Notes to the financial statements
For the 52 weeks ended 1 March 2008
13. Dividends
| 52 weeks ended 1 March 2008 £m |
Short period ended 3 March 2007 £m |
|
|---|---|---|
| Amounts recognised as distributions to equity holders | ||
| Final dividend of 9.0p per share for the short period ended 3 March 2007 | 78.1 | – |
| Interim dividend of 4.7p per share (2007: 4.0p) | 40.8 | 34.6 |
| Ordinary dividends on equity shares | 118.9 | 34.6 |
A final dividend in respect of the period ended 1 March 2008 of 10.0p per share, amounting to a total final dividend of £86.8m, has been recommended by the Board of Directors, and is subject to approval by the shareholders at the Annual General Meeting. This would make a total dividend for the period of 14.7p per share, amounting to £127.6m. The recommended dividend has not been included as a liability at 1 March 2008 in accordance with IAS 10 ‘Events after the balance sheet date’. It will be paid on 23 July 2008 to shareholders who are on the register of members at close of business on 23 May 2008. The Home Retail Group Employee Share Ownership Trust (‘ESOT’) has waived its entitlement to dividends in the amount of £1.3m (2007: £0.7m).
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