FINANCIAL REPORT (cont.) Notes to the Financial Statements (cont.)
15. DIVIDENDS
2023
2022
Cents per share
Total $’000
Cents per share
Total $’000
Recognised amounts Fully paid ordinary shares Final dividend (prior year) Fully franked at a 30% tax rate Interim dividend (current year) Fully franked at a 30% tax rate Unrecognised amounts Fully paid ordinary shares Final dividend (current year):
2.00
2,191
1.75
1,863
2.00 4.00
2,191 4,382
1.00 2.75
1,081 2,944
2.00 2,162 The Board declared on 28 August 2023 that there will be a final dividend payable of 1.00 cents per share fully franked and special dividend of 1.00 cents per share fully franked (2022 1.00 cents final dividend and 1.00 cents special dividend). Both dividends will be payable on 16 October 2023 with the record date for determining dividends on 18 September 2023. 2023 $’000 2022 $’000 Adjusted franking account balance 7,020 3,098 16. SEGMENT INFORMATION The Group operates in one reporting segment being the provision of design, construction, fabrication, shutdown, maintenance and industrial automation services to leading organisations of steel storage tanks and concrete bridges. 2,218 2.00 In the current period 3 customers made up 58% of the revenue earned (2022: 3 customers made up 53% of the revenue earned). These customers accounted for $115,791 million of the Groups’ total revenue (2022: $69,220 million). 17. CONTINGENT LIABILITIES AND CONTINGENT ASSETS There are a number of commercial and legal claims and exposures that may arise from the normal course of the Group’s business in respect of which no provision has been made.
Annual Report 2023 82
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