Lenovo 2013 Annual Report Download - page 6

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For the year ended March 31
2013
US$ million
2012
US$ million
Year-on-year
Change
Group Results
Revenue 33,873 29,574 15%
Gross profit 4,073 3,446 18%
Gross profit margin (%) 12.0 11.7 0.3 pt
Operating expenses (3,273) (2,862) 14%
Expense-to-revenue ratio (%) 9.7 9.7 Nil
EBITDA11,067 821 30%
Pre-tax income 801 582 38%
Pre-tax income margin (%) 2.4 2.0 0.4 pt
Profit attributable to equity holders of the Company 635 473 34%
EPS – basic (US cents) 6.16 4.67 1.49
EPS – diluted (US cents) 6.07 4.57 1.50
Interim dividend per share (HK cents) 4.5 3.8 0.7
Final dividend per share (HK cents)214.0 10.0 4.0
Total dividend per share (HK cents) 18.5 13.8 4.7
Cash and Working Capital
Bank deposits and cash and cash equivalents 3,573 4,171 (14%)
Total bank borrowings (479) (63) 660%
Net cash reserves 3,094 4,108 (25%)
Cash conversion cycle (day) (8) (19) 11
Notes:
1 Excluding restructuring charges and other income, net.
2 Subject to shareholders’ approval at the forthcoming annual general meeting.
Lenovo Group Limited 2012/13 Annual Report
4
FINANCIAL HIGHLIGHTS