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VTech Holdings Limited Annual Report 2015
VTech in the Last Five Years
71
Consolidated balance sheet as at 31 March
2011 2012 2013 2014 2015
(Restated)
US$ million US$ million US$ million US$ million US$ million
Non-current assets
Tangible assets 78.4 91.0 88.4 68.6 67.0
Leasehold land payments 5.0 5.1 5.2 5.1 5.0
Other non-current assets 5.6 6.1 4.7 2.6 4.6
89.0 102.2 98.3 76.3 76.6
Current assets
Stocks 229.8 239.2 276.9 265.9 290.2
Debtors, deposits and prepayments 225.0 244.2 257.1 235.8 259.9
Deposits and cash 333.1 326.5 308.6 322.9 294.2
Other current assets 0.3 0.8 0.4 0.9 –
788.2 810.7 843.0 825.5 844.3
Current liabilities (329.4) (350.9) (366.0) (337.4) (377.1)
Net current assets 458.8 459.8 477.0 488.1 467.2
Total assets less current liabilities 547.8 562.0 575.3 564.4 543.8
Non-current liabilities
Net obligation on defined benefit scheme – – (6.5) (2.0) (3.0)
Deferred tax liabilities (3.9) (5.8) (4.5) ––
(3.9) (5.8) (11.0) (2.0) (3.0)
Net assets/Total equity 543.9 556.2 564.3 562.4 540.8
Consolidated income statement for the years ended 31 March
2011 2012 2013 2014 2015
(Restated)
US$ million US$ million US$ million US$ million US$ million
Revenue 1,712.8 1,784.5 1,858.0 1,898.9 1,879.8
Profit before taxation 220.3 211.6 225.6 228.0 221.7
Taxation (19.1) (19.7) (24.1) (24.2) (23.6)
Profit for the year 201.2 191.9 201.5 203.8 198.1
Attributable to:
Shareholders of the Company 202.0 191.9 201.5 203.8 198.1
Non-controlling interests (0.8) ––––
Profit for the year 201.2 191.9 201.5 203.8 198.1
Basic earnings per share (US cents) 81.5 77.0 80.6 81.3 78.9
Note:
In consistent with the market practises on the measurement of properties held for own use, the Group changed its accounting policy with respect to properties held for own use in the nancial
year ended 31 March 2015. The change in accounting policy has been applied retrospectively. As a result, prot and net assets for the year ended 31 March 2014 has been restated. Details of
the change in accounting policy are disclosed in note B to the nancial statements. Figures for the year ended 31 March 2013 and prior years have not been restated as it would involve delay
and expenses out of proportion to the benets of shareholders.