12 Months   1       2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 As %
to end Dec   1       Jan Feb Mar  Apr May Jun Jul Aug Sep Oct Nov Dec Year Sales
PROFIT & LOSS ACCOUNTS 1 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000  
  1    
Sales: 1    
 - Group1 100.0 110.0 95.0 115.0 85.0 130.0 105.0 125.0 140.0 145.0 135.0 150.0 1,435.0 31
 - Group2 33.5 57.0 70.4 77.1 70.4 83.8 93.8 103.9 110.6 107.2 120.6 113.9 1,042.2 22
 - Group3 16.5 28.1 34.7 38.0 34.7 41.3 46.2 51.2 54.5 52.8 59.4 56.1 513.5 11
 - Group4 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 120.0 3
 - Group5 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 240.0 5
 - Group6 85.0 105.0 95.0 100.0 110.0 110.0 115.0 110.0 120.0 125.0 120.0 135.0 1,330.0 28
Total sales 1 265.0 330.1 325.1 360.1 330.1 395.1 390.0 420.1 455.1 460.0 465.0 485.0 4,680.7 100
  1    
Cost of sales: 1    
 -Materials/packaging/goods 87.8 119.2 103.1 124.2 101.2 142.4 125.8 147.8 158.4 150.6 158.3 168.4 1,587.3 34
 -Direct labour 11.0 10.8 12.6 13.2 15.8 14.9 17.0 17.9 18.7 19.9 21.6 22.7 196.2 4
 -Other direct 27.5 24.7 26.2 30.1 33.3 33.9 36.3 35.9 35.5 40.5 41.7 41.7 407.2 9
Cost of sales 1 126.3 154.7 141.8 167.5 150.3 191.2 179.2 201.6 212.7 211.0 221.6 232.8 2,190.6 47
  1    
Gross margin 1 138.7 175.4 183.3 192.6 179.8 203.9 210.8 218.5 242.4 249.0 243.4 252.2 2,490.1 53
  1    
Overhead costs: 1    
 -Operational (indirect) 32.0 32.0 32.0 32.0 32.0 32.0 32.0 32.0 32.0 32.0 32.0 32.0 384.0 8
 -Selling & freight 44.5 46.4 46.3 47.3 46.4 48.4 48.2 49.1 50.2 50.3 50.5 51.1 578.4 12
 -Management/admin staff 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 600.0 13
 -Research & development 21.0 21.0 21.0 21.0 21.0 21.0 21.0 21.0 21.0 21.0 21.0 21.0 252.0 5
 -Administration 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 108.0 2
 -Establishment & general 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 174.0 4
Total overhead costs 171.0 172.9 172.8 173.8 172.9 174.9 174.7 175.6 176.7 176.8 177.0 177.6 2,096.4 45
  1    
Trading profit 1 (32.3) 2.5 10.5 18.8 6.9 29.0 36.1 42.9 65.8 72.2 66.5 74.6 393.6 8
Less: Bad debts 1.3 1.7 1.6 1.8 1.7 2.0 2.0 2.1 2.3 2.3 2.3 2.4 23.4 1
Less: Depreciation 7.1 7.1 7.1 7.1 7.7 7.7 7.7 7.7 7.7 9.0 9.0 9.0 93.8 2
Less: Operating lease & HP payments 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 66.0 1
Plus: Profit (loss) on sale of fixed assets 40.0 40.0 1
Plus: Revenue grants/subsidies    
Operating profit 1 (46.2) (11.8) (3.7) 4.5 (8.0) 13.8 21.0 27.6 50.3 55.4 49.7 97.8 250.5 5
Less: Interest payable 6.8 7.1 7.4 8.0 8.4 11.6 10.3 7.8 9.1 11.6 13.4 12.8 114.2 2
Less: Finance lease interest 5.0 5.0 5.0 5.0 10.0 5.0 5.0 10.0 5.0 5.0 60.0 1
Less: Intangible asset writedowns 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 60.0 1
Plus: Interest receivable 0.0 0.0 0.2 0.5 0.2 0.6 1.5 1.9 1.7 6.5 0
Plus:Capital grant amortisation    
Plus: Miscellaneous income 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 120.0 3
Net profit before tax 1 (52.9) (18.8) (11.1) (3.6) (21.3) 2.5 11.1 15.0 41.8 50.3 38.2 91.7 142.9 3
Corporation tax 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 10.0 0
Profit after tax 1 (53.7) (19.6) (11.9) (4.4) (22.2) 1.6 10.3 14.2 41.0 49.5 37.3 90.8 132.9 3
Dividends declared    
Transferred to reserves   1       (53.7) (19.6) (11.9) (4.4) (22.2) 1.6 10.3 14.2 41.0 49.5 37.3 90.8 132.9 3