Lenovo 2012 Annual Report Download - page 89

2011/12 Annual Report Lenovo Group Limited 87
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,2012.
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 104.
The state of affairs of the Group and of the Company as at March 31, 2012 is set out in the consolidated and company balance
sheets on pages 106 to 108.
The consolidated cash flows of the Group for the year are set out in the statement on page 109.
An interim dividend of HK3.8 cents (2011: HK2.6 cents) per ordinary share, amounting to a total of approximately HK$392.2 million
(approximately US$50.5 million) (2011: approximately HK$252.6 million (approximately US$32.6 million)), was paid to shareholders
during the year.
The directors recommend the payment of a final dividend of HK10.0 cents per ordinary share (2011: HK5.0 cents). Subject to
shareholders’ approval at the forthcoming annual general meeting, the final dividend will be payable on Friday, July 13, 2012 to the
shareholders whose names appear on the register of members of ordinary shares of the Company on Monday, July 9, 2012.
For the purposes of determining shareholders’ eligibility to attend and vote at the forthcoming annual general meeting, and
entitlement to the final dividend, the register of members of ordinary shares of the Company will be closed. Details of such closures
are set out below:
(i) For determining eligibility to attend and vote at the forthcoming
annual general meeting:
Latest time to lodge transfer documents for registration
Closure of register of members of ordinary shares
4:30 pm on Thursday, June 28, 2012
Friday, June 29, 2012 to Tuesday, July 3, 2012
(both dates inclusive)
Record date Tuesday, July 3, 2012
(ii) For determining entitlement to the final dividend:
Latest time to lodge transfer documents for registration 4:30 pm on Friday, July 6, 2012
Closure of register of members of ordinary shares Monday, July 9, 2012
Record date Monday, July 9, 2012
During the above closure periods, no transfer of shares will be registered. To be eligible to attend and vote at the forthcoming
annual general meeting, and to qualify for the final dividend, all properly completed transfer forms accompanied by the relevant
share certificates must be lodged for registration with Company’s share registrar in Hong Kong, Tricor Abacus Limited, at 26th
Floor, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong no later than the aforementioned latest times.
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, 2012 and for the last four
financial years are set out on page 176.
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, 2012, the distributable reserves of the Company amounted to US$231,799,000 (2011: US$423,131,000).
Bank Borrowings
Particulars of bank borrowings as at March 31, 2012 are set out in note 28 to the financial statements.
Donations
Charitable and other donations made by the Group during the year amounted to US$714,000 (2011: US$2,143,000).