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VTech Holdings Ltd Annual Report 2008 39
6 EARNINGS PER SHARE
The calculations of basic and diluted earnings per share are
based on the Group’s pro t attributable to shareholders of
US$215.7 million (2007: US$182.9 million).
The basic earnings per share is based on the weighted average
of 241.2 million (2007: 239.0 million) ordinary shares in issue
during the year. The diluted earnings per share is based on
244.7 million (2007: 243.6 million) ordinary shares which is the
weighted average number of ordinary shares in issue during the
year after adjusting for the number of dilutive potential ordinary
shares under the employee share option scheme.
7 TANGIBLE ASSETS
Land and
buildings
Moulds,
machinery
and
equipment
Computers,
motor
vehicles,
furniture and
xtures and
leasehold
improvements
Construction
in progress Total
US$ million US$ million US$ million US$ million US$ million
Cost or valuation
At 1st April 2006 39.9 200.4 74.1 1.3 315.7
Additions – 23.2 10.8 3.2 37.2
Disposals – (4.2) (4.0) – (8.2)
Transfer between categories 1.7 – – (1.7) –
E ect of changes in exchange rates 1.7 0.9 1.5 – 4.1
At 31st March 2007 and 1st April 2007 43.3 220.3 82.4 2.8 348.8
Additions – 18.1 11.7 17.3 47.1
Disposals – (6.5) (4.5) – (11.0)
E ect of changes in exchange rates 3.4 2.6 4.0 0.3 10.3
At 31st March 2008 46.7 234.5 93.6 20.4 395.2
Accumulated depreciation
At 1st April 2006 19.1 173.1 58.9 – 251.1
Charge for the year 1.2 14.9 8.1 – 24.2
Disposals – (3.2) (3.5) – (6.7)
E ect of changes in exchange rates 0.1 0.6 1.1 – 1.8
At 31st March 2007 and 1st April 2007 20.4 185.4 64.6 – 270.4
Charge for the year 1.3 17.9 9.8 – 29.0
Disposals – (5.8) (4.2) – (10.0)
E ect of changes in exchange rates 0.3 1.4 2.8 – 4.5
At 31st March 2008 22.0 198.9 73.0 – 293.9
Net book value at 31st March 2008 24.7 35.6 20.6 20.4 101.3
Net book value at 31st March 2007 22.9 34.9 17.8 2.8 78.4
Cost or valuation of tangible assets is analysed as
follows:
At cost 29.9 234.5 93.6 20.4 378.4
At professional valuation – 2006 (note (a)) 16.8 – – – 16.8
46.7 234.5 93.6 20.4 395.2
Note (a): Property revaluation – The amount included valuation of land and buildings denominated in Hong Kong dollars or Euros which were revalued by
independent valuers as at 31st March 2006 on an open market value basis.
2008 2007
million million
Weighted average number of
ordinary shares at 31st March 241.2 239.0
E ect of deemed issue of shares
under the Company’s share option
scheme for nil consideration 3.5 4.6
Weighted average number of
ordinary shares (diluted) at
31st March 244.7 243.6