Notes to the Financial Statements Returns, Risk & Capital Management 9 Proceeds from shares issued through the Institutional Placement and SPP are presented net of $40.6m in transaction costs. Note 10: Shareholder Returns (a) Dividends Dividends are paid from the retained earnings and profits of CSL Limited, as the parent entity of the Group. (Refer to Note 22 for the parent entity’s retained earnings). During the year, the parent entity reported profits of $506.8m (2021: $106.1m). The parent entity’s retained earnings as at 30 June 2022 were $6,322.6m (2021: $6,854.4m). During the financial year $1,038.7mwas distributed to shareholders by way of a dividend, with a further $568.4m being determined as a dividend payable subsequent to the balance date. Dividend Paid 2022 US$m 2021 US$m Paid: Final ordinary dividend of US$1.18 per share, 10% franked at 30% tax rate, paid on 30 September 2021 for FY21 (prior year: US$1.07 per share, unfranked, paid on 9 October 2020 for FY20) 537.7 484.7 Paid: Interim ordinary dividend of US$1.04 per share, unfranked, paid on 6 April 2022 for FY22 (prior year: US$1.04 per share, unfranked, paid on 1 April 2021 for FY21) 501.0 473.3 Total paid 1,038.7 958.0 Dividend determined, but not paid at year end: Final ordinary dividend of US$1.18 per share, 10% franked at 30% tax rate, expected to be paid on 5 October 2022 for FY22, based on shares on issue at reporting date. The aggregate amount of the proposed dividend will depend on actual number of shares on issue at dividend record date (prior year: US$1.18 per share, 10% franked at 30% tax rate, paid on 30 September 2021 for FY21) 568.4 537.0 The distribution in respect of the 2022 financial year represents a US$2.22 dividend paid for FY22 on each ordinary share held. These dividends are approximately 46.2% of the Group’s basic earnings per share ('EPS') of US$4.81. (b) Earnings per Share CSL’s basic and diluted EPS are calculated using the Group’s net profit for the year of $2,254.7m (2021: $2,375.0m). 2022 2021 Basic EPS US$4.81 US$5.22 Weighted average number of ordinary shares 468,754,857 454,865,604 Diluted EPS US$4.80 US$5.21 Adjusted weighted average number of ordinary shares, represented by: 470,117,188 456,203,803 Weighted average number of ordinary shares 468,754,857 454,865,604 Plus: Employee Share Plans (refer to Notes 6 and 18) 1,362,331 1,338,199 Diluted EPS differs from Basic EPS as the calculation takes into account potential ordinary shares arising from employee share plans operated by the Group. (c) Contributed Equity The following table illustrates the movement in the Group’s contributed equity. Refer to Note 12 for further details. 2022 2021 Number of shares US$m Number of shares US$m Opening balance 455,125,994 (4,504.6) 454,048,707 (4,561.0) Shares issued to employees via (Notes 6 and 18): Performance Options Plan – – 308,186 24.4 Performance Rights Plan (for nil consideration) 8,350 – 197,646 – Retain and Grow Plan (for nil consideration) 294,020 – 253,126 – Executive Performance & Alignment Plan (for nil consideration) 148,615 – 138,369 – Global Employee Share Plan (GESP) 94,488 8.7 179,960 32.0 Shares issued through Institutional Placement (Note 2)9 23,076,924 4,442.4 – – Shares issued through SPP (Note 2)8 2,957,875 537.3 – – Closing balance 481,706,266 483.8 455,125,994 (4,504.6) CSL Limited Annual Report 2021/22 118
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