12 Months         04-05 2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2006 05-06  
to end Jan         Year Feb Mar  Apr May Jun Jul Aug Sep Oct Nov Dec Jan Year  
PERFORMANCE REVIEW (Annualized averages where appropriate)    
     
Net debt (cash surplus) as percentage    
  of owners' equity 48 60 60 65 67 72 74 75 80 106 101 99 79 79  
Current asset ratio (times) 1.1 1.2 1.2 1.3 1.2 1.2 1.2 1.1 1.1 1.2 1.8 1.8 2.0 2.0  
  Avg  
Accounts receivable (days annualized sales) 62 52 40 38 38 39 37 39 38 37 38 39 38 39  
Inventory (days annualized sales) 47 35 30 34 30 34 27 30 28 25 24 26 23 29  
Accounts payable (days annualized costs) 27 22 18 15 16 15 15 16 16 16 16 16 17 17  
     
As % sales:    
 -Materials/packaging & goods 50.7 40.1 40.0 40.0 40.1 39.9 40.1 40.0 40.1 40.1 40.1 40.1 40.1 40.0  
 -Direct labor 7.5 4.7 4.0 4.6 4.0 6.7 5.4 5.9 7.4 6.7 6.4 6.8 6.1 5.8  
 -Gross margin 22.4 36.3 39.4 36.5 36.6 31.9 34.7 32.3 31.9 34.4 33.3 31.6 34.4 34.3  
 -Selling/freight expenses 11.9 10.6 9.4 10.3 9.4 10.1 8.6 9.2 8.7 8.1 7.9 8.2 7.6 8.9  
 -Income from operations (20.6) (1.9) 6.3 (1.2) 3.1 (5.4) 4.0 (0.9) 0.7 6.0 5.8 2.6 8.3 2.7  
 -Net income before taxes (22.7) (3.7) 4.6 (3.3) 1.2 (10.1) 2.2 (3.0) (3.4) 3.8 5.1 0.1 21.8 2.0  
     
Gross margin breakdown ($000):    
 - Group1 7.4 8.6 6.7 8.6 4.5 9.3 6.3 8.2 9.9 9.9 8.7 10.4 98.5  
 - Group2 6.0 8.4 7.1 7.2 7.9 7.4 7.9 6.8 8.0 8.1 7.4 9.2 91.4  
Overall gross profit ($000) 13.4 17.0 13.9 15.7 12.5 16.7 14.2 15.0 17.9 18.0 16.1 19.6 189.9  
     
Gross margin as % sales:    
 - Group1 37.2 38.9 35.5 37.2 26.7 35.7 30.0 32.7 35.3 34.2 32.2 34.7 34.3  
 - Group2 35.3 40.0 37.5 35.9 36.0 33.5 34.5 31.1 33.4 32.3 30.9 34.0 34.4  
     
Average number of employees (headcount) 7.0 7.0 7.0 7.0 8.0 8.0 8.0 9.0 9.0 9.0 9.0 9.0 8.1  
Annualized sales per employee ($000) 63.4 73.7 65.1 73.7 58.5 72.0 66.0 62.7 69.3 72.0 68.0 76.0 68.4