NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 36

36. Dividends

AfroCentric Investment Corporation Limited passed a resolution whereby a dividend, out of retained earnings was declared on 26 September 2013 of 15 cents per ordinary share. The rand value of R70.1 million was paid during February 2014. This dividend was debited to retained earnings in 2014.

  GROUP
June 2014
R’000
  GROUP
June 2013
R'000
  COMPANY
June 2014
R’000
  COMPANY
June 2013
R'000
 
Dividend declared by AfroCentric Investment Corporation Limited on 26 September 2013 and paid during February 2014 70 178   33 219   70 178   33 219  
Other dividends in the Group:                
Dividend declared by AfroCentric Health Limited on 26 September 2013 and paid to non-controlling interests during February 2014 7 485        
Dividend declared and paid by Medscheme (Namibia) (Proprietary) Limited to non-controlling interests 6 838   2 580      
Dividend declared and paid by Allegra (Proprietary) Limited to non-controlling interests   1 473      

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 36