Telstra 2003 Annual Report Download - page 57

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www.telstra.com.au/investor P.55
3. Dividends
Telstra Group
Year ended 30 June
2003 2002
$m $m
Ordinary shares
Interim dividend paid (i) 1,544 1,415
Interim special dividend paid (i) 386 –
Final ordinary dividend provided for (i) (ii) –1,415
Total dividend provided for or paid 1,930 2,830
Previous year final ordinary dividend paid in the current year (i) 1,415 1,416
Dividends per share (cents) ¢¢
Interim dividend paid 12.0 11.0
Interim special dividend paid 3.0 –
Final ordinary dividend provided for (ii) –11.0
Total 15.0 22.0
Previous year final ordinary dividend paid in the current year 11.0 11.0
(i) Our dividends provided for or paid during fiscal 2003 and fiscal 2002 are fully franked, in aggregate and per share, to the same amount as in the
relevant tables above. Our dividends provided for or paid during fiscal 2003 and fiscal 2002 are franked at a tax rate of 30%.
The interim dividend and interim special dividend for fiscal 2003 was paid on 30 April 2003 (2002: 29 April 2002).
(ii) Due to the first time application of the new accounting standard AASB 1044:“Provisions, Contingent Liabilities and Contingent Assets”, a difference
has arisen between reporting periods regarding the timing and the recognition of dividends declared in our statement of financial performance
and statement of financial position. There has been no change in the timing of the dividends declared by the directors.
As the final dividend in fiscal 2003 was not declared, determined or publicly recommended as at 30 June 2003, no provision has been raised prior
to that date in the statement of financial position. The final dividend is now reported as an event after balance date (refer note 5).