Lenovo 2009 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2009 Lenovo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 156

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156

DIRECTORS’ REPORT
2008/09 Annual Report Lenovo Group Limited
56
The directors submit their report together with the audited financial statements of the Company and its subsidiaries (collectively, the
“Group”) for the year ended March 31, 2009.
Principal business and geographical analysis of operations
The principal activity of the Company is investment holding. The activities of its principal subsidiaries are set out in note 38 to the
financial statements.
Details of the analyses of the Group’s turnover, revenue and segment information for the year by geographical location and by
principal business are set out in note 5 to the financial statements.
Results and appropriations
The results of the Group for the year are set out in the consolidated income statement on page 76.
The state of affairs of the Group and of the Company as at March 31, 2009 is set out in the balance sheets on page 77.
The consolidated cash flows of the Group for the year are set out in the statement on page 78.
An interim dividend of HK3.0 cents (2007/08: HK3.0 cents) per ordinary share, amounting to a total of about HK$276 million
(approximately US$36 million) (2007/08: HK$269 million (approximately US$35 million)), was paid to shareholders during the year.
The directors do not recommend the payment of a final dividend for the year ended March 31, 2009 (2007/08: HK12.8 cents).
Five-year financial summary
A summary of the results for the year and of the assets and liabilities of the Group as at March 31, 2009 and for the last four financial
years are set out on page 152.
Reserves
Movements in the reserves of the Group and of the Company during the year are set out in the consolidated statement of changes
in equity, and note 31 to the financial statements.
Distributable reserves
At March 31, 2009, the distributable reserves of the Company amounted to US$545,702,000 (2007/08: US$792,934,000).
Bank loans
Particulars of bank loans as at March 31, 2009 are set out in notes 29(b) and 33 to the financial statements.
Donations
Charitable and other donations made by the Group during the year amounted to US$2,993,372 (2007/08: US$7,796,652).
Property, plant and equipment
Details of the movements in property, plant and equipment of the Group and of the Company are set out in note 15 to the financial
statements.
Share capital
Details of the movements in the share capital of the Company are set out in note 30 to the financial statements.
Subsidiaries and associated companies
Particulars of the Company’s principal subsidiaries and associated companies as at March 31, 2009 are set out in notes 38 and 20
to the financial statements respectively.