Lenovo 2012 Annual Report Download - page 4

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2011/12 Annual Report Lenovo Group Limited
2
FINANCIAL HIGHLIGHTS
For the year ended March 31
2012
US$ million
2011
US$ million
Year-on-year
Change
Group Results
Revenue 29,574 21,594 37%
Gross profit 3,446 2,364 46%
Gross profit margin (%) 11.7 10.9 0.8pt
Operating expenses (2,862) (1,982) 44%
Expense-to-revenue ratio (%) 9.7 9.2 0.5pt
EBITDA1 821 603 36%
Pre-tax income 582 358 63%
Pre-tax income margin (%) 2.0 1.7 0.3pt
Profit attributable to equity holders of the Company 473 273 73%
EPS – basic (US cents) 4.67 2.84 1.83
EPS – diluted (US cents) 4.57 2.73 1.84
Interim dividend per share (HK cents) 3.8 2.6 1.2
Final dividend per share (HK cents)210.0 5.0 5.0
Total dividend per share (HK cents) 13.8 7.6 6.2
Cash and Working Capital
Bank deposits and cash and cash equivalents 4,171 2,997 39%
Total bank borrowings (63) (272) (77%)
Net cash reserves 4,108 2,725 51%
Cash conversion cycle (days) (19) (28) 9
Note:
1 Excluding restructuring charges and other income, net.
2 Subject to shareholders’ approval at the forthcoming annual general meeting.