Chairman’s Report (continued)  Equity  Dividend  Expansion  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003  5  The Company intends to continue to pursue a strategy of steady expansion both within Australia and overseas.  During the 12 months to 30 June 2003, new  complexes were opened as follows:  Since the end of this financial year new complexes  have been opened at:  The recommended final dividend is 2.5c per share fully franked. No provision is made in the Statement of Financial  Position for this recommended final dividend. The total dividend for the year will be 5.0c fully franked.  Total equity at 30 June 2003 (consolidated) was $1.03 billion compared to $875.89 million – an increase of $158.14  million or 18.1%. Of the total equity of $1.03 billion, an amount of $67.89 million (2002: $69.97 million) is attributable  to outside equity interests. | would like to thank my fellow Directors, Harvey an employees, franchisees and their staff for their continuing efforts and loyalty. G HARVEY CHAIRMAN Location Store NSW Caringbah (Domayne), Chatswood Express  VIC  Hoppers Crossing QLD Maroochydore (Mega Flooring Depot), City Gate (Harvey Norman/Domayne), SA Adelaide (Renovations) WA  Armadale, Peppermint Grove  ACT Fyshwick (Domayne) New Zealand  Hastings, Tory Street Wellington, Mt  Maunganui, Hamilton, Whangarei,  Invercargill Slovenia Ljubljana  Location  Store  VIC Melbourne (Renovations) QLD  Burleigh Heads (Mega Flooring Depot),  Mt Isa  Ireland  Dublin (Swords), Dundalk