Years ending           05-06 05-06 05-06 05-06 06-07 06-07 06-07 06-07 07-08 07-08 07-08 07-08 04-05 05-06 06-07 07-08  
Jan           1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr Year Year Year Year  
PERFORMANCE REVIEW (Annualized where appropriate)          
             
As % total sales:            
 -Gross margin 37.5 34.5 33.0 33.2 33.5 33.5 34.5 34.5 35.5 35.5 36.5 36.5 22.4 34.3 34.1 36.0  
 -Income from operations 1.3 0.9 2.2 5.7 4.5 4.2 5.1 5.6 6.9 6.8 8.2 8.4 (20.6) 2.7 4.9 7.6  
 -Net income before taxes (0.5) (1.8) (0.7) 9.4 5.7 13.7 6.8 13.5 8.6 8.1 20.5 9.9 (22.7) 2.0 10.2 12.0  
 -Selling/freight expenses 10.1 9.3 8.6 7.9 7.7 7.6 7.3 7.1 6.9 6.8 6.6 6.5 11.9 8.9 7.4 6.7  
             
Projected sales as % breakeven 104 103 107 121 115 114 117 119 124 124 129 130 52 109 117 127  
Headcount 7 8 9 9 9 10 11 12 13 14 15 17      - 9 12 17  
             
Changes over previous year (%):            
 -Sales      -      -      -      - 31 32 34 30 49 47 42 38      - 65 32 43  
 -Net income before taxes      -      -      -      - na na na 88 126 (13) 326 1      - na 554 69  
 -Transfers to reserves      -      -      -      - na na na (11) 126 (56) 326 (71)      - na 459 53  
 -Owner's equity      -      -      -      - 17 68 81 70 74 30 49 42      - 14 70 42  
 -Dividends per share      -      -      -      -      -      -      -      -      -      -      -      -      - na na 150  
 -Earnings per share      -      -      -      -      -      -      -      -      -      -      -      -      - na 488 54  
             
Net income before taxes/total assets (% pa) (1.0) (3.6) (1.3) 18.8 10.5 23.5 12.8 26.8 17.8 17.3 44.2 22.4 (29.7) 3.5 17.3 24.2  
Return on owners' equity (% pa) (2.8) (9.1) (4.1) 47.5 26.1 49.7 25.9 43.5 33.9 33.3 73.9 24.7 (68.5) 8.3 31.9 37.7  
             
Annual sales/total assets (times) 1.9 2.0 1.9 2.0 1.8 1.7 1.9 2.0 2.1 2.1 2.1 2.3 1.3 1.7 1.7 2.0  
Annual sales/net fixed assets (times) 3.6 3.6 3.4 3.9 3.9 4.1 3.6 4.1 4.7 4.2 4.8 5.3 2.7 3.4 3.6 4.7  
             
Net debt as percentage of #REF!            
  owners' equity 65 74 106 79 60 18 41 35 31 49 23 21 48 79 35 21  
Interest cover (times) na na na 4.8 3.5 8.4 4.6 10.0 7.6 6.5 16.9 12.0 na 2.0 6.4 10.7  
             
Current asset ratio (times) 1.3 1.2 1.2 2.0 1.5 1.9 1.6 1.7 1.8 1.5 2.0 2.0 1.1 2.0 1.7 2.0  
             
Accounts receivable (days sales) 37 41 41 40 45 45 45 45 45 45 45 45 62 47 52 50  
Inventory (days sales) 33 30 27 24 28 29 31 33 36 36 36 36 47 28 38 40  
Accounts payable (days costs & expenses) 16 17 18 18 20 20 20 20 20 20 20 20 28 20 23 22  
             
Cumulative issued shares (000s) 103 103 103 103 103 123 123 123 123 123 123 123 100 103 123 123  
Net assets per share ($) 1.12 1.09 1.08 1.23 1.31 1.53 1.64 1.75 1.91 2.00 2.45 2.48 1.11 1.23 1.75 2.48  
Earnings per share ($)      -      -      -      -      -      -      -      -      -      -      -      - (0.76) 0.10 0.61 0.93  
Dividend per share ($)      -      -      -      -      -      -      -      -      -      -      -      - 0.08 0.20  
Dividend cover (times)                -      -      -      -      -      -      -      -      -      -      -      - na na 6.9 4.6