Declare Dividend

One rate for the year, applied to every member’s share investment.

@if (result) {

@if (hasSkipped) { Declared for {{ result.financialYear }} — {{ result.skipped.length }} {{ result.skipped.length === 1 ? 'product was' : 'products were' }} skipped } @else { Dividend declared for {{ result.financialYear }} }

{{ result.declarationsCreated }} {{ result.declarationsCreated === 1 ? 'declaration' : 'declarations' }} created. Each still needs approval before members can claim. @if (hasSkipped) { Members of the skipped {{ result.skipped.length === 1 ? 'product' : 'products' }} below will receive nothing for this year — check the reason and declare separately if that is not intended. }

@for (row of result.created; track row.productId) { } @for (row of result.skipped; track row.productId) { }
{{ row.productName }} {{ row.amount | number: '1.2-2' }} Declared
{{ row.productName }} — {{ row.reason }}
} @else {
Financial Year @for (year of financialYears; track year.label) { {{ year.label }} }
Dividend Rate (% per annum)  % 

Applied to each member's own share investment, pro-rated for how long they held it.

@if (loadingPreview) { } @if (previewError) {
{{ previewError }}
} @if (preview && !loadingPreview) {
How the dividend is worked out
Share investment (weighted for holding period) {{ preview.totalWeightedCapital | number: '1.2-2' }}
Dividend rate {{ declareForm.value.ratePercentage || 0 }}%
Dividend payable {{ preview.totalAmount | number: '1.2-2' }}
Funded from
Bank profit for {{ preview.financialYear }} {{ preview.profitGlCode }} {{ preview.fundingAvailable | number: '1.2-2' }}
Less dividend payable − {{ preview.totalAmount | number: '1.2-2' }}
@if (exceedsMaximumRate) {
{{ declareForm.value.ratePercentage }}% is above the society's maximum of {{ preview.maximumRatePercentage }}%. Lower the rate, or raise the limit in Configurations if the board has resolved a higher one.
} @else if (isPeriodNotFinished) {
{{ preview.financialYear }} has not finished yet, so its profit is not final. A dividend can only be declared once the financial year is over.
} @else if (isUnderfunded) {
Short by {{ preview.fundingShortfall | number: '1.2-2' }}. There is not enough in {{ preview.profitGlCode }} to fund this dividend — lower the rate, or close the year's profit first.
} @else {
Left in profit (swept to Bank Profit on approval) {{ preview.undistributedRemainder | number: '1.2-2' }}
}
{{ declareForm.value.ratePercentage || 0 }}% on each member’s share investment
@for (product of eligibleProducts; track product.productId) {
{{ product.productName }} {{ product.memberCount }} {{ product.memberCount === 1 ? 'member' : 'members' }} @if (product.accountCount !== product.memberCount) { · {{ product.accountCount }} accounts } {{ product.amount | number: '1.2-2' }}
} @if (eligibleProducts.length > 0) {
Total to declare @if (preview.totalMemberCount) { {{ preview.totalMemberCount }} {{ preview.totalMemberCount === 1 ? 'member' : 'members' }} @if (preview.totalAccountCount !== preview.totalMemberCount) { · {{ preview.totalAccountCount }} accounts } } {{ payableTotal | number: '1.2-2' }}
} @for (product of skippedProducts; track product.productId) {
{{ product.productName }} {{ product.alreadyDeclared ? 'Already declared for this year' : product.reason }}
} @if (eligibleProducts.length === 0) {
No share product is eligible for this year, so there is nothing to declare.
}
} @if (submitError) {
{{ submitError }}
}
}