Lenovo 2009 Annual Report Download - page 4

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2008/09 Annual Report Lenovo Group Limited
2
FINANCIAL HIGHLIGHTS
2008/09 Annual Report Lenovo Group Limited
2
2009 2008 Year-on-year
For the year ended March 31 US$ million US$ million Change
Continuing Operations1
Sales 14,901 16,352 -8.9%
Gross profit2 1,779 2,450 -27.4%
Gross profit margin2 (%) 11.9 15.0 -3.1 pts
Operating expenses2 1,773 1,921 -7.7%
Expense-to-revenue ratio2 (%) 11.9 11.7 0.2 pts
EBITDA2 216 798 -72.9%
Pre-tax income2 29 560 -94.8%
Pre-tax income margin2 (%) 0.2 3.4 -3.2 pts
Group Results
(Loss)/Profit attributable to shareholders (226) 484 N/A
EPS – basic (US cents) (2.56) 5.51 N/A
EPS – diluted (US cents) (2.56) 5.06 N/A
Interim dividend per share (HK cents) 3.0 3.0 –
Final dividend per share (HK cents) – 12.8 N/A
Total dividend per share (HK cents) 3.0 15.8 -81.0%
Cash and Working Capital
Bank deposits and cash 1,863 2,191 -15.0%
Total bank borrowings 685 561 22.1%
Net cash reserves 1,178 1,630 -27.7%
Cash conversion cycle (days) (23) (28) 5
Notes:
1 The disposal of mobile handset business was completed in March 2008. Continuing operations exclude mobile handset business.
2 Excluding restructuring charges and one-off charges.