NOTES TO THE INTERIM FINANCIAL STATEMENTS
10. RELATED PARTY TRANSACTIONS
Majority shareholder dividend
Vector Limited has paid its majority shareholder, Entrust, dividends of $60.1 million during the period (six months ended December 2017: $60.1 million, 12 months ended 30 June 2018: $122.0 million).
Outstanding balances
At 31 December 2018, the group has no material outstanding balances due to or from related parties of the group (31 December 2017 and 30 June 2018: not material).
11. 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.
12. EVENTS AFTER THE END OF THE PERIOD
Repayment of borrowings
On 14 January 2019, the group repaid $285.6 million (GBP 115.0 million) of medium term notes using existing facilities.
Interim dividend
On 25 February 2019, the board declared an interim dividend for the year ended 30 June 2019 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 25 February 2019.
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