Vtech 2001 Annual Report Download - page 49

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8. (LOSS)/EARNINGS PER SHARE
The calculations of basic and diluted loss/earnings per share are based on the Group's loss attributable to
shareholders of US$215.0 million (2000 : profit of US$45.0 million).
The basic loss/earnings per share is based on the weighted average of 222.4 million (2000: 214.3 million)
ordinary shares in issue during the year. Since diluted loss per share is decreased when taking share options
into account, the options are anti-dilutive and are ignored in the calculation of diluted loss per share. Therefore,
diluted loss per share is US96.7 cents. The diluted earnings per share in 2000 was based on 214.9 million
ordinary shares which is the weighted average number of ordinary shares in issue during 2000 after adjusting
for the weighted average of 0.6 million ordinary shares deemed to be issued at no consideration if all
outstanding share options had been exercised at 31st March 2000.
9. TANGIBLE ASSETS
Land and buildings
Construction in
progress
Moulds, machinery
and equipment Other assets Total
20012000 20012000 20012000 20012000 20012000
US$ million US$ million US$ million US$ million US$ million US$ million US$ million US$ million US$ million US$ million
Cost or valuation
At 1st April 92.1 59.6 0.5 1.8 220.1 133.4 67.3 53.8 380.0 248.6
Additions 2.8 0.4 Ð 0.5 18.8 16.0 9.1 13.0 30.7 29.9
Acquisition of subsidiaries Ð 32.5 Ð Ð 1.0 74.6 Ð 2.6 1.0 109.7
Transfer between categories Ð 0.6 Ð (1.7) (0.3) (0.8) 0.3 1.9 Ð Ð
Revaluation Ð(0.7)ÐÐÐÐÐÐÐ(0.7)
Disposals (4.8) Ð Ð Ð (10.5) (1.7) (4.1) (3.2) (19.4) (4.9)
Impairment charge (3.4) Ð Ð Ð (12.4) Ð (1.4) Ð (17.2) Ð
Transfers to assets held for sale
(Note 14) (21.2) Ð Ð Ð (37.3) Ð Ð Ð (58.5) Ð
Effect of changes in
exchange rate (0.7) (0.3) Ð (0.1) (0.4) (1.4) (0.7) (0.8) (1.8) (2.6)
At 31st March 64.8 92.1 0.5 0.5 179.0 220.1 70.5 67.3 314.8 380.0
Accumulated depreciation
At 1st April 12.3 11.3 Ð Ð 149.2 92.6 45.7 35.6 207.2 139.5
Charge for the year 3.9 3.2 Ð Ð 30.1 19.8 10.6 12.0 44.6 35.0
Acquisitionofsubsidiaries ÐÐÐÐÐ38.6Ð1.0Ð39.6
Transferbetweencategories ÐÐÐÐ(0.1)0.40.1(0.4)ÐÐ
Revaluation Ð(2.0)ÐÐÐÐÐÐÐ(2.0)
Disposals (0.5) Ð Ð Ð (8.0) (1.5) (2.6) (2.4) (11.1) (3.9)
Transfers to assets held for sale
(Note 14) (1.1) Ð Ð Ð (27.0) Ð Ð Ð (28.1) Ð
Effect of changes in
exchange rate Ð (0.2) Ð Ð (0.2) (0.7) (0.4) (0.1) (0.6) (1.0)
At 31st March 14.6 12.3 Ð Ð 144.0 149.2 53.4 45.7 212.0 207.2
Net book value at 31st March 50.2 79.8 0.5 0.5 35.0 70.9 17.1 21.6 102.8 172.8
Cost or valuation of tangible
assets is analysed as
follows:
At cost 26.8 26.8 0.5 0.5 179.0 220.1 70.5 67.3 276.8 314.7
At professional valuation
Ð 2000 35.0 65.3 Ð Ð ÐÐÐÐ35.065.3
At professional valuation
Ð 2001 3.0 Ð Ð Ð ÐÐÐÐ3.0Ð
64.8 92.1 0.5 0.5 179.0 220.1 70.5 67.3 314.8 380.0
The net book value of fixed assets held under finance lease as at 31st March 2001 is US$0.6 million (2000: Nil).
The net book value of tangible assets pledged as security for liabilities at 31st March 2001 amounted to US$7.0
million (2000: US$12.3 million).
47
Notes to the Financial Statements
VTech Holdings Ltd Annual Report 2001