SOUTH PACIFIC STOCK EXCHANGE LISTING REQUIREMENTS

Listing requirements of the South Pacific Stock Exchange   d.) Share price details Highest share price during the year was $3.90. Lowest share price during the year was $3.33. Share price at year end was $3.90 e.) Attendance at Board Meetings Share register Central Share Registry South Pacific Stock Exchange...

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EVENTS SUBSEQUENT TO BALANCE DATE

Fiji Television Limited has signed a Non-Disclosure Agreement with potential strategic partners for Sky Pacific. This may involve a partial divestment of Sky Pacific but at this stage discussions are in progress. Apart from the above, there has not arisen in the interval between the end of the financial year...

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SEGMENT INFORMATION

Construction operations comprise the production and sale of cement, concrete and concrete products. Property comprises the ownership of properties and derivation of rental income. Tourism includes operating a fleet of cruise vessels. Finance includes the financing of asset purchases and granting of personal loans and acceptance of term deposits. Retail...

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RELATED PARTY INFORMATION

Identity of related parties All material ownership interests in related parties are disclosed in Note 21. The Group also has related party transactions within the Group which are eliminated upon consolidation. Key management personnel Key management personnel are those persons having authority and responsibility for planning, directing and controlling the...

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CONTINGENT LIABILITIES

In the opinion of the directors, no loss is anticipated in respect of the above contingent liabilities. The company has provided letters of support to four of its subsidiaries, South Sea Cruises Limited, Basic Industries (PNG) Limited, Fiji Television Limited and FHL Logistics Limited, undertaking that in the next 12...

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EARNINGS PER SHARE

The calculation of earnings per share at 30 June 2015 was based on the profit attributable to ordinary shareholders of $10,652,000 (2014: $8,338,000) and a weighted average number of ordinary shares outstanding of 30,465,000 (2014: 30,465,000), calculated as follows:

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OPERATING LEASES

Operating lease commitments The group has a number of lease agreements with varying terms and conditions.  The future aggregated minimum lease payments under these leases are as follows: The subsidiary company, Fiji Television Limited entered into a new satellite services agreement in the previous financial year. At inception of the...

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RESERVES

Available for sale reserve Available for sale reserve consists of unrealised gains or losses arising from changes in the fair value of non-monetary investments classified as available-for-sale financial assets. Credit loss reserve The Credit Loss Reserve relates to Merchant Finance & Investment Company Limited in accordance with the requirements of...

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SHARE CAPITAL

The company’s ordinary ‘A’ class shares are listed on the Restricted Board of the South Pacific Stock Exchange. The i Taukei Affairs Board and the i Taukei Trust Fund (formerly Fijian Trust Fund) each hold 10 million of the company’s “B” class ordinary shares of $1 each. All ordinary shares...

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