Vtech 2013 Annual Report Download - page 46

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Consolidated Financial Statements
44 VTech Holdings Ltd Annual Report 2013
Consolidated Balance Sheet
As at 31 March 2013
2013 2012
Note US$ million US$ million
Non-current assets
Tangible assets 7 88.4 91.0
Leasehold land payments 8 5.2 5.1
Investments 0.1 0.2
Deferred tax assets 9(b) 3.7 5.9
97.4 102.2
Current assets
Stocks 10 276.9 239.2
Debtors, deposits and
prepayments 11 259.5 244.2
Taxation recoverable 9(a) 0.4 0.8
Deposits and cash 12 308.6 326.5
845.4 810.7
Current liabilities
Creditors and accruals 13 (330.6) (314.9)
Provisions 14 (28.2) (31.5)
Taxation payable 9(a) (7.2) (4.5)
(366.0) (350.9)
Net current assets 479.4 459.8
Total assets less current
liabilities 576.8 562.0
Non-current liabilities
Deferred tax liabilities 9(b) (4.5) (5.8)
Net assets 572.3 556.2
Capital and reserves
Share capital 16(a) 12.5 12.5
Reserves 559.8 543.7
Total equity 572.3 556.2
Approved and authorised for issue by the Board of Directors on
15 May 2013.
Allan WONG Chi Yun PANG King Fai
Director Director
Consolidated Income Statement
For the year ended 31 March 2013
2013 2012
Note US$ million US$ million
Revenue 11,858.0 1,784.5
Cost of sales (1,260.2) (1,213.7)
Gross profit 597.8 570.8
Selling and distribution costs (260.0) (255.0)
Administrative and other
operating expenses (56.0) (49.1)
Research and development
expenses (57.1) (57.2)
Operating profit 1&2 224.7 209.5
Net finance income 1.7 2.1
Profit before taxation 226.4 211.6
Taxation 4 (24.1) (19.7)
Profit for the year and
attributable to
shareholders of
the Company 202.3 191.9
Earnings per share
(US cents) 6
– Basic 80.9 77.0
– Diluted 80.8 76.9
Consolidated Statement of Comprehensive
Income
For the year ended 31 March 2013
2013 2012
Note US$ million US$ million
Profit for the year 202.3 191.9
Other comprehensive
income (after tax and
reclassification
adjustments) for the year
Fair value gains on hedging 2.5 1.4
Realisation of hedging reserve (1.5) (0.3)
Exchange translation
differences (3.6) (2.7)
(Deficit)/surplus arising on
revaluation of properties
– net of deferred tax 4(d) (1.7) 9.1
Other comprehensive income
for the year (4.3) 7.5
Total comprehensive
income for the year 198.0 199.4
The notes and principal accounting policies on pages 47 to 70 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.