Vtech 2008 Annual Report Download - page 31

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VTech Holdings Ltd Annual Report 2008 29
CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED INCOME STATEMENT
For the year ended 31st March 2008
2008 2007
Note US$ million US$ million
Revenue 11,552.0 1,463.8
Cost of sales (969.0) (923.8)
Gross pro t 583.0 540.0
Selling and distribution
costs (248.5) (238.6)
Administrative and other
operating expenses (54.3) (62.2)
Research and development
expenses (51.3) (45.2)
Operating pro t 1&2 228.9 194.0
Net  nance income 8.7 7.5
Share of results of
associates ––
Pro t before taxation 237.6 201.5
Taxation 4 (21.9) (18.6)
Pro t attributable to
shareholders 18 215.7 182.9
Interim dividend 529.1 21.5
Special dividend 5–71.7
Final dividend 5124.2 98.0
Earnings per share
(US cents) 6
– Basic 89.4 76.6
– Diluted 88.2 75.1
CONSOLIDATED STATEMENT OF CHANGES IN
SHAREHOLDERS’ FUNDS
For the year ended 31st March 2008
2008 2007
Note US$ million US$ million
Shareholders’ funds at
1st April 343.3 306.2
Exercise of share options 17&18 5.9 0.4
Realisation of hedging
reserve 18 9.8 4.1
Fair value losses on hedging
during the year 18 (10.8) (4.7)
Capital reserve on employee
share option scheme 18 0.9 1.2
Exchange translation
di erences 18 15.4 8.5
Net gains and (losses) not
recognised in the
income statement 21.2 9.5
Pro t attributable to
shareholders 18 215.7 182.9
Dividends approved and
paid during the year 18 (127.9) (155.3)
Shareholders’ funds at
31st March 452.3 343.3
The notes on pages 30 to 52 form part of these  nancial
statements.
CONSOLIDATED BALANCE SHEET
As at 31st March 2008
2008 2007
Note US$ million US$ million
Non-current assets
Tangible assets 7 101.3 78.4
Leasehold land payments 8 3.8 3.7
Deferred tax assets 9 6.9 5.5
Investments 10 0.2 0.2
112.2 87.8
Current assets
Stocks 11 132.4 124.1
Debtors and prepayments 12 229.2 203.4
Financial assets at fair value
through pro t or loss 13 14.7 –
Taxation recoverable 0.7 1.6
Deposits and cash 285.4 246.5
662.4 575.6
Current liabilities
Creditors and accruals 14 (262.1) (256.5)
Provisions 15 (46.4) (47.9)
Taxation payable (9.3) (11.5)
(317.8) (315.9)
Net current assets 344.6 259.7
Total assets less current
liabilities 456.8 347.5
Non-current liabilities
Deferred tax liabilities 9 (4.5) (4.2)
Net assets 452.3 343.3
Capital and reserves
Share capital 17 12.1 11.9
Reserves 18 440.2 331.4
Shareholders’ funds 452.3 343.3
Approved and authorised for issue by the Board of Directors on
3rd July 2008.
Allan WONG Chi Yun PANG King Fai
Director Director