Lenovo 2011 Annual Report Download - page 54

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2010/11 Annual Report Lenovo Group Limited 57
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, 2011.
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 73.
The state of affairs of the Group and of the Company as at March 31, 2011 is set out in the consolidated and company balance
sheets on pages 75 to 77.
The consolidated cash flows of the Group for the year are set out in the statement on page 78.
An interim dividend of HK2.6 cents (2010: HK1.0 cents) per ordinary share, amounting to a total of approximately HK$252.6 million
(approximately US$32.6 million) (2010: approximately HK$95 million (approximately US$12 million)), was paid to shareholders
during the year.
The directors recommend the payment of a final dividend of HK5.0 cents per ordinary share (2010: HK4.5 cents). Subject to
shareholders’ approval at the forthcoming annual general meeting, the final dividend will be payable on Tuesday, August 2, 2011 to
the shareholders whose names appear on the Register of Members of ordinary shares of the Company on Friday, July 22, 2011.
The Register of Members of ordinary shares of the Company will be closed from Wednesday, July 20, 2011 to Friday, July 22,
2011, 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 19, 2011.
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, 2011 and for the last four
financial years are set out on page 138.
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 respectively.
Distributable Reserves
At March 31, 2011, the distributable reserves of the Company amounted to US$423,131,000 (2010: US$570,311,000).
Bank Loans
Particulars of bank loans as at March 31, 2011 are set out in notes 28(a) and 33 to the financial statements.
Donations
Charitable and other donations made by the Group during the year amounted to US$2,143,000 (2010: US$497,000).
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 30 to the financial statements.
Subsidiaries and Associates
Particulars of the Company’s principal subsidiaries and associates as at March 31, 2011 are set out in notes 38 and 19 to the
financial statements respectively.