Republic Bank Limited
144
For the year ended September 30, 2015. Expressed in thousands of Trinidad and Tobago dollars ($’000) except where otherwise stated
Notes to theConsolidatedFinancial Statements
4
Financial
28 DIVIDENDS PAID AND PROPOSED
2015
2014
Declared and paid during the year
Equity dividends on ordinary shares:
Final dividend for 2014: $3.00 (2013: $3.00)
485,129
483,375
First dividend for 2015: $1.25 (2014: $1.25)
202,468
201,876
Total dividends paid
687,597
685,251
Proposed for approval at Annual General meeting
(not recognised as a liability as at September 30)
Equity dividends on ordinary shares:
Final dividend for 2015: $3.10 (2014: $3.00)
502,197
485,129
29 CONTINGENT LIABILITIES
a) Litigation
As at September 30, 2015 there were certain tax and legal proceedings outstanding against the Group. No provision has been
made as professional advice indicates that it is unlikely that any significant loss will arise or that it would be premature at this
stage of the action to determine the eventuality.
b) Customers’ liability under acceptances, guarantees, indemnities and letters of credit
2015
2014
Acceptances
1,108,666
742,087
Guarantees and indemnities
301,161
106,898
Letters of credit
309,110
117,716
1,718,937
966,701
c) Sectoral information
2015
2014
State
243,319
209,274
Corporate and commercial
1,375,195
650,259
Personal
32,082
32,995
Other financial institutions
52,402
50,983
Other
15,939
23,190
1,718,937
966,701
