Vtech 2016 Annual Report Download - page 59

55VTech Holdings Limited Annual Report 2016
5 Dividends
Note
2016
US$ million
2015
US$ million
Interim dividend of US17.0
cents (2015: US17.0 cents)
per share declared and paid 19(b) 42.7 42.7
Final dividend of US25.0 cents
(2015: US61.0 cents) per
share proposed after the
end of the reporting period 19(b) 62.8 153.2
The  nal dividend proposed after the end of the reporting
period has not been recognised as a liability at the end of the
reporting period.
At a meeting held on 19 May 2015, the Directors proposed a  nal
dividend of US61.0 cents per ordinary share for the year ended
31 March 2015, which was estimated to be US$153.2 million at the
time calculated on the basis of the ordinary shares in issue as at
31 March 2015. The  nal dividend was approved by shareholders
at the annual general meeting on 15 July 2015. The  nal dividend
paid in respect of the year ended 31 March 2015 totaled
US$153.2 million.
7 Tangible Assets
Land and
buildings
US$ 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 2014 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 and 1 April 2015 52.7 17.0 284.5 130.1 6.9 491.2
Additions – 3.7 21.5 13.1 – 38.3
Disposals – – (6.5) (2.3) – (8.8)
Effect of changes in exchange rates (0.4) (0.6) (1.6) (2.1) – (4.7)
At 31 March 2016 52.3 20.1 297.9 138.8 6.9 516.0
Accumulated depreciation and
impairment
At 1 April 2014 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 and 1 April 2015 36.3 10.2 254.2 116.6 6.9 424.2
Charge for the year 1.5 1.2 23.1 9.1 – 34.9
Written back on disposals – – (6.3) (2.2) – (8.5)
Effect of changes in exchange rates – (0.4) (1.1) (1.5) – (3.0)
At 31 March 2016 37.8 11.0 269.9 122.0 6.9 447.6
Net book value at 31 March 2016 14.5 9.1 28.0 16.8 – 68.4
Net book value at 31 March 2015 16.4 6.8 30.3 13.5 – 67.0
6 Earnings Per Share
The calculations of basic and diluted earnings per share are based
on the Group’s pro t attributable to shareholders of the Company
of US$181.4 million (2015: US$198.1 million).
The calculation of basic earnings per share is based on the
weighted average of 251.1 million (2015: 251.1 million) ordinary
shares in issue during the year after adjusting for shares held for
Share Purchase Scheme.
The calculation of diluted earnings per share for the year ended
31 March 2015 was based on 251.1 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. No adjustment has been made
to the basic earnings per share presented for the year ended
31 March 2016 as the Company did not have any signi cant
dilutive potential ordinary shares during the year.