NOTES TO THE FINANCIAL STATEMENTS
(CONT)
FOR THE YEAR ENDED 30 JUNE 2015
NOTE 9 AUDITORS’ REMUNERATION
Consolidated Group
2015
2014
$
$
Remuneration of Ernst & Young for:
– auditing or reviewing the financial report
150,000
93,000
– taxation services and advice
45,150
22,660
– due diligence on services and acquisitions
–
42,621
– other assurance services
123,600
8,154
318,750
166,435
Remuneration of non Ernst &Young audit firms for:
– auditing of trust accounts
27,953
6,500
– taxation services
29,157
10,843
– accounting services
49,176
106,286
17,343
NOTE 10 DIVIDENDS
Consolidated Group
2015
2014
$
$
Distributions paid
Final unfranked ordinary dividend of 1.75 cents (2014: 1.75 cents) per share
3,017,002
2,712,500
Interim unfranked ordinary dividend of 2 cents (2014: 1.75 cents) per share
3,448,002
2,712,500
6,465,004
5,425,000
Distributions proposed and not recognised as a liability
Approved by the Board of directors on 26 August 2015 (not recognised as a liability as at
30 June 2015)
(a) Proposed final 2015 unfranked ordinary dividend of 1.75 cents (2014: 1.75 cents) per
share franked at the tax rate of 0% (2014: 0%)
(b) Balance of franking account at year end adjusted for franking credits arising from:
Opening balance
–
1,563,351
— payment/(repayment) of income tax
1,116,188
(1,714,142)
Actual closing balance at 30 June
1,116,188
(150,791)
Expected tax refunds relating to FY2015 receivable in FY2016
(1,116,188)
–
Franking deficit paid to the ATO
–
150,791
Anticipated balance as it relates to 30 June
–
–
SHINE CORPORATE LTD | FINANCIAL REPORT | 2015