Vtech 2002 Annual Report Download - page 43

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Annual Report 2002 41
Notes to the Financial Statements
1. SEGMENT INFORMATION
The Group’s operations comprise two main business segments: telecommunication and electronic products, and e-Business related services.
Telecommunication and electronic products include the design, manufacture and distribution of telecommunication, electronic learning,
information appliances, and other electronic products. e-Business related services include the provision of web services, learning web, a
global positioning system and other e-Business related activities.
Primary reporting format – business segments
Year ended 31st March 2002
Telecommunication and e-Business
electronic products related services Unallocated Total
US$ million US$ million US$ million US$ million
i Segment turnover 957.7 2.1 —959.8
Segment result 30.9 (6.1) —24.8
Unallocated corporate expenses (1.8) (1.8)
Operating profit 23.0
Net finance costs (8.6)
Share of results of associates (0.5) (0.5)
Profit before taxation 13.9
Taxation (2.6)
Profit after taxation 11.3
Minority interest (0.1)
Profit attributable to shareholders 11.2
ii Segment assets 390.8 2.3 —393.1
Associates 0.1 0.2 0.3
Unallocated assets 15.6 15.6
Income/Deferred tax assets 7.3
Total assets 416.3
Segment liabilities 315.1 2.2 —317.3
Unallocated liabilities 5.5 5.5
Income/Deferred tax liabilities 3.3
Total liabilities 326.1
iii Capital expenditure, restructuring costs,
depreciation and other net non-cash expenses
Capital expenditure 13.0 0.1 0.2 13.3
Depreciation 30.9 0.5 2.4 33.8
Amortization of leasehold land payments ——0.1 0.1
Impairment charges 3.6 —0.5 4.1
Restructuring costs 9.5 0.9 —10.4
Other net non-cash expenses 12.3 ——12.3
There were no sales or transactions between the business segments. Segment assets consist primarily of tangible assets, stocks, receivables
and operating cash. Segment liabilities comprise operating liabilities and exclude items such as taxation. Capital expenditure comprises
additions to construction in progress, moulds, machinery and equipment, and other assets.