Vector Interim Report 2020 ― Group Condensed Interim Financial Statements
NOTES TO THE INTERIM FINANCIAL STATEMENTS
10. Capital commitments
31 DEC 2019 (UNAUDITED) $M
31 DEC 2018 (UNAUDITED) $M
30 JUN 2019 (AUDITED) $M
Capital expenditure committed to but not provided for at balance date
122.6
70.8
83.4
11. Related party transactions Majority shareholder dividend
Vector Limited has paid its majority shareholder, Entrust, dividends of $62.0 million during the period (six months ended December 2018: $60.1 million, 12 months ended 30 June 2019: $122.0 million).
Outstanding balances
At 31 December 2019, the group has no material outstanding balances due to or from related parties of the group (31 December 2018 and 30 June 2019: not material).
12. Contingent liabilities Disclosures
The directors are aware of claims that have been made against entities of the group and, where appropriate, have recognised provisions for these within the financial statements. No material contingent liabilities have been identified.
13. Events after the end of the period Interim dividend
On 24 February 2020, the board declared an interim dividend for the year ended 30 June 2020 of 8.25 cents per share. No adjustment is required to these interim financial statements in respect of this event.
Financial statements approval
The interim financial statements were approved by the board of directors on 24 February 2020.
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