Vtech 2007 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2007 Vtech annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 60

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60

Notes to the Financial Statements
VTech Holdings Ltd
Annual Report 2007
38
1 SEGMENT INFORMATION (continued)
Secondary reporting format – geographical segments (continued)
Year ended 31st March 2007
North Asia
America Europe Pacifi c Others Total
US$ million US$ million US$ million US$ million US$ million
i Revenue 880.9 499.8 51.4 31.7 1,463.8
Operating profi t 105.3 75.5 6.1 7.1 194.0
ii Total assets 134.0 81.5 446.6 1.3 663.4
Total liabilities 66.5 35.1 215.8 2.7 320.1
iii Capital expenditure 1.3 0.7 35.2 – 37.2
Depreciation 1.6 0.8 21.8 – 24.2
Amortisation of leasehold land payments – – 0.1 – 0.1
Other non-cash expenses 7.8 3.6 12.4 – 23.8
Year ended 31st March 2006
North Asia
America Europe Pacifi c Others Total
US$ million US$ million US$ million US$ million US$ million
i Revenue 671.6 457.8 53.1 22.1 1,204.6
Operating profi t 60.2 65.4 5.4 5.2 136.2
ii Total assets 112.8 71.1 449.8 1.5 635.2
Total liabilities 61.2 35.6 229.6 2.6 329.0
iii Capital expenditure 0.6 0.6 30.9 – 32.1
Depreciation 2.7 0.7 15.6 – 19.0
Amortisation of leasehold land payments – – 0.1 – 0.1
Other non-cash expenses 3.1 1.4 9.4 – 13.9
2 OPERATING PROFIT
The operating profi t is arrived at after charging/(crediting) the
following:
2007 2006
Note
US$ million US$ million
Staff related costs
– salaries and wages 135.0 111.4
– pension costs: defi ned
contribution schemes 15 2.1 2.0
– pension costs: defi ned
benefi t scheme 15 1.1 1.2
– severance payments 1.5 0.4
– equity-settled share-based
payment expenses 1.2 1.6
Depreciation charges 7
– owned assets 24.2 18.9
– leased assets – 0.1
Amortisation of leasehold
land payments 8 0.1 0.1
Loss on disposal of tangible
assets 1.3 0.6
2007 2006
Note
US$ million US$ million
Auditors’ remuneration
– audit services 0.6 0.6
– tax services 0.5 0.5
– other services 0.2 0.1
Operating leases
– land and buildings 11.6 10.8
– others 2.6 2.1
Provision for stock
obsolescence 14.4 9.3
Provision for doubtful debts 8.2 3.0
Royalties 30.4 26.1
Exchange (gain)/loss (7.2) 5.3
Forward contracts: fair value
losses/(gains) on cash fl ow
hedges transferred from
hedging reserve 17 4.1 (2.7)
12aVtechCFS&Notes(E).indd38 2007/7/511:43:25PM