WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
162
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
38. DIVIDEND
2016
2015
HK$’000
HK$’000
Dividend recognised as distribution during the year:
2014 – Final HK6.822 cents per share of HK$0.20 each
–
25,702
2015 – Final HK6.347 cents per share of HK$0.20 each
23,962
–
23,962
25,702
On August 26, 2015, a dividend of HK6.347 cents per share (total dividend of approximately
HK$23,962,000) was paid to shareholders in respect of the financial year ended March 31, 2015.
The Board of Directors of the Company does not recommend the payment of a final dividend for
the year ended March 31, 2016.
39. CONTINGENT LIABILITIES
The Company had given corporate guarantees (unsecured) to its banks in respect of banking
facilities granted to its subsidiaries. At March 31, 2016, the aggregate banking facilities granted
to the subsidiaries were approximately HK$1,289,875,000 (2015: HK$1,225,255,000) of which
HK$804,170,000 (2015: HK$699,145,000) was utilised and guaranteed by the Company.
At March 31, 2016, the Company had also given guarantees to certain suppliers in relation to
the subsidiaries’ settlement of the respective payables. The aggregate amounts payable to these
suppliers under guarantee were approximately HK$274,634,000 (2015: HK$235,867,000).
At March 31, 2016, the Company had given corporate guarantees (unsecured) of approximately
HK$ nil (2015: HK$167,340,000) to its banks in respect of banking facilities granted to its
associates, of which HK$ nil (2015: HK$131,393,000) banking facilities have been utilised by its
associates.
At March 31, 2016, an amount of HK$ nil (2015: HK$730,000) has been recognised in the
consolidated statement of financial position of the Group and the statement of financial position of
the Company as liabilities.
