Vtech 2009 Annual Report Download - page 36

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CONSOLIDATED FINANCIAL STATEMENTS
34 VTech Holdings Ltd Annual Report 2009
CONSOLIDATED INCOME STATEMENT
For the year ended 31st March 2009
2009 2008
Note US$ million US$ million
Revenue 11,448.2 1,552.0
Cost of sales (920.7) (969.0)
Gross profit 527.5 583.0
Selling and distribution costs (232.1) (248.5)
Administrative and other
operating expenses (84.2) (54.3)
Research and development
expenses (56.9) (51.3)
Operating profit 1&2 154.3 228.9
Net finance income 4.7 8.7
Profit before taxation 159.0 237.6
Taxation 4(15.8) (21.9)
Profit attributable to
shareholders 19 143.2 215.7
Interim dividend 529.5 29.1
Final dividend 5100.8 124.2
Earnings per share
(US cents) 6
– Basic 58.5 89.4
– Diluted 58.4 88.2
CONSOLIDATED STATEMENT OF CHANGES
IN SHAREHOLDERS’ FUNDS
For the year ended 31st March 2009
2009 2008
Note US$ million US$ million
Shareholders’ funds at
1st April 452.3 343.3
Exercise of share options 18&19 6.9 5.9
Surplus arising on
revaluation of properties 19 4.8 –
Realisation of hedging
reserve 19 (0.6) 9.8
Fair value gains/(losses) on
hedging during the year 19 1.3 (10.8)
Capital reserve on employee
share option scheme 19 1.8 0.9
Exchange translation
differences 19 (14.6) 15.4
Net (losses) and gains not
recognised in the
income statement (0.4) 21.2
Profit attributable to
shareholders 19 143.2 215.7
Dividends approved and
paid during the year 19 (154.9) (127.9)
Shareholders’ funds at
31st March 440.2 452.3
CONSOLIDATED BALANCE SHEET
As at 31st March 2009
2009 2008
Note US$ million US$ million
Non-current assets
Tangible assets 799.9 101.3
Leasehold land payments 83.8 3.8
Deferred tax assets 95.2 6.9
Investments 10 0.2 0.2
109.1 112.2
Current assets
Stocks 11 128.0 132.4
Debtors and prepayments 12 190.2 229.2
Financial assets at fair value
through profit or loss 13 4.9 14.7
Taxation recoverable 3.1 0.7
Deposits and cash 14 287.2 285.4
613.4 662.4
Current liabilities
Creditors and accruals 15 (232.9) (262.1)
Provisions 16 (41.8) (46.4)
Taxation payable (3.3) (9.3)
(278.0) (317.8)
Net current assets 335.4 344.6
Total assets less current
liabilities 444.5 456.8
Non-current liabilities
Deferred tax liabilities 9(4.3) (4.5)
Net assets 440.2 452.3
Capital and reserves
Share capital 18 12.3 12.1
Reserves 19 427.9 440.2
Shareholders’ funds 440.2 452.3
Approved and authorised for issue by the Board of Directors
on 15th June 2009.
Allan WONG Chi Yun PANG King Fai
Director Director
The notes on pages 35 to 57 form part of these financial statements.