HKSE : 303 2013/2014 Interim Report for the six months ended 30 September 2013
SynJ Synapse 1.9% 8 9,240 4.7% 9,520 4.4% 38.0 36.4 16.0 3.8% 4 5,580 51.1% 2.1% 2 150 CareLine 8.5% 1 5,780 Go! Go! Smart Wheels 2013 The Toy Insider 2013 Switch and Go Dinos InnoTab MobiGo 2 V.Reader InnoTab 3 3S InnoTab 3S The Toy Insider InnoTab 3S 2013 InnoTab 3S Kid Connect InnoTab 3S 2013/2014 21
0.3% 9,650 44.2% 2 150 34.6% 1 5,780 12.1% 1 3,200 21.2% 9,650 4 5,580 0.2% 3 5,270 39.5% 22.5% 7,920 37.4% 1 3,200 3 5,270 40.1% 1 4,150 25.3% 7,920 connected home 3.3% 5,270 5.9% 1 4,150 10.3% Toot-Toot Drivers Switch and Go Dinos InnoTab InnoTab 3 3S Storio 2 Toot-Toot Drivers La Revue du Jouet 2013 InnoTab 3 Smyths Toys Superstores 2013 2.7% 1,920 1,190 6.3% 2.4% 2,160 22 2013/2014
36.4% 1,920 41.0% 2,160 5,270 22.6% 1,190 3,120 8.5% 3.5% 3.6% 2,020 25.9% 1,060 (Session Initiation Protocol, SIP) SIP connected home Go! Go! Smart Wheels Switch and Go Dinos 40 30 64.7% 2,020 1.3% 40 34.0% 1,060 3,120 2013/2014 23
892.4 876.1 16.3 282.5 266.3 16.2 31.7% 30.4% (177.5) (167.3)* (10.2) 19.9% 19.1% 105.0 99.0* 6.0 11.8% 11.3% 0.8 1.9 (1.1) 105.8 100.9* 4.9 (10.6) (10.0) (0.6) 10.0% 9.9% 95.2 90.9* 4.3 * 2 19 1.9% 8 9,240 % % % 455.8 51.1% 439.0 50.1% 16.8 3.8% 352.7 39.5% 352.0 40.2% 0.7 0.2% 52.7 5.9% 51.0 5.8% 1.7 3.3% 31.2 3.5% 34.1 3.9% (2.9) 8.5% 892.4 100.0% 876.1 100.0% 16.3 1.9% 1,000 800 600 400 876.1 892.4 1 5006006.1% 11.3% 11.8% 200 0 2012 2013 2 8,250 2 6,630 1,620 6.1% 30.4% 31.7% 1 7,750 6.1% 19.1% 19.9% 1 1,190 1 1,560 3.3% 12.8% 13.0% 24 2013/2014
2,690 3,140 50 40 3.0% 3.5% 3,050 7.0% 3.3% 3.4% 9,520 4304.7% 10.4% 10.7% 2 7,690 3 9,930 5,93017.4%111126 2 2,490 3 8,020 290 0.8% 61 59 38.0 36.4 100 80 60 40 90.9* 95.2 1 7,620 2 5,930 1,480 6.1% 74 85 20 0 2012 2013 * 1,730 16.0 4,010 9,470 2013/2014 25
3 892.4 876.1 1,858.0 (609.9) (609.8) (1,260.2) 282.5 266.3 597.8 (115.6) (111.9) (260.0) (31.4) (26.9) (56.8) (30.5) (28.5) (57.1) 3&4 105.0 99.0 223.9 0.8 1.9 1.7 105.8 100.9 225.6 5 (10.6) (10.0) (24.1) 95.2 90.9 201.5 7 38.0 36.4 80.6 38.0 36.3 80.5 91.7 92.6 88.4 5.2 5.1 5.2 0.1 0.2 0.1 8.0 9.7 4.6 105.0 107.6 98.3 8 399.3 340.0 276.9 9 417.5 411.8 257.1 0.7 0.2 0.4 94.7 108.9 308.6 912.2 860.9 843.0 10 (447.5) (417.2) (330.6) (28.8) (31.5) (28.2) (16.4) (11.0) (7.2) (492.7) (459.7) (366.0) 419.5 401.2 477.0 524.5 508.8 575.3 2 (2.9) (4.5) (10.6) (5.7) (6.5) (4.5) (7.4) (16.3) (11.0) 517.1 492.5 564.3 11 12.5 504.6 12.5 480.0 12.5 551.8 517.1 492.5 564.3 95.2 90.9 201.5 (1.7) 2 3.6 (1.7) 2.3 3.6 (1.7) 0.6 4.6 0.1 2.5 (1.1) (0.8) (1.5) 5.9 (1.9) (3.6) 9.4 (2.6) (2.6) 13.0 (4.3) (2.0) 13.0 (4.3) (2.0) 108.2 86.6 199.5 (45.8) (58.1) 196.5 (17.3) (17.0) (29.9) 0.2 0.5 1.0 125.0 150.0 15.0 107.9 133.5 (13.9) (156.8) (141.8) (182.8) 5.8 (1.2) (2.7) (88.9) (67.6) (2.9) 173.6 176.5 176.5 84.7 108.9 173.6 94.7 108.9 308.6 (10.0) (135.0) 84.7 108.9 173.6 28 34 6 26 2013/2014
