AUB Group Limited Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023

6 EARNINGS PER SHARE (EPS)/DIVIDENDS PAID AND PROPOSED (CONTINUED) b) Changes in weighted average number of shares There have been no significant transactions involving ordinary shares or potential ordinary shares that would significantly change the number of ordinary shares or potential ordinary shares outstanding between the reporting date and the date of completion of these financial statements. c) Information on the classification of securities Options granted to employees as described in Note 21 are considered to be potential ordinary shares and have been included in the determination of the diluted earnings per share to the extent they are dilutive. These options have not been included in the determination of the basic earnings per share. The amount of the dilution of these options is the average market price of ordinary shares during the year minus the exercise price.

d) Equity dividends on ordinary shares

2023 $’000

2022 $’000

Dividends paid or recognised as a liability during the year Final franked dividend for financial year ended 30 June 2021: 39.0 cents Interim franked dividend for financial year ended 30 June 2022: 17.0 cents Final franked dividend for financial year ended 30 June 2022: 38.0 cents Interim franked dividend for financial year ended 30 June 2023: 17.0 cents

29,017 12,661

35,155 17,260 52,415

Total dividends paid/provided in current year

41,678

In addition to the above, dividends paid to non-controlling interests totalled $22.14m (FY22:$14.99m).

Dividends proposed and not recognised as a liability Final franked dividend for financial year ended 30 June 2022: 38.0 cents Final franked dividend for financial year ended 30 June 2023: 47.0 cents

35,155

50,951 50,951 55.00 47.00

35,155

Dividends paid and accrued per share (cents per share)

56.00 39.00

Dividends proposed per share (cents per share) not recognised at balance date

e) Franking credit balance The amount of franking credits available for the subsequent financial year are:

– franking account balance as at the end of the financial year at 30% (2022: 30%) – f ranking credits that will arise from the payment of income tax payable as at the end of the financial year

61,938

52,547

15,359 77,297

–

The amount of franking credits available for future reporting periods

52,547

– impact on the franking account of dividends proposed or declared before the financial report was authorised for issue but not recognised as a distribution to equity holders during the year The amount of franking credits available for future reporting periods after payment of dividend

(21,836) 55,461

(15,049)

37,498

The tax rate at which paid dividends have been franked is 30% (2022: 30%). Dividends proposed and accrued will be franked at the rate of 30% (2022: 30%).

AUB GROUP ANNUAL REPORT 2023

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