Dividends due and receivable
Statement Purpose
This statement identifies aggregated dividend amounts from the accrued dividend amounts at balance date from all single entities. These amounts are then deducted from the total accrued dividends at balance date to determine the adjustment in the tax reconciliation for dividends not derived in the period.
Data Flow
The information within the current year section is aggregated from all entities within the group. The total current year amount at the end of the financial year is rolled forward to the future year’s calculation as the total prior year amount.
Explanation of Fields
The other details requiring manual entry include any group adjustments of the aggregated dividends accrued at balance date but with a due/payment date on or earlier than the period end date (example: June 30).
For the first-year calculation, the
Total prior year
amount is to be manually entered. After the first year, this section will roll forward from previous periods.Signage
Signage is user-determined. To include amounts as part of taxable income of the super, enter amounts as positive in the current period section. The
Total prior year
will either roll forward as the opposite sign or should be entered as the opposite sign.