12.5 138.6 (0.9) 19.6 5.8 2.2 2.4 392.1 572.3 19 2 (8.0) (8.0) 12.5 138.6 (0.9) 19.6 5.8 2.2 2.4 384.1 564.3 95.2 95.2 4.6 4.6 (1.1) (1.1) 5.9 5.9 3.6 3.6 5.9 3.5 3.6 13.0 5.9 3.5 98.8 108.2 6 (160.5) (160.5) 11(a) 4.7 4.7 1.2 (1.2) 11(c) (1.0) (1.0) 11(c) 1.4 1.4 12.5 144.5 (0.5) 19.6 11.7 1.0 5.9 322.4 517.1 12.5 128.2 (0.9) 21.3 9.4 4.2 1.4 380.1 556.2 19 2 (9.5) (9.5) 12.5 128.2 (0.9) 21.3 9.4 4.2 1.4 370.6 546.7 90.9 90.9 0.1 0.1 (0.8) (0.8) (1.9) (1.9) (1.7) (1.7) (1.9) (0.7) (1.7) (4.3) (1.9) (0.7) 89.2 86.6 6 (150.2) (150.2) 11(a) 8.4 8.4 2.1 (2.0) 0.1 11(c) 0.9 0.9 12.5 138.7 21.3 7.5 2.2 0.7 309.6 492.5 28 34 2013/2014 27
1 34 2 34 2410 2 1 19 2009 2011 7 10 12 13 1 1 19 19 19 19 19 19 (26.6) (0.3) (26.9) 91.2 (0.3) 90.9 36.5 (0.1) 36.4 36.5 (0.2) 36.3 (1.7) (1.7) 88.6 (2.0) 86.6 414.0 (2.2) 411.8 (10.6) (10.6) 8.4 1.3 9.7 321.1 (11.5) 309.6 28 2013/2014
2 13 19 19 (56.0) (0.8) (56.8) 202.3 (0.8) 201.5 80.9 (0.3) 80.6 80.8 (0.3) 80.5 2.3 2.3 198.0 1.5 199.5 259.5 (2.4) 257.1 (6.5) (6.5) 3.7 0.9 4.6 392.1 (8.0) 384.1 2009 2011 2009 2011 34 8 10 1027 12 13 13 12 13 3 8 10 12 12 12 12 (a) 2013/2014 29
3 (c) (b) 455.8 439.0 352.7 352.0 52.7 51.0 31.2 34.1 892.4 876.1 52.0 47.7 40.8 37.6 7.1 7.8 5.1 5.9 105.0 99.0 256.6 168.0 207.8 109.7 543.7 658.0 0.3 0.5 1,008.4 936.2 (58.3) (45.4) (45.7) (27.0) (371.0) (285.5) (1.3) (0.9) (476.3) (358.8) 1,008.4 936.2 0.1 0.1 0.7 0.4 8.0 4.6 1,017.2 941.3 (476.3) (358.8) (16.4) (7.2) (2.9) (6.5) (4.5) (4.5) (500.1) (377.0) 4 609.9 609.8 15.4 14.4 (0.1) 0.1 1.9 2.3 1.0 1.8 (0.8) (1.9) 0.5 (0.4) 5 11.5 10.5 2.9 2.1 (3.8) (2.6) 10.6 10.0 14.4 12.6 (3.8) (2.6) 10.6 10.0 30 2013/2014
6 8 (a) 16.0 16.0 40.1 40.1 (b) 64.0 60.0 160,200,000 160,500,000 150,200,000 7 95,200,000 90,900,000 250,600,000 249,900,000 250,700,000 250,100,000 95.2 90.9 250.6 249.9 0.1 0.2 250.7 250.1 38.0 36.3 292,900,000 157,800,000 201,000,000 9 417,500,000 257,100,000 411,800,000 380,200,000 224,900,000 377,300,000 30 218.8 114.9 31 60 115.7 77.3 61 90 42.5 24.3 90 3.2 8.4 380.2 224.9 10 447,500,000 330,600,000 417,200,000 259,300,000 176,200,000 244,500,000 259.3 176.2 188.2 154.4 447.5 330.6 30 81.0 68.3 31 60 80.6 35.1 61 90 71.2 47.5 90 26.5 25.3 259.3 176.2 2013/2014 31
11 (a) 400,000,000 400,000,000 0.05 20.0 20.0 0.05 250,378,133 12.5 249,489,133 12.5 494,000 889,000 250,872,133 12.5 250,378,133 12.5 39,000 82,800 11(c) (b) 24,938,913 360,000 0.14% 1 41.07 85.35 85.35 128,000 (128,000) 2 384,000 (174,000) 3 342,000 (192,000) 4 210,000 150,000 854,000 (494,000) 360,000 (1) (2) 128,000 41.07 106.50 102.40 (3) 174,000 85.35 116.90 113.10 (4) 192,000 85.35 114.10 115.54 (5) 32 2013/2014
11 (b) Black-Scholes 1 2 69,000 1,400 1,000,000 15,000 5.95 22.12 40.1 85.1 41.07 85.35 43.33% 54.24% 1.88% 0.99% 3.5 2.5 3 10.3% 5.22% (1) (2) (3) (4) (c) 3% 1 95.17 74.16 4 112,800 95,900 1,400,000 900,000 (1) (2) (3) (4) 12,400 39,000 82,800 1,400,000 900,000 2013/2014 33
