Vtech 2001 Annual Report Download - page 34

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2001 2000
Note US$ million US$ million
Turnover 1 1,334.9 1,045.9
Cost of sales (1,013.6) (723.2)
Gross profit 321.3 322.7
Selling and distribution costs (275.2) (179.7)
Administrative and other operating expenses (69.2) (53.9)
Research and development expenses (66.6) (42.7)
Restructuring and impairment charges 3 (110.4) Ð
Operating (loss)/profit (200.1) 46.4
Net finance (costs)/income 5 (12.5) 1.3
Share of results of associates (0.5) (0.1)
(Loss)/profit before taxation (213.1) 47.6
Taxation 6 (1.8) (2.5)
(Loss)/profit after taxation (214.9) 45.1
Minority interests (0.1) (0.1)
(Loss)/profit attributable to shareholders 21 (215.0) 45.0
(Loss)/earnings per share (in US cents) 8
ÐBasic (96.7) 21.0
Ð Diluted (96.7) 20.9
The principal accounting policies on pages 36 to 40 and the notes on pages 41 to 65 form an integral part of these
consolidated financial statements.
Consolidated Income Statement 32
For the year ended 31st March 2001