Vtech 2016 Annual Report Download - page 60

Download and view the complete annual report

Please find page 60 of the 2016 Vtech annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

Notes to the Financial Statements
56 VTech Holdings Limited Annual Report 2016
7 Tangible Assets (Continued)
Land and buildings comprise:
Freehold land
and buildings
and medium-
term leasehold
land and
buildings
US$ million
Short-term
leasehold
buildings
US$ million
Total
US$ million
Cost
At 1 April 2014 12.1 42.3 54.4
Additions – 0.1 0.1
Effect of changes in exchange rates (1.8) – (1.8)
At 31 March 2015 and 1 April 2015 10.3 42.4 52.7
Effect of changes in exchange rates 0.3 (0.7) (0.4)
At 31 March 2016 10.6 41.7 52.3
Accumulated depreciation
At 1 April 2014 6.6 29.1 35.7
Charge for the year 0.3 1.3 1.6
Effect of changes in exchange rates (1.0) – (1.0)
At 31 March 2015 and 1 April 2015 5.9 30.4 36.3
Charge for the year 0.2 1.3 1.5
Effect of changes in exchange rates 0.2 (0.2) –
At 31 March 2016 6.3 31.5 37.8
Net book value at 31 March 2016 4.3 10.2 14.5
Net book value at 31 March 2015 4.4 12.0 16.4
Net book value of land and buildings comprises:
Hong Kong
Medium-term leasehold land and buildings
(less than 50 years but not less than 10 years) 1.5 – 1.5
Overseas
Freehold land and buildings 2.8 – 2.8
Short-term leasehold buildings – 10.2 10.2
2.8 10.2 13.0
8 Leasehold Land Payments
Note
2016
US$ million
2015
US$ million
Net book value at 1 April 5.0 5.1
Amortisation 2(0.2) (0.1)
Net book value at 31 March (note (i)) 4.8 5.0
Leasehold land payments in respect of:
Owner-occupied properties 4.8 5.0
Note:
(i) Included in leasehold land payments is the amount of US$3.0 million (2015: US$3.0 million) paid for the acquisition of certain sites in the PRC.