Vtech 2011 Annual Report Download - page 35

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Consolidated Financial Statements
VTech Holdings Ltd Annual Report 2011 33
Consolidated Income Statement
For the year ended 31 March 2011
Note
2011
US$ million
2010
US$ million
Revenue 11,712.8 1,532.3
Cost of sales (1,145.9) (972.9)
Gross profit 566.9 559.4
Selling and distribution costs (241.6) (207.3)
Administrative and other
operating expenses (49.8) (71.2)
Research and development
expenses (56.8) (56.8)
Operating profit 1 & 2 218.7 224.1
Net finance income 1.6 1.4
Profit before taxation 220.3 225.5
Taxation 4 (19.1) (20.2)
Profit for the year 201.2 205.3
Attributable to:
Shareholders of the
Company 202.0 206.5
Non-controlling interests (0.8) (1.2)
Profit for the year 201.2 205.3
Earnings per share
(US cents) 6
– Basic 81.5 83.7
– Diluted 81.2 83.4
Consolidated Statement of Comprehensive
Income
For the year ended 31 March 2011
Note
2011
US$ million
2010
US$ million
Profit for the year 201.2 205.3
Other comprehensive
income (after tax
and reclassification
adjustments) for the year
Realisation of hedging reserve –0.3
Fair value gains on hedging 0.3 –
Exchange translation
differences 7.2 2.9
Surplus arising on revaluation
of properties 4(d) 1.3 –
Other comprehensive income
for the year 8.8 3.2
Total comprehensive
income for the year 210.0 208.5
Attributable to:
Shareholders of the
Company 210.8 209.6
Non-controlling interests (0.8) (1.1)
Total comprehensive
income for the year 210.0 208.5
Consolidated Balance Sheet
As at 31 March 2011
Note
2011
US$ million
2010
US$ million
Non-current assets
Tangible assets 7 78.4 81.4
Leasehold land payments 8 5.0 4.9
Investments 9 0.2 0.2
Deferred tax assets 10(b) 5.4 5.6
89.0 92.1
Current assets
Stocks 11 229.8 159.3
Debtors, deposits and
prepayments 12 225.0 211.4
Taxation recoverable 10(a) 0.3 0.7
Deposits and cash 13 333.1 382.6
788.2 754.0
Current liabilities
Creditors and accruals 14 (284.9) (272.9)
Provisions 15 (39.4) (42.4)
Taxation payable 10(a) (5.1) (9.6)
(329.4) (324.9)
Net current assets 458.8 429.1
Total assets less current
liabilities 547.8 521.2
Non-current liabilities
Deferred tax liabilities 10(b) (3.9) (3.7)
Net assets 543.9 517.5
Capital and reserves
Share capital 17(a) 12.4 12.4
Reserves 531.5 503.3
Shareholders’ funds
attributable to the
Company’s shareholders 543.9 515.7
Non-controlling interests –1.8
Total equity 543.9 517.5
Approved and authorised for issue by the Board of Directors on
31 May 2011.
Allan WONG Chi Yun PANG King Fai
Director Director
The notes and principal accounting policies on pages 36 to 61 form part of these financial statements. Details of dividends payable to
shareholders of the Company attributable to the profit for the year are set out in note 5.