| 12 Months |
|
1.0 |
|
|
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| to end Jan |
|
1.0 |
|
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Jan |
|
|
|
| BALANCE SHEETS |
|
1.0 |
|
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
|
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
| ASSETS |
|
1.0 |
|
|
|
|
|
|
|
| Current assets: |
|
1.0
|
|
|
|
|
|
|
|
| Cash at bank |
|
|
2.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
|
35.0 |
34.6 |
29.9 |
28.1 |
30.2 |
31.1 |
32.2 |
33.2 |
34.2 |
35.3 |
36.4 |
37.5 |
38.6 |
|
|
|
| Inventory |
|
|
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
|
|
|
| Prepaid expenses |
|
|
15.0 |
13.0 |
13.0 |
13.0 |
13.0 |
13.0 |
13.0 |
13.0 |
13.0 |
13.0 |
13.0 |
13.0 |
13.0 |
|
|
|
| Sales Tax recoverable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total current assets |
|
1.0 |
|
62.0 |
57.6
|
52.9
|
51.1 |
53.2
|
54.1
|
55.2
|
56.2
|
57.2
|
58.3
|
59.4
|
60.5
|
61.6
|
|
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
| Fixed assets: |
|
1.0
|
|
|
|
|
|
|
|
| Fixed assets (gross) |
|
75.0 |
75.0 |
75.0 |
69.0 |
69.0 |
69.0 |
69.0 |
69.0 |
69.0 |
99.0 |
99.0 |
99.0 |
99.0 |
|
|
|
| Less: Accumulated depreciation |
|
25.0 |
25.2 |
25.4 |
23.6 |
23.7 |
23.9 |
24.1 |
24.3 |
24.4 |
24.6 |
24.8 |
25.1 |
25.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net fixed assets |
|
1.0 |
|
50.0 |
49.8 |
49.6 |
45.4 |
45.3
|
45.1
|
44.9 |
44.7
|
44.6
|
74.4
|
74.2
|
73.9
|
73.7 |
|
|
|
| |
|
1.0
|
|
|
|
|
|
|
|
| Net intangible assets |
|
|
14.0 |
13.0 |
12.0 |
11.0 |
10.0 |
9.0 |
8.0 |
7.0 |
6.0 |
5.0 |
4.0 |
3.0 |
2.0 |
|
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
| Total assets |
|
1.0 |
|
126.0 |
120.4
|
114.5 |
107.5
|
108.4
|
108.2
|
108.1
|
107.9
|
107.8
|
137.7
|
137.5
|
137.4
|
137.3
|
|
|
|
| |
|
1 |
|
|
|
|
|
|
|
| LIABILITIES |
|
1 |
|
|
|
|
|
|
|
| Current liabilities: |
|
1 |
|
|
|
|
|
|
|
| Accounts payable |
|
|
30.0 |
22.2
|
18.2
|
14.9
|
12.7
|
13.1
|
13.5
|
14.0
|
14.4
|
14.9
|
15.3
|
15.8
|
16.3
|
|
|
|
| Capital expenditure creditors |
|
|
9.0 |
9.0 |
9.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accrued expenses |
|
|
6.0 |
6.0 |
2.0 |
2.0 |
2.0 |
2.0 |
2.0 |
2.0 |
2.0 |
2.0 |
2.0 |
2.0 |
2.0 |
|
|
|
| Payroll taxes/benefits |
|
|
5.0 |
1.4 |
1.4 |
1.4 |
1.6 |
1.6 |
1.6 |
1.8 |
1.8 |
1.8 |
1.8 |
1.8 |
1.8 |
|
|
|
| Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Taxes |
|
|
|
0.2 |
0.3 |
0.5 |
0.7 |
0.9 |
1.0 |
1.2 |
1.4 |
1.5 |
1.7 |
1.9 |
2.0 |
|
|
|
| Sales Tax payable |
|
|
4.0 |
1.1 |
1.1
|
1.2 |
1.2 |
1.3 |
1.3 |
1.3 |
1.4 |
1.4 |
1.5 |
1.5 |
1.6 |
|
|
|
| Short-term loans/line of credit |
|
|
24.0 |
36.8 |
32.7 |
24.4 |
30.8 |
28.3 |
25.5 |
27.5 |
24.3 |
50.9 |
52.2 |
48.0 |
43.5 |
|
|
|
| Current portion of longterm liabilities: |
1 |
|
|
|
|
|
|
|
| Longterm debt/notes |
|
|
20.0 |
6.3 |
6.3 |
8.8 |
7.5 |
7.5 |
7.5 |
6.3 |
6.3 |
6.3 |
5.0 |
5.0 |
5.0 |
|
|
|
| Total current liabilities |
|
1.0 |
|
98.0 |
83.0
|
71.0
|
53.1
|
56.5
|
54.7
|
52.5
|
54.0
|
51.5
|
78.7
|
79.4
|
76.0
|
72.1
|
|
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
| Longterm liabilities: |
|
1.0
|
|
|
|
|
|
|
|
| Longterm debt/notes |
|
|
10.0 |
18.8
|
18.8
|
26.3
|
22.5
|
22.5
|
22.5
|
18.8
|
18.8
|
18.8
|
15.0
|
15.0
|
15.0
|
|
|
|
| Total longterm liabilities |
|
1.0 |
|
10.0 |
18.8 |
18.8 |
26.3 |
22.5 |
22.5 |
22.5 |
18.8 |
18.8 |
18.8 |
15.0 |
15.0 |
15.0 |
|
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
| Equity: |
|
1.0
|
|
|
|
|
|
|
|
| Equity investments |
|
|
60.0 |
60.0
|
65.0
|
65.0
|
65.0
|
65.0
|
65.0
|
65.0
|
65.0
|
65.0
|
65.0
|
65.0
|
65.0
|
|
|
|
| Retained earnings |
|
|
(42.0) |
(41.3) |
(40.2) |
(36.9) |
(35.6) |
(33.9) |
(31.9) |
(29.9) |
(27.5) |
(24.8) |
(21.9) |
(18.6) |
(14.9) |
|
|
|
| Total
owners' equity |
|
1.0 |
|
18.0 |
18.7
|
24.8
|
28.1
|
29.4
|
31.1
|
33.1
|
35.1
|
37.5
|
40.2
|
43.1
|
46.4
|
50.1
|
|
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
| Total liabilities &
equity |
|
1.0 |
|
126.0 |
120.4
|
114.5 |
107.5 |
108.4
|
108.2
|
108.1
|
107.9
|
107.8
|
137.7
|
137.5
|
137.4
|
137.3
|
|
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CHECK
balance sheets balance >>>>>>>> |
0.000
|
0.000 |
0.000 |
0.000
|
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000
|
0.000 |
0.000 |
0.000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|