Lenovo 2010 Annual Report Download - page 4

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2009/10 Annual Report Lenovo Group Limited
2
For the year ended March 31
2010
US$ million
2009
US$ million
Year-on-year
Change
Sales 16,605 14,901 11.4%
Gross pro t11,790 1,834 -2.4%
Gross pro t margin1 (%) 10.8 12.3 -1.5 pts
Operating expenses1(1,586) (1,811) -12.4%
Expense-to-revenue ratio1 (%) 9.6 12.2 -2.6 pts
EBITDA1 432 305 41.7%
Pre-tax income1161 28 475%
Pre-tax income margin1 (%) 1.0 0.2 0.8 pts
Group Results
Pro t/(loss) attributable to equity holders
of the Company 129 (226) N/A
EPS – basic (US cents) 1.42 (2.56) N/A
EPS – diluted (US cents) 1.33 (2.56) N/A
Interim dividend per share (HK cents) 1.0 3.0 -67%
Final dividend per share (HK cents) 4.5 – N/A
Total dividend per share (HK cents) 5.5 3.0 83%
Cash and Working Capital
Bank deposits, cash and cash equivalents 2,439 1,863 30.9%
Total bank borrowings (495) (685) -27.7%
Net cash reserves 1,944 1,178 65.0%
Cash conversion cycle (day) (30) (23) (7)
Notes:
1 Excluding restructuring charges and one-off charges.
FINANCIAL HIGHLIGHTS