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VTech Holdings Limited Annual Report 2015 57
6 Earnings Per Share
The calculations of basic and diluted earnings per share are based
on the Group’s profit attributable to shareholders of the Company
of US$198.1 million (2014: US$203.8 million, as restated).
The calculation of basic earnings per share is based on the
weighted average of 251.1 million (2014: 250.7 million) ordinary
shares in issue during the year after adjusting for shares held for
Share Purchase Scheme.
The calculation of diluted earnings per share is based on 251.1
million (2014: 250.8 million) ordinary shares which is the weighted
average number of ordinary shares in issue during the year after
adjusting for shares held for Share Purchase Scheme and the
number of dilutive potential ordinary shares under the Company’s
share option scheme.
2015 2014
(Restated)
Profit attributable to shareholders
(US$ million) 198.1 203.8
Weighted average number of ordinary
shares in issue less shares held for
Share Purchase Scheme (in million) 251.1 250.7
Effect of deemed issue of shares
under the Company’s share option
scheme for nil consideration
(in million) –0.1
Weighted average number of ordinary
shares (diluted) (in million) 251.1 250.8
Diluted earnings per share (US cents) 78.9 81.3
7 Tangible Assets
Land and
buildings
US$ million
Leasehold
improvements
US$ million
Moulds,
machinery
and
equipment
US$ million
Computers,
motor
vehicles,
furniture and
fixtures
US$ million
Construction
in progress
US$ million
Total
US$ million
Cost
At 1 April 2013, as previously reported 67.5 13.0 278.6 119.4 6.9 485.4
Effect of change in accounting policy (note B) (13.9) ––––(13.9)
At 1 April 2013, as restated 53.6 13.0 278.6 119.4 6.9 471.5
Additions –2.8 17.4 9.9 –30.1
Disposals – – (10.9) (2.1) –(13.0)
Effect of changes in exchange rates 0.8 (0.1) 0.3 0.6 –1.6
At 31 March 2014 and 1 April 2014, as restated 54.4 15.7 285.4 127.8 6.9 490.2
Additions 0.1 1.6 21.6 7.6 –30.9
Disposals –(0.2) (21.7) (2.9) –(24.8)
Effect of changes in exchange rates (1.8) (0.1) (0.8) (2.4) –(5.1)
At 31 March 2015 52.7 17.0 284.5 130.1 6.9 491.2
Accumulated depreciation and
impairment
At 1 April 2013, as previously reported 28.3 8.5 251.0 102.3 6.9 397.0
Effect of change in accounting policy (note B) 5.3 ––––5.3
At 1 April 2013, as restated 33.6 8.5 251.0 102.3 6.9 402.3
Charge for the year 1.7 1.0 17.3 10.7 –30.7
Written back on disposals – – (10.8) (2.0) –(12.8)
Effect of changes in exchange rates 0.4 (0.1) 0.3 0.8 –1.4
At 31 March 2014 and 1 April 2014, as restated 35.7 9.4 257.8 111.8 6.9 421.6
Charge for the year 1.6 1.1 18.9 9.9 –31.5
Written back on disposals –(0.2) (21.8) (2.8) –(24.8)
Effect of changes in exchange rates (1.0) (0.1) (0.7) (2.3) –(4.1)
At 31 March 2015 36.3 10.2 254.2 116.6 6.9 424.2
Net book value at 31 March 2015 16.4 6.8 30.3 13.5 –67.0
Net book value at 31 March 2014, as restated 18.7 6.3 27.6 16.0 –68.6