39 Dividends On 11 December a final dividend was paid to shareholders on the register at the close of business on 22 November 2013.
On 21 March 2014, the Board approved an interim dividend for the six months to 28 December 2013 of 0.25p per share which was paid on 25 April 2014 to shareholders on the register at the close of business on 4 April 2014. Te amount paid was £166,052. A final dividend of 0.75p per share has been proposed taking the total dividend to 1.00p per share.
40 Investment in Subsidiaries
Set out below are the significant subsidiary undertakings of the Company whose results are included in the consolidated Financial Statements for the period ended 28 June 2014.
Direct/Indirect ownership
Continuing Anthony Alan Foods Ltd
California Cake Company Ltd Campbells Cake Company Ltd Goswell Enterprises Ltd Lightbody Group Ltd Memory Lane Cakes Ltd Nicholas & Harris Ltd
Lightbody-Stretz Ltd Direct
Indirect Indirect Indirect Indirect Direct Direct
Indirect incorporation Country of shares held
Class of Ownership Ownership 2014
2013
England and Wales Ordinary £1 Scotland Ordinary £1 Scotland Ordinary £1
England and Wales Ordinary £1 Scotland Ordinary £1
England and Wales Ordinary 1p England and Wales Ordinary £1
Scotland Ordinary £1
100% 100% 100% 100% 100% 100% 100%
50%
100% 100% 100% 100% 100% 100% 100%
50%
Lightbody Stretz Ltd which is 50% owned by the Group has been consolidated into the Group accounts as a subsidiary with a corresponding minority interest on the basis that the Group has the controlling interest. Control arises by virtue of the fact that Lightbody Group Ltd which is ultimately a wholly owned subsidiary of Finsbury Food Group has a majority of voting rights arising from an agreement between Lightbody Group Ltd and Philippe Stretz.
41 Fixed Asset Investments £000 Cost
At beginning of financial year Additions Disposals
At end of financial year
Net book value At 28 June 2014 At 29 June 2013
Te additions relate to share option credit of £136,000 (2013: charge £27,000) passed down to individual subsidiaries. 42 Deferred Consideration Receivable
On 27 February 2013 the Group sold its Free From business to Genius Foods for a total value of £21,257,000, £3,000,000 of which has been deferred and is payable 27 February 2015. Tis is shown as a current asset in the Company Balance Sheet. 43 Debtors
2014 £000
Amounts owed by Group undertakings Other taxation
Deferred taxation Prepayments and accrued income
2,945 15
362 79
3,401 61,723
(136) -
61,587
61,587 61,723
2013 £000
3,128 266 414 80
3,888
62
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