 Download Financial Highlights
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2012 |
2011 |
2010 |
| For the year ended March 31 |
US$'000 |
US$'000 |
US$'000 |
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| Non-current assets |
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|
|
| Property, plant and equipment |
392,474 |
209,417 |
248,261 |
| Prepaid lease payments |
13,552 |
9,682 |
3,748 |
| Construction-in-progress |
103,986 |
32,092 |
24,711 |
| Intangible assets |
3,091,205 |
2,134,452 |
2,066,337 |
| Interest in associates and jointly controlled entities |
3,410 |
914 |
1,061 |
| Deferred income tax assets |
332,493 |
251,098 |
254,978 |
| Available-for-sale financial assets |
71,946 |
78,689 |
112,520 |
| Other non-current assets |
31,282 |
53,132 |
8,699 |
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4,040,348 |
2,769,476 |
2,720,315 |
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| Current assets |
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| Inventories |
1,218,494 |
803,702 |
878,887 |
| Trade receivables |
2,354,909 |
1,368,924 |
1,021,062 |
| Notes receivable |
639,331 |
391,649 |
386,746 |
| Derivative financial assets |
62,883 |
13,295 |
13,283 |
| Deposits, prepayments and other receivables |
3,303,053 |
2,305,325 |
1,463,422 |
| Income tax recoverable |
70,406 |
56,912 |
33,562 |
| Bank deposits |
413,672 |
42,158 |
200,456 |
| Cash and cash equivalents |
3,757,652 |
2,954,498 |
2,238,195 |
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11,820,400 |
7,936,463 |
6,235,613 |
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| Total assets |
15,860,748 |
10,705,939 |
8,955,928 |
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| Share capital |
33,131 |
31,941 |
31,388 |
| Reserves |
2,328,104 |
1,802,780 |
1,574,453 |
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| Shareholders' funds |
2,361,235 |
1,834,721 |
1,605,841 |
| Non-controlling interests |
86,734 |
179 |
177 |
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| Total equity |
2,447,969 |
1,834,900 |
1,606,018 |
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| Non-current liabilities |
1,603,102 |
838,386 |
930,557 |
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| Current liabilities |
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| Trade payables |
4,050,272 |
2,179,839 |
3,141,426 |
| Notes payable |
127,315 |
98,964 |
94,427 |
| Derivative financial liabilities |
49,253 |
39,223 |
11,259 |
| Provisions, accruals and other payables |
7,074,196 |
5,100,562 |
2,585,850 |
| Income tax payable |
135,530 |
96,711 |
84,329 |
| Bank borrowings |
62,952 |
271,561 |
64,706 |
| Deferred revenue |
310,159 |
245,793 |
437,356 |
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11,809,677 |
8,032,653 |
6,419,353 |
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| Total liabilities |
13,412,779 |
8,871,039 |
7,349,910 |
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| Total equity and liabilities |
15,860,748 |
10,705,939 |
8,955,928 |
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| Net current assets/ (liabilities) |
10,723 |
-96,190 |
-183,740 |
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| Total assets less current liabilities |
4,051,071 |
2,673,286 |
2,536,575 |
* With effect from April 1, 2009, the Group has changed certain classifications in the Balance Sheet:
1. Future billing discounts previously netted with trade receivables have been reclassified to other payables.
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2012 |
2011 |
2010 |
| For the year ended March 31 |
US$'000 |
US$'000 |
US$'000 |
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| Continuing operations |
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| Cash flows from operating activities |
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| Net cash generated from operations |
2,126,765 |
1,089,097 |
976,873 |
| Interest paid |
-38,477 |
-48,089 |
-59,891 |
| Tax paid |
-148,332 |
-75,754 |
-82,231 |
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| Net cash (used in)/generated from operating activities |
1,939,956 |
965,254 |
834,751 |
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| Cash flows from investing activities |
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| Purchase of property, plant and equipment |
-101,238 |
-48,834 |
-36,144 |
| Sale of property, plant and equipment |
6,311 |
8,440 |
8,762 |
| Sale of intangible assets |
- |
25 |
- |
| Acquisition of subsidiaries, net of cash acquired |
-172,316 |
- |
-106,704 |
| Interest acquired in jointly controlled entities |
-3,237 |
- |
11,982 |
| Payment for construction-in-progress |
-205,601 |
-78,531 |
-39,979 |
| Payment for intangible assets |
-22,354 |
-20,297 |
-32,320 |
| Purchase of available-for-sale financial assets |
-10,055 |
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| Net proceeds from disposal of financial instruments |
