Submitted by: Submitted by joyjoy
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Words: 492
Pages: 2
Category: Business and Industry
Date Submitted: 03/10/2013 08:37 PM
DIVIDEND POLICY:
The Company paid dividends as follows:
For fiscal year 2012, a regular cash dividend of P=1.50 per share and a special dividend of P=0.40 per
share were declared to all stockholders of record as of May 8, 2012 and paid on June 1, 2012.
For fiscal year 2011, a regular cash dividend of P=1.50 per share and a special dividend of P=0.40 per
share were declared to all stockholders of record as of May 31, 2011 and paid on June 27, 2011.
For fiscal year 2010, cash dividend of P=0.94 per share was declared to all stockholders of record as
of May 5, 2010 and paid on May 20, 2010.
SIGNIFICANT TRANSACTION
The Group’s significant transactions with related parties follow:
(a) Sales to related parties (which include affiliates Robinson’s Supermarket, Robinsons
Convenient Store, HURC and Robinsons Handyman) amounted to P=1.6 billion,
P=890.0 million and P=1.4 billion in 2012, 2011 and 2010, respectively. Trade receivables from
HURC amounted to P=18.1 million and P=148.3 million as of September 30, 2012 and 2011,
respectively.
(b) The Group purchases polypropylene resin for BOPP film from JGSPC, an affiliate. BOPP
film is used as one of the raw materials for the Group’s packaging division. Said purchases
amounted to P=1.4 billion, P=813.2 million and P=560.6 million in 2012, 2011 and 2010,
respectively. The Group also purchases power from JGSPC. The said purchases amounted to
P=301.4 million, P=266.2 million and P=179.2 million in 2012, 2011 and 2010, respectively.
(c) JGSHI provides the Group certain corporate services including corporate finance, corporate
planning, procurement, human resources, legal and corporate communications.
(d) The Group leases certain properties from JGSHI. Expenses relating to said lease amounted to
P=16.1 million for year ended 2012 and P=17.0 million for each of the years ended 2011 and
2010.
(e) The Group leases certain properties to various related parties (which include DTPI, NURC
and...