151
Annual Report and Accounts 2014
C4. Dividends
The aggregate amount of dividends comprises:
2014
2013
£m
£m
Prior year final dividend paid - 22.5p per qualifying ordinary share (2013: 20.7p)
60.6
66.0
Current year interim dividend paid - 13.6p per qualifying ordinary share (2013: 12.8p)
36.7
40.2
Aggregate amount of dividends paid in the financial year
97.3
106.2
Dividends paid in the year of £97.3m represent 36.1p per share (2013: 33.5p).
After the balance sheet date the following dividends were proposed by the directors. The dividends have not been provided for and there are no income
tax consequences.
2014
2013
£m
£m
Current year final dividend - 24.0p per qualifying ordinary share (2013: 22.5p)
64.8
60.6
Dividends proposed after the balance sheet date may differ from the final dividend paid. This is a result of the final number of qualifying shares entitled to dividends
differing from those in issue at the balance sheet date.
C5. Fixed assets - investments
Subsidiary undertakings
Shares
Loans
Total
£m
£m
£m
At 1 January 2014 cost and net book value
239.1
334.3
573.4
Disposals in the period
(65.9)
-
(65.9)
At 31 December 2014 at cost and net book value
173.2
334.3
507.5
The Company disposed of its £65.9m investment in Artform International Limited on 1 January 2014 for consideration of £61.3m.
Details of subsidiary undertakings as at 31 December 2014 are shown on page 153.
C6. Debtors
2014
2013
£m
£m
Falling due for payment within one year:
Amounts owed by subsidiary undertakings
43.0
86.3
Deferred tax asset
3.5
-
Prepayments and accrued income
-
0.9
Other financial assets
-
0.8
46.5
88.0
The deferred taxation balance relates to short-term timing differences arising on unexercised share options and has been calculated at a rate of 20%.
C7. Other creditors falling due within one year
2014
2013
£m
£m
Amounts owed to subsidiary undertakings
39.5
39.5
Other payables
1.7
1.0
Accruals and deferred income
-
0.5
41.2
41.0
