Twenty-First Century Fox 2003 Annual Report Download - page 70

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The News Corporation Limited68
Notes to and forming part of the Concise Financial Report (continued)
FOR THE YEAR ENDED 30 JUNE, 2003
➤ NOTE 3Outside equity interest
Outside equity interest before other items (421) (278) (196)
Outside equity interest on other items 3 (70)
(418) (348) (196)
➤ NOTE 4Dividends
Dividends declared and proposed during the year:
Dividend per share
Class of Shares Interim Final Franking
Ordinary 1.5 cents 1.5 cents Unfranked 63 31 31
Ordinary 1.5 cents 50% franked at
34% tax rate 31
Preferred limited
voting ordinary 3.75 cents 3.75 cents Unfranked 241 120 111
Preferred limited 50% franked at
voting ordinary 3.75 cents 34% tax rate 81
Perpetual preference (a) Unfranked 47 52 51
351 203 305
(a) Dividends on 10 million 8 5/8% cumulative perpetual preference shares and 3.8 million adjustable rate perpetual preference
shares.
For full payment details of the above mentioned dividends refer to Directors’ Report on page 53 of the Concise Report.
On 13 August, 2003, the Directors of The News Corporation Limited recommended the payment on 15 October, 2003 of a final
unfranked dividend of 1.5 cents per ordinary share and 3.75 cents per preferred limited voting ordinary share on the issued shares
at 12 September, 2003, 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, 2003.
As at 30 June, 2003 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 franking credits to be used in payment of the
above dividends, is $0.5 million (2002 $0.5 million, 2001 $0.5 million) on a grossed up basis.
Consolidated
2003 2002 2001
A$ million