2 VTech Holdings Limited
Annual Report 2014
Financial Highlights
US$ million
%
10
206.5
11
202.0
12
191.9
13
201.5*
14
203.3
0
50
100
150
200
250
0
4
8
12
16
20
13.5
11.8
10.8 10.8* 10.7
US$ million
%
10
559.4
11
566.9
12
570.8
13
597.8
14
634.3
0
100
200
300
400
500
600
700
0
10
20
30
40
50
60
70
36.5
33.1 32.0 32.2 33.4
Group Revenue in Last 5 Years
Gross Profit and Gross Profit Margin
in Last 5 Years
Profit Attributable to Shareholders of
the Company and Net Profit Margin
in Last 5 Years
Profit attributable to shareholders
of the Company (US$ million)
Net profit margin (%)
Gross profit (US$ million)
Gross profit margin (%)
* Restated
For the year ended 31 March
2014
2013
(Restated)
Change
Operating results (US$ million)
Revenue
1,898.9
1,858.0
2.2%
Gross profit
634.3
597.8
6.1%
Operating profit
226.1
223.9
1.0%
Profit before taxation
227.5
225.6
0.8%
Profit attributable to shareholders of the Company
203.3
201.5
0.9%
Financial position (US$ million)
Cash generated from operations
257.2
214.3
20.0%
Deposits and cash
322.9
308.6
4.6%
Shareholders’ funds
575.6
564.3
2.0%
Per share data (US cents)
Earnings per share – basic
81.1
80.6
0.6%
Earnings per share – diluted
81.1
80.5
0.7%
Dividend per share – interim and final
80.0
80.0
–
Other data (US$ million)
Capital expenditure
30.1
29.9
0.7%
R&D expenditure
58.0
57.1
1.6%
Key ratios (%)
Gross profit margin
33.4
32.2
1.2% pts
Operating profit margin
11.9
12.0
-0.1% pts
Net profit margin*
10.7
10.8
-0.1% pts
EBITDA/Revenue
13.6
13.6
–
Return on shareholders’ funds
35.3
35.7
-0.4% pts
* Net profit margin is calculated as profit attributable to shareholders of the Company as a percentage of revenue
US$ million
10
1,532.3
11
1,712.8
12
1,784.5
13
1,858.0
14
1,898.9
0
300
600
900
1,200
1,500
1,800
2,100
