2011 - Li & Fung Limited

TEN-YEAR FINANCIAL SUMMARY
CONSOLIDATED PROFIT & LOSS ACCOUNT
160 LI & FUNG LIMITED | ANNUAL REPORT 2011
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Turnover
Continuing operations 20,030,271 15,912,201 13,394,741 14,195,143 11,853,840 8,719,264 7,130,433 6,047,513 5,465,450 4,779,662
Discontinued operations – – – – – – – – – –
20,030,271 15,912,201 13,394,741 14,195,143 11,853,840 8,719,264 7,130,433 6,047,513 5,465,450 4,779,662
Operating profit
Continuing operations 879,937 679,318 497,373 390,310 461,545 309,272 241,615 199,492 160,511 145,772
Discontinued operations – – – – – – – – – –
879,937 679,318 497,373 390,310 461,545 309,272 241,615 199,492 160,511 145,772
Interest income 19,490 13,567 11,636 14,455 26,691 12,627 8,915 5,534 4,920 6,357
Interest expenses (128,594) (98,443) (47,706) (61,561) (64,059) (18,983) (2,741) (1,470) (1,258) (1,152)
Share of profit less losses of
associated companies 1,231 1,850 998 794 634 1,359 1,162 4,205 55 (210)
Profit before taxation 772,064 596,292 462,301 343,998 424,811 304,275 248,951 207,761 164,228 150,767
Taxation (90,660) (47,525) (30,798) (33,269) (32,379) (22,011) (19,391) (16,699) (13,324) (11,906)
Profit for the year 681,404 548,767 431,503 310,729 392,432 282,264 229,560 191,062 150,904 138,861
Attributable to:
Continuing operations 681,229 548,491 431,937 310,505 392,312 282,284 229,523 191,182 152,455 138,832
Discontinued operations – – – – – – – – – –
Shareholders of the Company 681,229 548,491 431,937 310,505 392,312 282,284 229,523 191,182 152,455 138,832
Non-controlling interests 175 276 (434) 225 121 (20) 38 (120) (1,552) 29
681,404 548,767 431,503 310,730 392,433 282,264 229,561 191,062 150,903 138,861
Earnings per share (US cents) (Note)
Basic 8.43 7.17 5.83 4.44 5.74 4.30 3.56 2.98 2.40 2.19
Continuing operations 8.43 7.17 5.83 4.44 5.74 4.30 3.56 2.98 2.40 2.19
Dividend per share (US cents) (Note) 6.79 5.77 4.81 3.65 4.55 3.53 2.91 2.45 2.04 1.78
Special dividend per share
(US cents) (Note) – – – – – – – 1.46 – –
CONSOLIDATED BALANCE SHEET
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Intangible assets 6,525,999 4,882,166 2,333,657 1,872,068 1,458,287 604,252 360,177 167,222 78,570 41,884
Property, plant and equipment 325,432 309,186 160,988 164,495 144,872 142,868 121,488 91,667 93,727 84,403
Other non-current assets 117,418 124,679 112,356 20,246 27,974 113,166 126,028 128,778 117,869 98,420
Current assets 3,951,571 4,177,788 2,757,963 2,752,051 2,444,428 1,966,007 1,349,745 1,057,244 895,034 804,032
Current liabilities 3,664,820 3,317,362 2,227,923 2,288,234 2,095,649 1,658,606 1,264,395 772,589 636,011 533,263
Net current assets 286,751 860,426 530,040 463,817 348,779 307,401 85,350 284,655 259,023 270,769
7,255,600 6,176,457 3,137,041 2,520,626 1,979,912 1,167,687 693,043 672,322 549,189 495,476
Financed by:
Share capital 12,987 12,899 12,103 11,648 11,060 10,928 9,412 9,350 9,301 9,263
Reserves 3,925,619 3,619,179 2,260,485 1,704,039 1,253,589 1,048,924 583,511 594,424 527,939 476,182
Total equity 3,938,606 3,632,078 2,272,588 1,715,687 1,264,649 1,059,852 592,923 603,774 537,240 485,445
Other non-current liabilities 3,316,994 2,544,379 864,453 804,939 715,263 107,835 100,120 68,548 11,949 10,031
7,255,600 6,176,457 3,137,041 2,520,626 1,979,912 1,167,687 693,043 672,322 549,189 495,476
NOTE: Adjusted for the effect of 1-for-10 Bonus Issue in May 2006 and Share Subdivision in May 2011