25.2 DIVIDENDS PAID AND PROPOSED
COMPANY
2020
R’m
2019
R’m
Declared and paid during the year:
Dividends on ordinary shares:
Final dividend 2019: 21 cents (2018: 15 cents)
Cash dividends 24 17
Script dividends
- 4
Interim dividend 2020: 21 cents (2019: 19 cents) 25 24
Total dividends paid 49 45
Proposed for approval at the annual general meeting (not recognised as a liability as at 30 April):
Dividends on ordinary shares:
Final dividend 2020: 23 cents (2019: 21 cents) 27 24
26. RELATED PARTY TRANSACTIONS
26.1 SUBSIDIARY
The financial statements include the financial results of the subsidiaries listed below. The table below reflects the total of
transactions per subsidiary. Transactions include interest income, interest expense, sales, purchases and other services
rendered.
COMPANY
2020
INCOME
AMOUNTS
RECEIVED/
OWED (TO)/
(EXPENSES
BY
INCURRED)
SUBSIDIARIES
TRANSACTIONS INCLUDE
% INTEREST
R’m
R’m
Senwes Ltd
Dividends received, interest received
and management fees paid
53,16% 57 -
COMPANY
2019
INCOME
AMOUNTS
RECEIVED/
OWED (TO)/
(EXPENSES
BY
INCURRED)
SUBSIDIARIES
TRANSACTIONS INCLUDE
% INTEREST
R’m
R’m
Senwes Ltd
Dividends received, interest received
and management fees paid
52,91% 53 -
Senwesbel Limited received dividends of R58 million (2019: R54 million) from Senwes Limited.
Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2020 72