Agribel Interim Results 2021/2022 | Page 10

NOTES ( CONTINUED )
4 . DIVIDENDS
The board approved an interim dividend of 25 cents per share with the option to elect to receive either none , 50 % or 100 % of the cash dividends as shares in the company (“ scrip dividends ”). Payment of the dividend will take place on 14 January 2022 . The last day of trading and submission of the scrip dividend offer form is 7 January 2022 and the record date is 10 January 2022 . All shareholders registered in the shareholder register as at 10 January 2022 , will qualify for the dividend . Dividend withholding tax of 20 % will be deducted where applicable .
5 . FAIR VALUE OF INSTRUMENTS
The following table summarises fair value measurements recognised in the statement of financial position or disclosed in the group ’ s financial statements by class of asset or liability and categorised by level according to the significance of inputs used in the measurements :
QUOTED
PRICES IN
CARRYING AMOUNT
ACTIVE MARKETS FOR IDENTICAL IN-
STRUMENTS
SIGNIFICANT OTHER
OBSERVABLE INPUTS
SIGNIFICANT UNOBSERVABLE
INPUTS
TOTAL R ’ m
LEVEL 1 R ’ m
LEVEL 2 R ’ m
LEVEL 3 R ’ m
31 October 2021 ( Unaudited ): Total assets 468 442 23 3 Total liabilities ( 280 ) ( 280 ) - -
30 April 2021 ( Audited ): Total assets 358 320 34 4 Total liabilities ( 110 ) ( 110 ) - -
31 October 2020 ( Unaudited ): Total assets 658 627 29 2 Total liabilities ( 1 012 ) ( 1 012 ) - -
Accounts receivable , loans receivable , loans payable , lease liabilities and deferred government grants at amortised cost approximate the fair value .
During the period there were no changes in levels or new items added .
6 . EVENTS AFTER THE REPORTING PERIOD The directors are not aware of any material event which occurred after the reporting period and up to the date of this report .
7 . CHANGES IN ACCOUNTING STANDARDS Since the last reported financial statements , namely the annual financial statements for the year ended 30 April 2021 , there were no significant new standards which were evaluated and implemented in the financial statements of the group .
8 AGRIBEL HOLDINGS INTERIM RESULTS 31 OCTOBER 2021