NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 31. Reserves (a) Revenue reserves Company 2024 2023 Rp million Rp million Retained earnings: Balance at 1 January 358,919 611,310 Profit/(loss) for the year 76,753 (128,830) Dividends (132,838) (123,561) Balance at 31 December 302,834 358,919 (b) Other reserves Company 2024 2023 Rp million Rp million Balance at 1 January and 31 December 144,152 144,152 Other reserves of the Company pertain to the gain on sale of treasury shares in the previous financial year. Other reserves of the Group comprise capital reserves of subsidiary companies, gain on sale of treasury shares, re-measurement of employee benefits liabilities and foreign currency translation differences. Movement in the reserves of the Group are shown in the consolidated statement of changes in equity. (c) Dividends Company 2024 2023 Rp million Rp million Declared and paid during year: Dividends on ordinary shares: - Final tax exempt (one-tier) dividend: S$0.008 (2023: S$0.008) per share 132,838 123,561 Proposed but not recognised as a liability as at 31 December: Dividends on ordinary shares, subject to shareholders’ approval at the forthcoming AGM: - Final tax exempt (one-tier) dividend for 2024: S$0.010 (2023: S$0.008) per share 166,383 130,787 Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Annual Report 2024 149
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