46 Directors’ Report 2012 Upstream Gas: Energy Investments: Centrally Managed Expenses: Changes in State of Affairs Principal Activities Dividends Events Subsequent to Balance Date Likely Developments, Strategies and Prospects Environmental Regulation Further information in respect of the Group’s environmental performance is published in the AGL Sustainability Performance Report  available on the AGL website. Table 1  sets out notifiable environmental incidents and non-compliances that relate to these requirements, which occurred during the  reporting period. There were no fines or infringement notices applied to AGL’s operations during the reporting period. AGL businesses are subject to a range of environmental laws and regulations as well as project and site-specific environmental permits and  approvals issued at both Federal and State Government levels. Further information about likely developments in the operations of AGL and its consolidated entity and the expected results of those  operations in the future has been included in this Annual Report except to the extent disclosure of the information would be likely to result  in unreasonable prejudice to the consolidated entity. Apart from matters discussed elsewhere in this Annual Report, the Directors are not aware of any other matter or circumstance which has  arisen since 30 June 2012 that has significantly affected or may significantly affect the operations of the consolidated entity, the results of  those operations, or the state of affairs of the consolidated entity in the future. Final dividend of 32.0 cents per share (100% franked) payable on 27 September 2012 $174.7 million Interim dividend of 29.0 cents per share (100% franked) paid on 5 April 2012 $135.0 million Final dividend of 31.0 cents per share (100% franked) referred to in the previous Directors’ Report and paid on 29 September 2011 $143.2 million The following dividends have been paid or declared by the Directors since 30 June 2011: The acquisition of Great Energy Alliance Corporation Pty Limited (GEAC) was completed on 29 June 2012 which included the 2,210 MW  Loy Yang A power station and associated coal mine. This increased significantly the base load electricity capacity of AGL by substantially  increasing the owned physical generation output of the business. In the opinion of the Directors there were no other significant changes in the state of affairs of the AGL consolidated entity that occurred  during the financial year other than those included in this Annual Report. Centrally managed expenses increased by $20.6 million to $177.2 million. Labour cost increased by $7.0 million (13.8%) in part due to  provisions associated with long service leave and employee incentives. Other centrally managed expenses increased by $5.3 million (27.5%)  including increases in land tax and centralisation of recruitment processes. Operating EBIT decreased to $24.5 million compared with $40.5 million in the prior corresponding period. Depressed electricity pool prices  and the effect of financing costs led to a decrease in earnings from AGL’s investment in Loy Yang A. Operating EBIT decreased to $0.6 million compared with $14.3 million for the prior corresponding period. The major factor behind the decline  was a significantly lower level of gas storage service fees which in the prior corresponding period amounted to $16.7 million. > Buying and selling of gas and electricity; > Construction and/or operation of power generation and energy processing infrastructure; > Development of natural gas production and storage facilities; and > Exploration, extraction, production and sale of coal seam gas (CSG).