- |
21,398 |
89,538 |
| Proceeds from disposal of associate |
145 |
- |
- |
| (Increase)/decrease in bank deposits |
-371,514 |
158,298 |
-172,126 |
| Dividend received |
95 |
93 |
1,558 |
| Interest received |
42,693 |
24,927 |
20,377 |
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| Net cash generated / (used in)from investing activities |
-837,071 |
65,519 |
-255,056 |
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| Cash flows from financing activities |
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| Exercise of share options |
10,889 |
25,116 |
13,640 |
| Repurchase of shares |
- |
-86,610 |
- |
| Contributions to employee share trusts |
- |
- |
- |
| Dividends paid |
-114,687 |
-87,870 |
-11,896 |
| Net (decrease)/ increase in bank borrowings |
-211,726 |
-223,145 |
-218,884 |
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| Net cash (used in)/generated from financing activities |
-315,524 |
-372,509 |
-217,140 |
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| Increase in cash and cash equivalents |
787,361 |
658,264 |
362,555 |
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| Discontinued operations |
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| Decrease in cash and cash equivalents from discontinued operations |
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- |
- |
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| Effect of foreign exchange rate changes |
15,793 |
58,039 |
12,261 |
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| Cash and cash equivalents at the beginning of the year |
2,954,498 |
2,238,195 |
1,863,379 |
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| Cash and cash equivalents at the end of the year |
3,757,652 |
2,954,498 |
2,238,195 |
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2012 |
2011 |
2010 |
| For the year ended March 31 |
US$’000 |
US$’000 |
US$’000 |
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| Continuing operations |
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| Sales |
29,574,438 |
21,594,371 |
16,604,815 |
| Cost of sales |
-26,128,216 |
-19,230,417 |
-14,815,221 |
| Gross profit |
3,446,222 |
2,363,954 |
1,789,594 |
| Other income/(expenses) - net |
1,199 |
419 |
83,126 |
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| Selling and distribution expenses |
-1,690,778 |
-1,038,455 |
-839,388 |
| Administrative expenses |
-730,294 |
-719,708 |
-566,245 |
| Research and development expenses |
-453,334 |
-303,413 |
-214,343 |
| Other operating income/(expenses) - net |
11,070 |
79,427 |
-34,058 |
| Operating (loss)/profit |
584,085 |
382,224 |
218,686 |
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| Finance income |
42,693 |
24,927 |
20,377 |
| Finance costs |
-43,484 |
-49,175 |
-62,881 |
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| Share of (losses)/profits of jointly controlled entities |
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- |
- |
| Share of (losses)/profits of associated companies |
-851 |
-225 |
121 |
| Profit/(loss) before taxation |
582,443 |
357,751 |
176,303 |
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| Taxation |
-107,027 |
-84,515 |
-46,935 |
| Profit/(loss) from continuing operations |
475,416 |
273,236 |
129,368 |
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| Discontinued operations |
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| Profit/(loss) from discontinued operations |
- |
- |
- |
| Profit/(loss) for the year |
475,416 |
273,236 |
129,368 |
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| Profit/(loss) attributable to: |
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| Equity holders of the Company |
472,992 |
273,234 |
129,368 |
| Non-controlling interests |
2,424 |
2 |
- |
|
475,416 |
273,236 |
129,368 |
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| Dividends |
183,214 |
96,601 |
68,728 |
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| Earnings/(loss) per share attributed to equity holders of the company (US cents) |
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| Basic |
101,856 |
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| - Continuing operations |
4.67 |
2.84 |
1.42 |
| - Discontinued operations |
0.00 |
0.00 |
0.00 |
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4.67 |
2.84 |
1.42 |
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| Diluted |
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| - Continuing operations |
4.57 |
2.73 |
1.33 |
| - Discontinued operations |
0.00 |
0.00 |
0.00 |
|
4.57 |
2.73 |
1.33 |
* With effect from April 1, 2009, the Group has changed certain classifications in the Income Statement:
1. Exchange (loss)/gain on cash flow hedges previously recorded in other operating income/(expenses) has been reclassified to sales and cost of sales respectively.
2. Costs associated with factoring previously recorded in other operating expense have been reclassified to finance costs.
