164 165
14.
Fair value reserve
2015
2014
$’000
$’000
Beginning of financial year
(1,216)
(133)
Fair value gains/(losses) on available-for-sale financial assets (Note 10)
4,053
(1,083)
End of financial year
2,837
(1,216)
Fair value reserve represents the cumulative fair value changes of available-for-sale financial assets.
15.
Dividends
2015
2014
$’000
$’000
Declared And Paid During The Financial Year
Dividends on ordinary shares:
– Final tax exempt (one-tier) dividend for FY2015 paid of $2.50 (2014: $2.00) per share
2,500
2,000
Proposed But Not Recognised as A Liability as at 31 March
Dividends on ordinary shares, subject to shareholders’ approval at the AGM:
– Final tax exempt (one-tier) dividend proposed in respect of the financial year
of $3.00 (2014: $2.50) per share
3,000
2,500
16.
Related party transactions
In addition to the related party information disclosed elsewhere in the financial statements, the following significant transactions
took place between the Company and related parties at terms agreed between the parties during the financial year:
2015
2014
$’000
$’000
Directors Fees Paid to:
– immediate holding company
61
72
– directors
573
537
634
609
Key Management Personnel Compensation (Excluding Directors’ Fees)
– salaries and other short term employee benefits
1,430
1,114
– contribution to CPF
46
28
1,476
1,142
