Lenovo 2010 Annual Report Download - page 52

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2009/10 Annual Report Lenovo Group Limited
50
DIRECTORS’ REPORT
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, 2010.
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 performance for the year by operating segment 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 70.
The state of affairs of the Group and of the Company as at March 31, 2010 is set out in the consolidated and company balance
sheets on pages 72 to 74.
The consolidated cash flows of the Group for the year are set out in the statement on page 75.
An interim dividend of HK1.0 cent (2009: HK3.0 cents) per ordinary share, amounting to a total of approximately HK$95 million
(approximately US$12 million) (2009: approximately HK$276 million (approximately US$36 million)), was paid to shareholders
during the year.
The directors recommend the payment of a final dividend of HK4.5 cents per ordinary share (2009: Nil). Subject to shareholders’
approval at the forthcoming annual general meeting, the final dividend will be payable on Monday, August 9, 2010 to the
shareholders whose names appear on the Register of Members of ordinary shares of the Company on Friday, July 30, 2010.
The Register of Members of ordinary shares of the Company will be closed from Wednesday, July 28, 2010 to Friday, July 30,
2010, both dates inclusive, during which period, no transfer of ordinary shares will be registered. In order to qualify for the
proposed final dividend and for attending and voting at the forthcoming annual general meeting, all properly completed transfer
forms accompanied by the relevant share certificates must be lodged with the Company’s share registrar not later than 4:30
p.m. on Tuesday, July 27, 2010.
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, 2010 and for the last four
financial years are set out on page 148.
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 30 to the financial statements respectively.
Distributable reserves
At March 31, 2010, the distributable reserves of the Company amounted to US$570,311,000 (2009: US$545,702,000).
Bank loans
Particulars of bank loans as at March 31, 2010 are set out in notes 28(a) and 32 to the financial statements.
Donations
Charitable and other donations made by the Group during the year amounted to US$497,000 (2009: US$2,993,000).
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 14 to the
financial statements.
Share capital
Details of the movements in the share capital of the Company are set out in note 29 to the financial statements.
Subsidiaries and associated companies
Particulars of the Company’s principal subsidiaries and associated companies as at March 31, 2010 are set out in notes 38 and
19 to the financial statements respectively.