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Q3
2012-13 |
Q2
2012-13 |
Q1
2012-13 |
Q4
2011-12 |
Q3
2011-12 |
Q2
2011-12 |
Q1
2011-12 |
Q4
2010-11 |
Q3
2010-11 |
|
For the quarter ended Dec 31, 2012 |
For the quarter ended Sep 30, 2012 |
For the quarter ended Jun 30, 2012 |
For the quarter ended Mar 31, 2012 |
For the quarter ended Dec 31, 2011 |
For the quarter ended Sep 30, 2011 |
For the quarter ended Jun 30, 2011 |
For the quarter ended Mar 31, 2011 |
For the quarter ended Dec 31, 2010 |
|
US$’000 |
US$’000 |
US$’000 |
US$’000 |
US$’000 |
US$’000 |
US$’000 |
US$’000 |
US$’000 |
| Continuing operations |
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| Revenue |
9,358,746 |
8,672,601 |
8,009,696 |
7,496,278 |
8,371,858 |
7,786,386 |
5,919,916 |
4,879,385 |
5,808,331 |
| Cost of sales |
(8,257,471) |
(7,622,321) |
(7,050,813) |
(6,690,546) |
(7,417,698) |
(6,838,554) |
-5,181,419 |
-4,279,800 |
-5,159,944 |
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| Gross profit |
1,101,275 |
1,050,280 |
958,883 |
805,732 |
954,160 |
947,832 |
738,497 |
599,585 |
648,387 |
| Other (loss) / income - net |
19,954 |
269 |
(316) |
- |
1,199 |
- |
- |
130 |
116 |
| Selling and distribution expenses |
(535,584) |
(489,285) |
(445,901) |
(424,332) |
(458,441) |
(458,489) |
(349,546) |
(281,314) |
(291,271) |
| Administrative expenses |
(227,138) |
(198,477) |
(193,684) |
(189,319) |
(169,908) |
(197,351) |
(173,716) |
(194,167) |
(173,986) |
| Research and development expenses |
(162,432) |
(152,824) |
(135,441) |
(139,296) |
(117,722) |
(118,795) |
(77,521) |
(91,613) |
-75,784 |
| Other operating (expenses) / income- net |
47,448 |
(4,332) |
(1,717) |
48,681 |
(15,853) |
(7,108) |
(14,650) |
36,810 |
17,128 |
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| Operating profit |
243,523 |
205,631 |
181,824 |
101,466 |
193,465 |
166,089 |
123,064 |
69,431 |
124,590 |
| Finance income |
11,128 |
10,365 |
11,630 |
10,987 |
12,568 |
10,206 |
8,932 |
6,842 |
6,797 |
| Finance costs |
(8,051) |
(11,517) |
(8,124) |
(10,365) |
(13,580) |
(11,343) |
(8,196) |
-15,899 |
(10,817) |
| Share of losses of associates and jointly controlled entities |
(144) |
(654) |
(82) |
(351) |
(103) |
(90) |
(307) |
-329 |
177 |
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| Profit before taxation |
246,456 |
203,825 |
185,248 |
101,737 |
192,350 |
164,862 |
123,493 |
60,045 |
120,747 |
| Taxation |
(46,386) |
(40,938) |
(40,812) |
(34,163) |
(37,975) |
(20,191) |
(14,698) |
(17,906) |
(21,097) |
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| Profit from continuing operations |
200,070 |
162,887 |
144,436 |
67,574 |
154,375 |
144,671 |
108,795 |
42,139 |
99,650 |
| Discontinued operations |
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| Profit/(loss) from discontinued operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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| Profit for the period |
200,070 |
162,887 |
144,436 |
67,574 |
154,375 |
144,671 |
108,795 |
42,139 |
99,650 |
| Profit attributable to: |
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| Equity holders of the Company |
204,870 |
162,047 |
141,367 |
66,817 |
153,459 |
143,919 |
108,796 |
42,138 |
99,650 |
| Non-controlling interests |
-4,800 |
840 |
3,069 |
757 |
916 |
752 |
(1) |
1 |
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200,070 |
162,887 |
144,436 |
67,574 |
154,375 |
144,671 |
108,795 |
42,139 |
99,650 |
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| Earnings per share attributed to equity holders of the company (US cents) |
|
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| Basic |
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| - Continuing operations |
1.99 |
1.58 |
1.37 |
0.65 |
1.50 |
1.41 |
1.11 |
0.43 |
1.03 |
| - Discontinued operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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1.99 |
1.58 |
1.35 |
0.65 |
1.50 |
1.41 |
1.11 |
0.43 |
1.03 |
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| Diluted |
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| - Continuing operations |
1.96 |
1.55 |
1.33 |
0.63 |
1.46 |
1.38 |
1.08 |
0.42 |
0.98 |
| - Discontinued operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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1.96 |
1.55 |
1.33 |
0.63 |
1.46 |
1.38 |
1.08 |
0.42 |
0.98 |
* With effect from April 1, certain classifications of expenses between functions have been changed and comparative figures for the previous two quarters have been reclassified to conform to the current period's presentation.
For the respective quarters ended June 30, 2010 and September 30, 2010, $7,295,000 and $9,496,000 which were previously included in research and development expenses have been reclassified to administrative expenses.
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| For the year ended March 31 |
2012 |
2011 |
| |
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| Liquidity Ratios |
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| Quick Ratio (X) |
0.89 |
0.89 |
| Current Ratio (X) |
1.00 |
0.99 |
| Cash Flow per share (US$) |
0.19 |
0.10 |
| Free Cash Flow per share (US$) |
0.06 |
0.08 |
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| Leverage Ratios (%) |
|
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| LT Debt to Equity |
0 |
0 |
| Total Debt to Equity |
2.57 |
14.80 |
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| Profitability Ratios (%) |
|
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| Return on Equity (ROE) |
19.42 |
14.89 |
| Return on Assets (ROA) |
3.00 |
2.55 |
| Return on Invested Capital (ROIC) |
18.93 |
10.57 |
| Gross Profit Margin |
11.65 |
10.95 |
| Pretax Margin |
1.97 |
1.66 |
| Net Margin |
1.61 |
1.27 |
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| Asset Utilization Ratios (X) |
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| Total Assets Turnover |
1.86 |
2.02 |
| Inventory Turnover |
25.84 |
22.86 |
* Convertible preferred shares (CPS) are treated as 100% equity when calculating cash flow per share, free cash flow per share and leverage ratios.
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