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 289 330 233 211 206 188 167 149 131 189 167 147 127 127  
Current asset ratio (times) 0.6 0.7 0.7 1.0 0.9 1.0 1.1 1.0 1.1 0.7 0.7 0.8 0.9 0.9  
  Avg  
Accounts receivable (days annualized sales) 77 48 40 36 38 38 38 38 38 38 38 38 38 39  
Inventory (days annualized sales) 22 14 13 13 13 12 12 11 11 11 10 10 10 12  
Accounts payable (days annualized costs) 54 33 26 21 17 18 18 18 18 18 18 19 19 20  
     
As % sales:    
 -Materials/packaging & goods 51.5 41.0 41.0 41.0 41.0 41.0 41.0 41.0 41.0 41.0 41.0 41.0 41.0 41.0  
 -Direct labor 6.1 3.9 3.8 3.7 5.3 5.2 5.0 6.5 6.3 6.1 5.9 5.7 5.6 5.3  
 -Gross margin 24.2 41.4 41.6 41.7 40.1 40.3 40.5 39.0 39.3 39.5 39.7 40.0 40.2 40.2  
 -Income from operations (23.0) 7.0 8.2 9.4 8.7 9.9 10.9 10.4 11.4 12.4 13.1 14.1 15.0 11.1  
 -Net income before taxes (19.8) 4.1 5.3 15.0 6.1 7.3 8.5 8.2 9.4 10.0 10.4 11.5 12.7 9.2  
     
Average number of employees (headcount) 3.0 3.0 3.0 3.5 3.5 3.5 4.0 4.0 4.0 4.0 4.0 4.0 3.6  
Annualized sales per employee ($000) 88.0 91.0 94.1 83.3 86.0 88.7 80.1 82.6 85.2 87.8 90.4 93.2 87.5