Dividends-capital commitments-notes to the accounts, Financial Accounting

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Dividends

During the year, the company paid a dividend of Sh.2 per share on the ordinary share s outstanding and Sh.1 on the preference shares outstanding. The company is now proposing a final dividend of Sh.3 per share on ordinary shares and sh.1 on preference shares.

Capital Commitments

The company has contracted X constructors to construct a warehouse a total cost of £200,000. Construction is to begin on 1st June.

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