Vtech 2012 Annual Report Download - page 41

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39
VTech Holdings Ltd Annual Report 2012
Consolidated Statement of Cash Flows
For the year ended 31 March 2012
2012 2011
Note US$ million US$ million
Operating activities
Operating profit 209.5 218.7
Depreciation of tangible assets 2 27.4 33.1
Amortisation of leasehold
land payments 2 0.1 0.1
Gain on disposal of tangible
assets 2 (0.1) –
Increase in stocks (9.4) (70.5)
Increase in debtors, deposits
and prepayments (19.2) (13.6)
Increase in creditors and
accruals 30.0 12.0
Decrease in provisions (7.9) (3.0)
Cash generated from
operations 230.4 176.8
Interest received 2.1 1.6
Taxes paid (21.3) (23.1)
Net cash generated from
operating activities 211.2 155.3
Investing activities
Purchase of tangible assets 7 (29.7) (25.9)
Proceeds from disposal of
tangible assets 0.3 0.1
(Placement of)/proceeds
received from bank deposits
with maturity greater than
three months 13 (60.0) 95.7
Net cash (used in)/
generated from
investing activities (89.4) 69.9
Financing activities
Proceeds from shares
issued upon exercise
of share options
17(a)
&18 6.3 6.8
Payment for shares acquired
for Share Purchase Scheme 17(c) (2.7) –
Dividends paid 5 (194.5) (193.6)
Net cash used in financing
activities (190.9) (186.8)
Effect of exchange rate
changes 2.5 7.8
(Decrease)/increase in cash
and cash equivalents (66.6) 46.2
Cash and cash equivalents
at 1 April 243.1 196.9
Cash and cash equivalents
at 31 March 13 176.5 243.1
Balance Sheet of the Company
As at 31 March 2012
2012 2011
Note US$ million US$ million
Non-current assets
Investments in subsidiaries 22 227.5 227.5
Current assets
Amounts due from subsidiaries 22(b) 267.1 295.8
Deposits and cash 13 0.6 0.3
267.7 296.1
Current liabilities
Amounts due to subsidiaries 22(b) (119.6) (188.0)
Creditors and accruals 14 (0.4) (0.5)
(120.0) (188.5)
Net current assets 147.7 107.6
Net assets 375.2 335.1
Capital and reserves
Share capital 17(a) 12.5 12.4
Reserves 18(b) 362.7 322.7
Total equity 375.2 335.1
Approved and authorised for issue by the Board of Directors on
23 May 2012.
Allan WONG Chi Yun PANG King Fai
Director Director
The notes and principal accounting policies on pages 41 to 65 form part of these financial statements.