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Financial Highlights
For the year ended 31 March
2015
2014
(Restated)
Change
Operating results (US$ million)
Revenue
1,879.8
1,898.9
-1.0%
Gross profit
610.5
634.3
-3.8%
Operating profit
220.1
226.6
-2.9%
Profit before taxation
221.7
228.0
-2.8%
Profit attributable to shareholders of the Company
198.1
203.8
-2.8%
Financial position (US$ million)
Cash generated from operations
250.4
257.2
-2.6%
Deposits and cash
294.2
322.9
-8.9%
Shareholders’ funds
540.8
562.4
-3.8%
Per share data (US cents)
Earnings per share – basic
78.9
81.3
-3.0%
Earnings per share – diluted
78.9
81.3
-3.0%
Dividend per share – interim and final
78.0
80.0
-2.5%
Other data (US$ million)
Capital expenditure
30.9
30.1
2.7%
R&D expenditure
56.1
58.0
-3.3%
Key ratios (%)
Gross profit margin
32.5
33.4
-0.9% pts
Operating profit margin
11.7
11.9
-0.2% pts
Net profit margin*
10.5
10.7
-0.2% pts
EBITDA/Revenue
13.4
13.6
-0.2% pts
Return on shareholders’ funds
36.6
36.2
0.4% pts
* Net profit margin is calculated as profit attributable to shareholders of the Company as a percentage of revenue
Pro t Attributable to Shareholders
of the Company and Net Pro t
Margin in Last 5 Years
US$ million
* Restated
Pro t attributable to shareholders
of the Company (US$ million)
Net pro t margin (%)
250
200
150
100
50
0
11 12 13 14 15
202.0 191.9 201.5 203.8* 198.1
20
16
12
8
4
0
%
11.8
10.8 10.8 10.7 10.5
Gross Pro t and Gross Pro t Margin
in Last 5 Years
US$ million
Gross pro t (US$ million)
Gross pro t margin (%)
700
600
500
400
300
200
100
0
11 12 13 14 15
566.9 570.8
597.8
634.3
610.5
70
60
50
40
30
20
10
0
%
33.1 32.0 32.2 33.4 32.5
Group Revenue in Last 5 Years
US$ million
2,100
1,800
1,500
1,200
900
600
300
0
11 12 13 14 15
1,712.8 1,784.5
1,858.0 1,898.9 1,879.8
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VTech Holdings Limited
Annual Report 2015