6 Months						2005	2005	2005	2005	2005	2005	2005
to end Jul						Feb	Mar	Apr	May	Jun	Jul	6-Mths
PERFORMANCE REVIEW
Net debt (cash surplus) as percentage of
owners' equity						329	316	546	544	519	487	487
Current asset ratio (times)						0.7	0.7	0.4	0.4	0.4	0.5	0.5
												Avg
Accounts receivable (days annualized sales)						48	40	36	38	38	38	40
Inventory (days annualised sales)						14	13	13	13	12	12	13
Accounts payable (days annualized costs)						33	26	21	17	18	18	22
As % sales:
-Materials/packaging & goods						41.0	41.0	41.0	41.0	41.0	41.0	41.0
-Direct labor						3.9	3.8	3.7	5.3	5.2	5.0	4.5
-Gross margin						41.4	41.6	41.7	40.1	40.3	40.5	40.9
-Income from operations						7.0	8.2	9.4	8.1	9.3	10.4	8.8
-Net income before taxes						4.1	5.2	13.5	2.4	3.7	5.0	5.6
Average number of employees (headcount)						3.0	3.0	3.0	3.5	3.5	3.5	3.3
Annualized sales per employee ($000)						88.0	91.0	94.1	83.3	86.0	88.7	88.5