Vtech 2002 Annual Report Download - page 36

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VTech Holdings Ltd34
Consolidated Balance Sheet
As at 31st March 2002
Restated
2002 2001
Note US$ million US$ million
Non-current assets
Tangible assets 958.0 96.0
Leasehold land payments 10 3.1 7.0
Deferred tax assets 11 4.3 4.0
Investments 12 0.4 0.5
65.8 107.5
Current assets
Stocks 13 94.4 187.5
Assets held for sale 14 24.5 30.4
Debtors and prepayments 15 165.3 255.6
Taxation recoverable 3.0 3.6
Cash at bank and deposits 63.3 56.2
350.5 533.3
Current liabilities
Creditors and accruals 16 (187.9) (241.7)
Provisions 19 (39.1) (66.3)
Borrowings 17 (30.6) (112.7)
Taxation payable (2.1) (1.0)
(259.7) (421.7)
Net current assets 90.8 111.6
Total assets less current liabilities 156.6 219.1
Long-term liabilities
Borrowings 17 (65.2) (136.9)
Deferred tax liabilities 11 (1.2) (1.3)
(66.4) (138.2)
90.2 80.9
Share capital 20 11.3 11.3
Reserves 21 78.1 68.7
Shareholders’ funds 89.4 80.0
Minority interest 0.8 0.9
90.2 80.9
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.
Allan WONG Chi Yun Paddy LAW Wai Leung
Director Director