Lenovo 2013 Annual Report Download - page 96

DIRECTORS’ REPORT
Lenovo Group Limited 2012/13 Annual Report
94
The directors of Lenovo Group Limited (the “Company”) submit their report together with the audited financial statements of the
Company and its subsidiaries (collectively, the “Group”) for the year ended March 31, 2013.
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 39 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 112 of this annual report.
The state of affairs of the Group and of the Company as at March 31, 2013 is set out in the consolidated and company balance
sheets on pages 114 to 116 of this annual report.
The consolidated cash flows of the Group for the year are set out in the statement on page 117 of this annual report.
An interim dividend of HK4.5 cents (2012: HK3.8 cents) per ordinary share, amounting to a total of approximately HK$464.5 million
(approximately US$59.9 million) (2012: approximately HK$392.2 million (approximately US$50.5 million)), was paid to shareholders
during the year.
The directors recommend the payment of a final dividend of HK14.0 cents per ordinary share for the year ended March 31, 2013
(2012: HK10.0 cents). Subject to shareholders’ approval at the forthcoming annual general meeting (“AGM”), the proposed final
dividend will be payable on Friday, July 26, 2013 to the shareholders whose names appear on the register of members of ordinary
shares of the Company on Monday, July 22, 2013.
For the purposes of determining shareholders’ eligibility to attend and vote at the AGM, and entitlement to the proposed 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 shareholders’ eligibility to attend and vote at AGM:
Latest time to lodge transfer documents for registration 4:30 p.m. on Monday, July 15, 2013
Closure of register of members of ordinary shares Tuesday, July 16, 2013
Record date Tuesday, July 16, 2013
(ii) For determining shareholders’ entitlement to the proposed final dividend:
Latest time to lodge transfer documents for registration 4:30 p.m. on Friday, July 19, 2013
Closure of register of members of ordinary shares Monday, July 22, 2013
Record date Monday, July 22, 2013
During the above closure periods, no transfer of shares will be registered. To be eligible to attend and vote at the AGM, and to
qualify for the proposed final dividend, all properly completed transfer documents accompanied by the relevant share certificates
must be lodged for registration with the Company’s share registrar, 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, 2013 and for the last four
financial years are set out on page 184 of this annual report.
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, 2013, the distributable reserves of the Company amounted to US$290,204,000 (2012: US$231,799,000).