Lenovo 2015 Annual Report Download - page 124

122 Lenovo Group Limited 2014/15 Annual Report
DIRECTORS’ REPORT
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, 2015.
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 37 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 140 of this annual report.
The state of affairs of the Group and of the Company as at March 31, 2015 is set out in the consolidated balance sheet on pages
142 to 143 of this annual report and the company balance sheet in note 30(a) to the financial statements respectively.
The consolidated cash flows of the Group for the year are set out in the statement on page 144 of this annual report.
An interim dividend of HK6.0 cents (2014: HK6.0 cents) per share, amounting to a total of approximately HK$666.5 million
(approximately US$86.0 million) (2014: approximately HK$623.6 million (approximately US$80.4 million)), was paid to shareholders
during the year.
The directors recommend the payment of a final dividend of HK20.5 cents per share for the year ended March 31, 2015 (2014:
HK18.0 cents). Subject to shareholders’ approval at the forthcoming annual general meeting (“AGM”), the proposed final dividend
will be payable on Tuesday, July 14, 2015 to the shareholders whose names appear on the register of members of the Company
on Wednesday, July 8, 2015.
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 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 Tuesday, June 30, 2015
Closure of register of members Thursday, July 2, 2015
Record date Thursday, July 2, 2015
(ii) For determining shareholders’ entitlement to the proposed final dividend:
Latest time to lodge transfer documents for registration 4:30 p.m. on Tuesday, July 7, 2015
Closure of register of members Wednesday, July 8, 2015
Record date Wednesday, July 8, 2015
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 Level 22, Hopewell Centre, 183
Queen’s Road East, Hong Kong no later than the aforementioned latest times.
BUSINESS REVIEW
The business review of the Group for the year ended March 31, 2015 are provided in the Chairman and CEO Statement,
Management’s Discussion and Analysis and the Corporate Social Responsibility Report of this annual report.
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, 2015 and for the last four
financial years are set out on page 211 of this annual report.
DISTRIBUTABLE RESERVES
At March 31, 2015, the distributable reserves of the Company amounted to US$814,506,000 (2014: US$375,324,000).