REPORTING CONTEXT ABOUT US OUR OPERATING CONTEXT OUR PERFORMANCE OUR LEADERSHIP GOVERNANCE OUR FINANCIAL STATEMENTS SHAREHOLDERS' CORNER 22. DIVIDENDS On 18 November 2021, the Board of Directors declared an interim dividend of MUR 4.20 per share (2021: MUR 4.00 per share) which was paid on 27 December 2021. On 14 June 2022, a final dividend of MUR 9.10 per share (2021: MUR 8.8 per share) was declared and paid on 15 July 2022. THE COMPANY 2022 MUR '000 2021 MUR '000 Dividends declared 2022: MUR 13.30 per share (2021: MUR 12.80 per share) 218 745 210 522 Refer to Note 18 for dividend payable as at end of financial year. 23. REVENUE Disaggregated revenue information Set out below is the disaggregation of the Group’s revenue from contracts with customers: THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Type of goods Non-alcoholic beverage 4 453 624 4 049 083 3 281 917 2 880 232 Alcoholic beverage 4 924 963 4 204 901 4 394 434 3 856 023 Discount and trade deals (370 508) (389 494) (174 537) (201 620) 9 008 079 7 864 490 7 501 814 6 534 635 Recycled glass and related products 6 843 3 869 – – Total revenue 9 014 922 7 868 359 7 501 814 6 534 635 Geographical markets Local 7 394 710 6 450 132 7 501 814 6 534 635 Overseas 1 620 212 1 418 227 – – Total revenue 9 014 922 7 868 359 7 501 814 6 534 635 Timing of revenue recognition Goods transferred at a point in time 9 014 922 7 868 359 7 501 814 6 534 635 Revenue, net of excise and other specific duties amounted to MUR 6 367m for the Group (2021: MUR 5 407m) and MUR 4 854m for the Company (2021: MUR 4 073m). 24. EXPENSES BY NATURE THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Depreciation on property, plant and equipment (note 5) 364 606 332 565 297 369 267 580 Depreciation on right-of-use assets (note 19 (a)) 98 203 102 917 61 584 54 436 Amortisation of intangible assets (note 6) 2 102 2 119 1 213 1 199 Employee benefit expense (note 25) 1 035 805 1 009 015 710 367 695 471 Changes in inventories of finished goods and work in progress (112 980) (58 086) (63 508) (76 946) Purchases of finished goods, raw materials and consumables used 2 899 021 2 162 891 2 206 769 1 698 627 Excise and other specific duties 2 647 776 2 461 226 2 647 776 2 461 226 Other marketing and selling expenses 324 631 272 255 272 884 241 058 Management fees 163 477 152 833 163 477 152 833 Impairment of investment in subsidiary (note 7) – – 442 – Other expenses 995 164 850 716 691 389 603 958 Total cost of sales, warehousing, selling and marketing and administrative expenses 8 417 805 7 288 451 6 989 762 6 099 442 25. EMPLOYEE BENEFIT EXPENSE THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Wages, salaries and other employee benefits 876 751 843 147 633 859 608 520 Social security costs 106 878 100 346 25 100 22 322 Pension costs – defined benefit plans (note 17(iv)) 22 533 34 383 22 327 34 135 Pension costs – defined contribution plans 29 643 31 139 29 081 30 494 1 035 805 1 009 015 710 367 695 471 26. OTHER INCOME THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Interest income 779 701 258 417 Dividend income 724 77 24 943 2 795 Profit on disposal of plant and equipment 1 494 2 327 267 2 327 Management fees received – – 3 503 2 484 Sundry income 15 854 9 781 21 821 16 874 Net foreign exchange gains 117 43 878 117 – 18 968 56 764 50 909 24 897 NOTES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 197 196 Phoenix Beverages Limited Integrated Report 2022 Phoenix Beverages Limited Integrated Report 2022
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