Vtech 2016 Annual Report Download - page 48

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Consolidated Financial Statements
44 VTech Holdings Limited Annual Report 2016
Consolidated Statement of Profit or Loss
For the year ended 31 March 2016
2016 2015
Note US$ million US$ million
Revenue 11,856.5 1,879.8
Cost of sales (1,273.2) (1,269.3)
Gross profit 583.3 610.5
Selling and distribution costs (254.3) (268.2)
Administrative and other
operating expenses (70.4) (66.1)
Research and development
expenses (56.3) (56.1)
Operating profit 1&2 202.3 220.1
Net finance income 0.8 1.6
Profit before taxation 203.1 221.7
Taxation 4(21.7) (23.6)
Profit for the year
and attributable to
shareholders of the
Company 181.4 198.1
Earnings per share
(US cents) 6
– Basic 72.2 78.9
– Diluted 72.2 78.9
Consolidated Statement of Profit or Loss and
Other Comprehensive Income
For the year ended 31 March 2016
2016 2015
US$ million US$ million
Profit for the year 181.4 198.1
Other comprehensive
income for the year
Item that will not be
reclassified to profit
or loss:
Effect of remeasurement
of net liability of defined
benefit scheme, net of
deferred tax (1.5) (0.6)
(1.5) (0.6)
Items that may
be reclassified
subsequently to profit
or loss:
Fair value gains on hedging 4.8 5.0
Realisation of hedging
reserve (5.2) 4.4
Exchange translation
differences 0.2 (28.0)
(0.2) (18.6)
Other comprehensive
income for the year (1.7) (19.2)
Total comprehensive
income for the year 179.7 178.9
Consolidated Statement of Financial Position
As at 31 March 2016
2016 2015
Note US$ million US$ million
Non-current assets
Tangible assets 768.4 67.0
Leasehold land payments 84.8 5.0
Deposits for acquisition of
tangible assets 93.3 –
Investments 10 3.1 0.1
Deferred tax assets 11(b) 4.0 4.5
83.6 76.6
Current assets
Stocks 12 285.4 290.2
Debtors, deposits and
prepayments 13 266.2 259.9
Taxation recoverable 11(a) 2.3 –
Deposits and cash 14 273.0 294.2
826.9 844.3
Current liabilities
Creditors and accruals 15 (345.3) (342.6)
Provisions for defective
goods returns and other
liabilities 16 (31.5) (27.3)
Taxation payable 11(a) (3.6) (7.2)
(380.4) (377.1)
Net current assets 446.5 467.2
Total assets less current
liabilities 530.1 543.8
Non-current liability
Net obligations on defined
benefit scheme 17 (5.1) (3.0)
Net assets 525.0 540.8
Capital and reserves
Share capital 18(a) 12.5 12.5
Reserves 512.5 528.3
Total equity 525.0 540.8
Approved and authorised for issue by the Board of Directors on
17 May 2016.
Allan WONG Chi Yun PANG King Fai
Director Director
The notes and principal accounting policies on pages 46 to 68 form part of these  nancial statements. Details of dividends payable to
shareholders of the Company attributable to the pro t for the year are set out in note 5.