ US$’000฀ US$’000
฀
฀ Not฀later฀than฀one฀year฀ 3,988฀ 6,875
฀ Between฀one฀and฀five฀years฀ 5,733฀ 14,926
฀ Later฀than฀five฀years฀ 1,075฀ 2,038
฀ ฀ 10,796฀ 23,839
NOTES TO THE FINANCIAL STATEMENTS
– For the financial year ended 30 June 2009
AR09 pg1-64_Final.indd 50 10/2/2009 10:38:10 AM