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| Total dividend paid each year shall approximately be 50% of net income after income taxes and legal reserve. The annual and interim dividend payments might be subject to be changed, depending on the Company's operations, financial position, future projects and overall economic conditions. Starting from January 1, 2007, the Company adopted the change in accounting treatment for its investments in subsidiary companies and in associates to record such investment using the cost method instead of the equity method in the separate financial statements, which was to comply with the Thai Accounting Standard No. 44. CPF will determine dividend payout from net profit of the separate financial statements to conform to the provisions of the Public Company Act except for the year 2007, which was the first year of the adoption. In the separate financial statement of the year 2007, the Company recorded dividend income from subsidiaries derived from their retained earnings as of January 1, 2007, which the Company previously allocated as dividend payments to shareholders as a result of recording investment in subsidiaries using the equity method. Therefore, to consider interim and annual dividend payment for this year, the Company will discard such dividend income from subsidiaries. In addition, for each dividend payment, the operating results of the subsidiaries will be taken into consideration as well. |
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In addition, CPF has duty to comply with the terms and conditions of its debentures No. 1/2004 series 1 due in 2007 & series 2 due in 2009 and debentures No.1/2005 series 1 due in 2008 & series 2 due 2010 which prohibit CPF to pay cash dividends to shareholders in the amount exceeding 60% of net profit in each fiscal year for the duration of the term of those debentures. In addition, the terms and conditions of its debentures No.1/2006 series 1 due in 2009 & series 2 due in 2011 prohibit CPF to pay cash dividends to shareholders in the amount exceeding 60% of net profit in the consolidated financial statements in each fiscal year for the duration of the term of those debentures. However, total dividend payment shall not exceed net profit in separate financial statement. If CPF is unable to service interest or any amount becomes due to the debenture-holders, it is not permitted to pay cash dividends to shareholders.
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| Year 2006 |
Dividend Payment (THB per share) |
Payment Date |
| First Interim Payment |
0.05 |
June 8, 2006 |
| Second Interim Payment |
0.07 |
September 1, 2006 |
| Third Interim Payment |
0.05 |
December 7, 2006 |
| Annual Payment |
0.02 |
May 24, 2007 |
| Total Payment |
0.19 |
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| Year 2005 |
Dividend Payment (THB per share) |
Payment Date |
| First Interim Payment |
0.12 |
June 10, 2005 |
| Second Interim Payment |
0.18 |
September 8, 2005 |
| Third Interim Payment |
0.14 |
December 8, 2005 |
| Annual Payment |
0.06 |
May 25, 2006 |
| Total Payment |
0.50 |
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| Year 2004 |
Dividend Payment (THB per share) |
Payment Date |
| First Interim Payment |
0.07 |
September 9, 2004 |
| Second Interim Payment |
0.04 |
December 9, 2004 |
| Total Payment |
0.11 |
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| Year 2003 |
Dividend Payment (THB per share) |
Payment Date |
| First Interim Payment |
0.05 |
September 5, 2003 |
| Second Interim Payment |
0.14 |
December 4, 2003 |
| Annual Payment |
0.04 |
May 7, 2004 |
| Total Payment |
0.23 |
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| Year 2002 |
Dividend Payment (THB per share) |
Payment Date |
| First Interim Payment |
0.11 |
June 12, 2002 |
| Second Interim Payment |
0.12 |
September 12, 2002 |
| Third Interim Payment |
0.08 |
December 12, 2002 |
| Annual Payment |
0.03 |
April 28, 2003 |
| Total Payment |
0.34 |
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