Vtech 2005 Annual Report Download - page 42

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Notes to the Financial Statements
40 VTech Holdings Ltd Annual Report 2005
1 Segment Information
Revenue represents turnover of the Group derived from the
amounts received and receivable for sale of goods and
rendering of services to third parties.
The principal activity of the Group is the design, manufacture
and distribution of consumer electronics products. The
telecommunication and electronic products business is the
principal business segment of the Group.
Primary reporting format — business segments
Year ended 31st March 2005
Telecommunication
and electronic Other
products activities Total
US$ million US$ million US$ million
i Segment revenue 1,020.3 1.7 1,022.0
Segment result 62.4 0.9 63.3
Unallocated corporate
expenses (0.6)
Operating profit 62.7
Net finance income 1.0
Profit from ordinary
activities before
taxation 63.7
Taxation (6.8)
Profit attributable to
shareholders 56.9
ii Segment assets 390.8 1.2 392.0
Associates —0.1 0.1
Unallocated assets 91.3
Total assets 483.4
Segment liabilities 261.2 1.6 262.8
Unallocated liabilities 17.3
Total liabilities 280.1
iii Capital expenditure,
depreciation and
other non-cash revenue
Capital expenditure 21.1 0.4 21.5
Depreciation 17.5 0.7 18.2
Other non-cash revenue (0.7) —(0.7)
The Group evaluates the performance and allocates resources to
its operating segments. There are no sales or transactions
between the business segments. Corporate administrative costs
and assets are not allocated to the operating segments.
Segment assets consist primarily of tangible assets, stocks,
receivables and operating cash. Segment liabilities comprise
operating liabilities and exclude items such as taxation. Capital
expenditure comprises additions to moulds, machinery and
equipment, and other assets.
Primary reporting format — business segments
Year ended 31st March 2004
Telecommunication
and electronic Other
products activities Total
US$ million US$ million US$ million
i Segment revenue 913.0 2.2 915.2
Segment result 55.6 0.2 55.8
Unallocated corporate
expenses (6.3)
Operating profit 49.5
Net finance income 0.4
Profit from ordinary
activities before
taxation 49.9
Taxation (3.6)
Profit attributable to
shareholders 46.3
ii Segment assets 335.6 1.3 336.9
Associates —0.1 0.1
Unallocated assets 85.2
Total assets 422.2
Segment liabilities 234.8 1.5 236.3
Unallocated liabilities 23.3
Total liabilities 259.6
iii Capital expenditure,
depreciation and
other non-cash expenses
Capital expenditure 19.1 0.4 19.5
Depreciation 17.2 0.7 17.9
Amortisation of leasehold
land payments —0.1 0.1
Other non-cash expenses 5.1 —5.1