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VTech in the Last Five Years
VTech Holdings Ltd Annual Report 200654
Consolidated statement of net assets as at 31st March
2002 2003 2004 2005 2006
US$ million US$ million US$ million US$ million US$ million
Non-current assets
Tangible assets 58.0 48.0 48.7 52.6 64.6
Leasehold land payments 3.1 2.7 1.8 1.8 3.7
Other non-current assets 4.7 4.1 3.9 2.8 5.3
65.8 54.8 54.4 57.2 73.6
Current assets
Stocks 94.4 84.0 96.1 124.2 133.8
Debtors and prepayments 165.3 139.9 153.9 175.7 183.6
Cash and cash equivalents 63.3 70.4 105.2 123.9 242.4
Other current assets 27.5 9.5 12.6 2.4 1.8
350.5 303.8 367.8 426.2 561.6
Current liabilities (259.7) (227.3) (256.0) (279.3) (324.9)
Net current assets 90.8 76.5 111.8 146.9 236.7
Total assets less current liabilities 156.6 131.3 166.2 204.1 310.3
Non-current liabilities
Borrowings (65.2) (2.2) (2.0) (0.1) –
Deferred tax liabilities (1.2) (0.8) (1.6) (0.7) (4.1)
(66.4) (3.0) (3.6) (0.8) (4.1)
Minority interest (0.8) (0.8) – – –
Net assets/shareholders’ funds 89.4 127.5 162.6 203.3 306.2
Consolidated income statement for the years ended 31st March
2002 2003 2004 2005 2006
US$ million US$ million US$ million US$ million US$ million
Revenue 959.8 866.5 915.2 1,022.0 1,204.6
Profit before taxation 13.9 58.3 49.9 63.7 140.1
Taxation (2.6) (17.4) (3.6) (6.8) (11.3)
Profit after taxation 11.3 40.9 46.3 56.9 128.8
Minority interest (0.1) (0.1) – – –
Profit attributable to shareholders 11.2 40.8 46.3 56.9 128.8
Earnings per share (US cents) 5.0 18.1 20.5 25.2 54.9