Twenty-First Century Fox 2004 Annual Report Download - page 73

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Consolidated
2004 2003 2002
A$ million
Note 3 Outside equity interest
Outside equity interest before Other items (314) (421) (278)
Outside equity interest on Other items 18 3 (70)
(296) (418) (348)
Note 4 Dividends
Dividends declared and proposed during the year:
Class of Shares Dividend per share Franking
Interim Final
Ordinary 1.5 cents 1.5 cents Unfranked 63 63 31
Preferred limited
voting ordinary 3.75 cents 3.75 cents Unfranked 266 241 120
Perpetual preference (a) Unfranked 38 47 52
367 351 203
(a) Adjustable rate cumulative preference dividends as described in Note 23 (b) of the Group’s Full Financial Report.
On 15 October, 2003, a final unfranked dividend of 1.5 cents per ordinary share and 3.75 cents per preferred limited voting
ordinary share totalling $153 million was paid or distributed according to the operation of the Group’s Dividend
Reinvestment Plan.
On 30 April, 2004, an interim unfranked dividend, in respect of profits for the year ended 30 June, 2004 of 1.5 cents per
ordinary share and 3.75 cents per preferred limited voting ordinary share totalling $176 million was paid or distributed
according to the operation of the Group’s Dividend Reinvestment Plan.
On 12 August, 2004, the Directors of The News Corporation Limited recommended the payment on 26 October, 2004, of a final
fully franked dividend of 1.5 cents per ordinary share and 3.75 cents per preferred limited voting ordinary share on the
issued shares at 17 September, 2004, the entitlement date for the final dividend. The final dividend has not been provided for
in the financial statements, in accordance with the Group’s accounting policy, as the dividend was not declared and
announced by the Directors prior to 30 June, 2004.
As at 30 June, 2004, following the adoption of the Australian Tax Consolidation legislation, the balance of the franking
account of the parent entity adjusted for franking credits which will arise from the payment of income tax provided for in
the financial statements, and after deducting estimated franking credits of $75.7 million to be used in payment of the final
franked dividend above, is $1.5 million (2003 $0.2 million, 2002 $0.2 million) on a tax paid basis.
71
NEWS CORPORATION CONCISE REPORT 2004
Notes to and forming part of the Concise Financial Report
(continued)
for the year ended 30 June, 2004