Lenovo 2008 Annual Report Download - page 4

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2Lenovo Group Limited • Annual Report 2007/08
FINANCIAL HIGHLIGHTS
2008 2007 Year-on-year
For the year ended March 31 US$ mn US$ mn Change
Continuing Operations1
Sales 16,352 13,978 17.0%
Gross profit 2,450 1,887 29.8%
Gross profit margin (%) 15.0 13.5 1.5 pts
Operating expenses21,921 1,722 11.5%
Expense-to-revenue ratio (%) 11.7 12.3 (0.6 pts)
EBITDA2798 375 113.0%
Pre-tax income 513 155 231.8%
Pre-tax income margin (%) 3.1 1.1 2.0 pts
Group Results
Profit attributable to shareholders 484 161 200.5%
EPS – basic (US cents) 5.51 1.87 194.7%
EPS – diluted (US cents) 5.06 1.84 175.0%
Interim dividend per share (HK cents) 3.0 2.4 25.0%
Proposed final dividend per share (HK cents) 12.8 2.8 357.1%
Proposed total dividend per share (HK cents) 15.8 5.2 203.8%
Cash and Working Capital
Bank deposits, cash and cash equivalents 2,191 1,064 106.0%
Total bank borrowings 561 118 375.4%
Net cash reserves 1,630 946 72.4%
Cash conversion cycle (days) (28) (27) (1)
Notes:
1 The disposal of mobile handset business was completed in March 2008. Continuing operations exclude mobile handset business.
2 Excluding restructuring charges