13. Share capital
The Company＊s share capital comprises fully-paid up 1,000,000 (2015: 1,000,000) ordinary shares with no par value,
amounting to a total of $1,000,000 (2015: $1,000,000).
The holder of ordinary shares is entitled to receive dividends as and when declared by the Company. All ordinary shares
carry one vote per share without restrictions.
14. Fair value reserve
2016
2015
$＊000
$＊000
Balance at beginning of financial year
2,837
(1,216)
Fair value (loss)/gain on available-for-sale financial assets (Note 10)
(1,048)
4,053
Balance at end of financial year
1,789
2,837
Fair value reserve represents the cumulative fair value changes of available-for-sale financial assets.
15. Dividends
2016
2015
$＊000
$＊000
Declared and paid during the financial year
Dividends on ordinary shares:
每 Final tax exempt (one-tier) dividend for financial year ended 31 March 2015 paid of $3.00
(2015: dividend for financial year ended 31 March 2014 paid of $2.50) per share
3,000
2,500
Proposed but not recognised as a liability as at 31 March
Dividends on ordinary shares, subject to shareholders＊ approval at the AGM:
每 Final tax exempt (one-tier) dividend proposed in respect of the financial year
of $3.00 (2015: $3.00) per share
3,000
3,000
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:
2016
2015
$＊000
$＊000
Directors fees paid to:
每 immediate holding company
103
61
每 directors
763
573
866
634
Key management personnel compensation (excluding directors＊ fees)
每 salaries and other short term employee benefits
1,015
1,430
每 contribution to CPF
15
46
1,030
1,476
.179
ASCENDAS india trust ANNUAL REPORT
2015/2016