12 (a) 13 6,200,0003,200,000 3,300,000 13 9.8 25.7 6.0 7.1 14 15.8 32.8 317,200,000 267,700,000 15 32 36 10 12 27 9 16 34 2013/2014
352 10 XV (1) 9,654,393 3,968,683 74,101,153 87,724,229 34.97% 1 210,000 210,000 0.08% 128,000 128,000 0.05% 449,430 592,200 1,041,630 0.42% 2 211,500 211,500 423,000 0.17% 3 3 162,000 162,000 0.06% (1) Honorex LimitedHonorex 1,416,325 Conquer Rex LimitedConquer Rex 65,496,225 Twin Success Pacific LimitedTwin Success 7,188,603 Conquer Rex Honorex Conquer Rex Honorex Twin Success Surplus Assets LimitedSurplus AssetsSurplus Assets The Allan Wong 2011 Trust Credit Suisse Trust Limited Surplus Assets 74,101,153 Honorex 65,496,225 Surplus Assets Credit Suisse Trust Limited Credit Suisse Trust Limited Surplus Assets (2) Golden Step Limited (3) Romsley International Limited (4) (2) 41.07 85.35 85.35 128,000 1 256,000 210,000 2 128,000 2 (1) 106.50 (2) 116.90 352 XV 2013/2014 35
XV 336 5% Credit Suisse Trust Limited 1 74,101,153 29.54% Surplus Assets Limited 1 74,101,153 29.54% Honorex Limited 1 65,496,225 26.11% 1 1,416,325 0.56% Conquer Rex Limited 1 65,496,225 26.11% Templeton Asset Management Limited 37,538,400 14.96% JPMorgan Chase & Co. 2 764,201 0.30% 2 3,664,400 1.46% 2 10,377,015 4.14% JPMorgan Chase & Co. 2 527,168 0.21% JPMorgan Chase & Co. 2 10,377,015 4.14% (1) Honorex1,416,325Conquer Rex65,496,225Twin Success7,188,603Conquer Rex Honorex Conquer Rex Honorex Twin Success Surplus Assets Surplus Assets The Allan Wong 2011 Trust Credit Suisse Trust Limited Surplus Assets 74,101,153 Honorex 65,496,225 Surplus Assets Credit Suisse Trust Limited Credit Suisse Trust Limited Surplus Assets 74,101,153 (2) JPMorgan Chase & Co. 14,805,616 527,168 (i) 764,201 527,168 (ii) 3,664,400 (iii) 10,377,015 JPMorgan Chase & Co. XV 336 36 2013/2014
14 A.2.1 A.2.1 10 2013/2014 37
16.0 13.51B(1) 13.51(2) (a) (e) (g) MUFG Fund Services (Bermuda) Limited 26 Burnaby Street, Hamilton HM11, Bermuda 183 17 1712 16 1,000,000 69,000 38 2013/2014
Clarendon House 2 Church Street Hamilton HM11 Bermuda 57 1 23 2013/2014 39
35 303 MUFG Fund Services (Bermuda) Limited 26 Burnaby Street Hamilton HM11 Bermuda 183 17 1712 16 (852) 2862 8628 (852) 2865 0990 hkinfo@computershare.com.hk 100 250,872,133 57 1 23 (852) 2680 1000 (852) 2680 1788 investor_relations@vtech.com 16.0 www.vtech.com/investors/stock-info 40 2013/2014
If there are any discrepancies between the Chinese translation and the English version of this Interim Report, the English version shall prevail.
(Incorporated in Bermuda with limited liability) 23rd Floor, Tai Ping Industrial Centre, Block 1 57 Ting Kok Road, Tai Po, New Territories, Hong Kong Tel: (852) 2680 1000 Fax: (852) 2680 1300 Email: investor_relations@vtech.com www.vtech.com 57 1 23 (852) 2680 1000 (852) 2680 1300 investor_relations@vtech.com www.vtech.com