Lenovo 2016 Annual Report Download - page 141

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2015/16 Annual Report Lenovo Group Limited
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, 2016 and for the last
four financial years are set out on page 243 of this annual report.
DISTRIBUTABLE RESERVES
At March 31, 2016, the distributable reserves of the Company amounted to US$335,170,000 (2015: US$814,506,000).
BANK BORROWINGS
Particulars of bank borrowings as at March 31, 2016 are set out in note 27 to the financial statements.
DONATIONS
Charitable and other donations made by the Group during the year amounted to US$1,878,000 (2015: US$1,535,000).
SHARE CAPITAL
Details of movement of share capital of the Company during the year are set out in note 29 to the financial statements.
No share was issued during the year.
DEBENTURES ISSUED
The Company has issued the RMB4,000,000,000 4.950% Notes due 2020 which was listed on The Stock Exchange of Hong
Kong Limited (the “Stock Exchange”) on June 10, 2015. The net proceed of RMB3,977,334,000 from the Notes will be
used for general corporate purposes of the Company including working capital. Subject to the terms thereof, the Notes
will constitute direct, general, unsecured and unsubordinated obligations of the Company and shall at all times rank pari
passu and without any preference among themselves.
Details of the debentures issued by the Company during the year are set out in note 27 to the financial statements.
EQUITY-LINKED AGREEMENTS
No equity-linked agreements were entered by the Company during the year or subsisted at the end of the year save for
the “Long-Term Incentive Program” as disclosed in the Compensation Committee Report and note 29(a) to the financial
statements.
SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
Particulars of the Company’s principal subsidiaries, associates and joint ventures as at March 31, 2016 are set out in
notes 37 and 18 to the financial statements respectively.
MANAGEMENT CONTRACTS
No contracts concerning the management and administration of the whole or any substantial part of the business of the
Company were entered into or existed during the year.
MAJOR CUSTOMERS AND SUPPLIERS
During the year, the Group sold less than 12% of its goods and services to its five largest customers. The percentages of
purchases for the year attributable to the Group’s major suppliers are as follows:
The largest supplier 20%
Five largest suppliers combined 39%
None of the directors of the Company, their close associates or any shareholder (which to the knowledge of the
directors own more than 5% of the number of issued shares of the Company) had an interest in the major suppliers
noted above.