Vtech 2015 Annual Report Download - page 47

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VTech Holdings Limited Annual Report 2015
Consolidated Financial Statements
45
Consolidated Income Statement
For the year ended 31 March 2015
2015 2014
(Restated)
Note US$ million US$ million
Revenue 11,879.8 1,898.9
Cost of sales (1,269.3) (1,264.6)
Gross profit 610.5 634.3
Selling and distribution costs (268.2) (286.4)
Administrative and other
operating expenses (66.1) (63.3)
Research and development
expenses (56.1) (58.0)
Operating profit 1&2 220.1 226.6
Net finance income 1.6 1.4
Profit before taxation 221.7 228.0
Taxation 4 (23.6) (24.2)
Profit for the year
and attributable to
shareholders of the
Company 198.1 203.8
Earnings per share
(US cents) 6
– Basic 78.9 81.3
– Diluted 78.9 81.3
Consolidated Statement of Comprehensive
Income
For the year ended 31 March 2015
2015 2014
(Restated)
US$ million US$ million
Profit for the year 198.1 203.8
Other comprehensive
income (after tax
and reclassification
adjustments) for
the year
Item that will not be
reclassified to profit or
loss:
Effect of remeasurement
of net liability of defined
benefit scheme, net of
deferred tax (0.6) 4.7
(0.6) 4.7
Items that may
be reclassified
subsequently to profit
or loss:
Fair value gains/(losses) on
hedging 5.0 (4.3)
Realisation of hedging
reserve 4.4 (2.3)
Exchange translation
differences (28.0) 6.4
(18.6) (0.2)
Other comprehensive
income for the year (19.2) 4.5
Total comprehensive
income for the year 178.9 208.3
Consolidated Balance Sheet
As at 31 March 2015
31 March 31 March 1 April
2015 2014 2013
(Restated) (Restated)
Note US$ million US$ million US$ million
Non-current
assets
Tangible assets 7 67.0 68.6 69.2
Leasehold land
payments 8 5.0 5.1 5.2
Investments 0.1 0.1 0.1
Deferred tax
assets 9(b) 4.5 2.5 4.6
76.6 76.3 79.1
Current assets
Stocks 10 290.2 265.9 276.9
Debtors,
deposits and
prepayments 11 259.9 235.8 257.1
Taxation
recoverable 9(a) –0.9 0.4
Deposits and
cash 12 294.2 322.9 308.6
844.3 825.5 843.0
Current
liabilities
Creditors and
accruals 13 (342.6) (304.4) (330.6)
Provisions 14 (27.3) (27.9) (28.2)
Taxation
payable 9(a) (7.2) (5.1) (7.2)
(377.1) (337.4) (366.0)
Net current
assets 467.2 488.1 477.0
Total assets
less current
liabilities 543.8 564.4 556.1
Non-current
liability
Net obligations
on defined
benefit
scheme 15 (3.0) (2.0) (6.5)
Net assets 540.8 562.4 549.6
Capital and
reserves
Share capital 16(a) 12.5 12.5 12.5
Reserves 528.3 549.9 537.1
Total equity 540.8 562.4 549.6
Approved and authorised for issue by the Board of Directors on
19 May 2015.
Allan WONG Chi Yun PANG King Fai
Director Director
The notes and principal accounting policies on pages 48 to 70 form part of these financial statements. Details of dividends payable to
shareholders of the Company attributable to the profit for the year are set out in note 5.