| (b) | Dividends |
| (i) | Dividends attributable to the year: |
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2017 Million |
2016 Million |
2015 Million |
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Ordinary interim dividend declared and paid of HK$1.623 (equivalent to approximately RMB1.409) (2016: HK$1.489 (equivalent to approximately RMB1.273); 2015: HK$1.525 (equivalent to approximately RMB1.203)) per share |
28,211 | 26,227 | 25,629 | |||||||||
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Special dividend declared and paid of HK$3.200 (equivalent to approximately RMB2.777) per share |
55,621 | — | — | |||||||||
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Ordinary final dividend proposed after the balance sheet date of HK$1.582 (equivalent to approximately RMB1.322) (2016: HK$1.243 (equivalent to approximately RMB1.112); 2015: HK$1.196 (equivalent to approximately RMB1.002)) per share |
27,077 | 22,766 | 20,516 | |||||||||
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| 110,909 | 48,993 | 46,145 | ||||||||||
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The proposed ordinary final dividend which is declared in Hong Kong dollar is translated into RMB with reference to the rate HK$1 = RMB0.83591, being the rate announced by the State Administration of Foreign Exchange in the PRC on December 29, 2017 (December 31, 2016: HK$1 = RMB0.89451; December 31, 2015: HK$1 = RMB0.83778). As the ordinary final dividend is declared after the balance sheet date, such dividend is not recognized as liability as of December 31, 2017.
In accordance with the 2009 Notice and the PRC enterprise income tax law, the Company is required to withhold enterprise income tax equal to 10% of any dividend when it is distributed to non-resident enterprise shareholders whose names appeared on the Company’s register of members, as of the record date for such dividend, and who were not individuals.
| (ii) | Dividends attributable to the previous financial year, approved and paid during the year: |
| 2017 | 2016 | 2015 | ||||||||||
| Million | Million | Million | ||||||||||
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Ordinary final dividend in respect of the previous financial year, approved and paid during the year, of HK$1.243 (equivalent to approximately RMB1.112) (2016: HK$1.196 (equivalent to approximately RMB1.002); 2015: HK$1.380 (equivalent to approximately RMB1.089)) per share |
22,204 | 20,764 | 22,283 | |||||||||
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