REA Group Ltd Annual Report 2021

Annual Report 2021 | REA Group Ltd 12. Dividends Accounting policies Dividend declared is provided for when it is appropriately authorised and no longer at the discretion of the company on or before the end of the reporting period but not distributed at the end of the reporting period. 2021 $ʼ000 2020 $ʼ000 Declared and paid during the period (fully franked at 30%) Interim dividend for 2021: 59.0 cents (2020: 55.0 cents) 77,949 72,443 Final dividend for 2020: 55.0 cents (2019: 63.0 cents) 72,443 82,980 Total dividends provided for or paid 150,392 155,423 Proposed and unrecognised as a liability (fully franked at 30%) Final dividend for 2021: 72.0 cents (2020: 55.0 cents). Proposed dividend is expected to be paid on 16 September 2021 out of retained earnings at 30 June 2021 but is not recognised as a liability at year end 95,124 72,443 Franking credit balance (based on a tax rate of 30%) Franking credits available for future years, adjusted for franking credits and debits that will arise from the settlement of liabilities or receivables for income tax and dividends after the end of the year 585,871 450,202 Impact on the franking account of the dividend recommended by the Directors since year end, but not recognised as a liability at year end (40,767) (31,047) 13. Equity and reserves (a) Equity Accounting policies Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds. The company does not have authorised share capital or par value in respect of its shares. The number of ordinary shares issued at 30 June 2021 was 132,117,217 (2020: 131,714,699). Contributed equity $ʼ000 Other contributed equity $ʼ000 Total $ʼ000 Balance at 1 July 2019 102,616 (13,072) 89,544 Acquisition of treasury shares – (344) (344) Settlement of vested performance rights – 2,850 2,850 Balance at 30 June 2020 102,616 (10,566) 92,050 Acquisition of treasury shares – (3,721) (3,721) Settlement of vested performance rights – 3,734 3,734 Issue of new shares 59,851 – 59,851 Other – change in non-controlling interest – 226 226 Balance at 30 June 2021 162,467 (10,327) 152,140 Year in review Directors’ Report Financial Statements Remuneration Report Sustainability Our Leaders 95