Notes to the Financial Statements
95
Notes to the Financial Statements
continued
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22. Dividends
2013 
$’000
2012 
$’000
Final dividend declared for the year ended 30 June 2012 of 10 cents per fully paid share paid on 1 October 2012 15,148 6,829
Interim dividend declared for the year ended 30 June 2013 of 5 cents per fully paid share paid on 12 April 2013 7,591 15,196
Total dividends 22,739 22,025
Refer Note 18 for the dividend reinvestment plan portion of total dividends.
The Group’s franking credit balance as at 30 June 2013 is $880,548 (2012: $880,548).
23. Related parties
Transaction with related parties
Information on remuneration of Directors and Key Management Personnel is disclosed in Note 29.
Controlling entity
The ultimate parent entity of the Group is Kingsgate Consolidated Limited.
24. Employee benefits and share-based payments
Provision for employee benefits – current 3,797 2,993
Provision for employee benefits – non-current 5,416 4,482
Total employee provisions 9,213 7,475
Share-based payments
The following share-based payments were made during the year:
〉〉 performance and deferred rights issued to employees $917,397 (2012: nil); and
〉〉 shares issued as part consideration of a legal dispute $1,512,000 (2012: $3,024,000).
Superannuation
The Group makes contributions on behalf of employees to externally managed defined contribution superannuation funds. Contributions are based on 
percentages of employee’s wages and salaries and include any salary-sacrifice amounts. Contributions to defined contribution plans for 2013 were $964,000 
(2012: $752,000).
Kingsgate executive option plan
The terms of the options issued pursuant to the plan are as follows:
i. each option will entitle the holder to subscribe for one ordinary share of the Company;
ii. options are granted under the plan for no consideration; and
iii. options granted under the plan carry no dividend or voting rights.