39 Dividends
On 10 December 2014 a final dividend was paid to shareholders on the register at the close of business on 24 October 2014. An interim dividend for the six months to 27 December 2014 of 0.83 per share was paid on 24 April 2015 to shareholders on the register at the close of business on 7 April 2014. The amount paid was £1,059,549.
A final dividend of 1.67p per share has been proposed taking the total dividend for the year to 2.50p per share. Subject to shareholder approval at the Company’s AGM on 25 November 2015, the final dividend will be paid on 10 December 2015 to all shareholders on the register at 13 November 2015.
40 Investment in Subsidiaries
Set out below are all undertakings of the Company whose results are included in the consolidated Financial Statements for the period ended 27 June 2015. Direct/Indirect
Subsidiary Anthony Alan Foods Ltd California Cake Company Ltd
California Cake Company (Holdings) Ltd Campbells Cake Company Ltd Campbells Cake (Holdings) Ltd Dr Zak’s Ltd
Fennel Acquisition Ltd Fletchers Bakeries Ltd
Fletchers Bakeries Investment Ltd Goswell Enterprises Ltd Goswell Marketing Ltd
Johnstone’s Food Service Ltd Lightbody Celebration Cakes Ltd Lightbody Group Ltd Lightbody Holdings Ltd Lightbody of Hamilton Ltd Lightbody-Stretz Ltd Memory Lane Cakes Ltd Murray Traders Ltd Nicholas & Harris Ltd Storesurvey Ltd
ownership
Indirect Direct
incorporation Country of
Indirect Direct
Direct England and Wales Scotland Scotland Scotland Scotland
Indirect England and Wales Direct England and Wales Indirect England and Wales Indirect England and Wales Indirect England and Wales Indirect England and Wales Indirect Indirect Direct
Indirect Indirect Indirect Direct
Indirect shares held 2015
Scotland Scotland Scotland Scotland Scotland Scotland
England and Wales Scotland
Indirect England and Wales Direct England and Wales
Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary £1 Ordinary 1p Preference £1 Ordinary £1 Ordinary £1
100% 100% 100% 100% 100% 25%
100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 50%
100% 10.5% 100% 100%
In accordance with the transitional provisions of IFRS10, the Group reassessed the control conclusion for its investees at 1 January 2014. No modifications of previous conclusions about control regarding the Group’s investees were required.
41 Fixed Asset Investments £000
Cost At beginning of financial year Additions Disposals
At end of financial year
Net book value At 27 June 2015 At 28 June 2014
61,587 39,084
(42) 100,629
100,629 61,587
The additions relate to the consideration paid for the acquisition of the Fletchers Group of Bakeries. The disposals relate to share option credit of £42,000 (2014: credit £136,000) 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 was deferred at the time of sale, and was received on 27 February 2015.
Class of Ownership Ownership 2014
100% 100% 100% 100% 100% - - - -
100% 100% -
100% 100% 100% 100% 50%
100% 10.5% 100% 100%
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