Peachtree 2015 Annual Report Download - page 161

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The Sage Group plc | Annual Report & Accounts 2015 159
FINANCIAL STATEMENTSGOVERNANCESTRATEGIC REPORT
O
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Fi
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Notes to the Company financial statements
Results for the year
1 Dividends
2015
£m
2014
£m
Final dividend paid for the year ended 30 September 2014 of 8.00p per share 85.7
(2014: final dividend paid for the year ended 30 September 2013 of 7.44p per share) 81.2
Interim dividend paid for the year ended 30 September 2015 of 4.45p per share 47.8
(2014: interim dividend paid for the year ended 30 September 2014 of 4.12p per share) 45.0
133.5 126.2
In addition, the directors are proposing a final dividend in respect of the financial year ended 30 September 2015 of 8.65p per share which will
absorb an estimated £96.7m of shareholders’ funds. It will be paid on 4 March 2016 to shareholders who are on the register of members on 12
February 2016. These financial statements do not reflect this dividend payable.
Operating assets and liabilities
2 Fixed assets: investments
Equity interests in subsidiary undertakings are as follows:
£m
Cost
At 1 October 2014 3,224.0
At 30 September 2015 3,224.0
Provision for diminution in value
At 1 October 2014 135.8
At 30 September 2015 135.8
Net book value
At 30 September 2015 3,088.2
At 30 September 2014 3,088.2
The directors believe that the carrying value of the investments is supported by their underlying net assets.
Subsidiary undertakings, included in the Group accounts for the year ended 30 September 2015, are shown in note 17 of the Group financial
statements. All of these subsidiary undertakings are wholly owned. All subsidiaries are engaged in the development, distribution and support
of business management software and related products and services for small and medium sized businesses.
All operating subsidiaries’ results are included in the consolidated financial statements. The accounting reference date of all subsidiaries is
30 September, except for Brazilian subsidiaries which have an accounting reference of 31 December due to Brazilian statutory requirements.
3 Cash at bank and in hand
2015
£m
2014
£m
Cash at bank and in hand 3.1 0.9
4 Debtors
2015
£m
2014
£m
Amounts owed by Group undertakings 574.7 505.9
Other debtors –0.3
574.7 506.2