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 41.6 40.3 39.3 40.0 41.0 41.0 42.0 42.0 43.0 43.0 44.0 44.0 24.2 40.2 41.5 43.5  
 -Income from operations 8.2 9.9 11.4 14.1 14.4 13.6 8.4 10.1 12.6 13.5 12.5 13.0 (23.0) 11.1 11.6 12.9  
 -Net income before taxes 8.3 7.3 9.2 11.5 20.0 23.9 17.7 26.0 20.2 20.4 23.3 19.7 (19.8) 9.2 22.1 20.9  
             
Projected sales as % breakeven 125 132 141 155 154 149 125 132 141 146 140 142 51 138 139 142  
Headcount 3 4 4 4 4 4 4 5 5 6 6 7      - 4 5 7  
             
Changes over previous year (%):            
 -Sales      -      -      -      - 32 30 11 17 34 38 47 39      - 92 22 39  
 -Net income before taxes      -      -      -      - 220 326 114 164 35 18 93 5      - na 192 32  
 -Transfers to reserves      -      -      -      - 252 370 129 17 35 (25) 93 (57)      - na 155 13  
 -Owner's equity      -      -      -      - 142 267 243 198 155 57 62 52      - 179 198 52  
 -Dividends per share      -      -      -      -      -      -      -      -      -      -      -      -      - na na 150  
 -Earnings per share      -      -      -      -      -      -      -      -      -      -      -      -      - na 162 20  
             
Net income before taxes/total assets (% pa) 21.0 20.4 22.1 30.4 53.1 57.4 36.2 58.0 44.0 46.6 46.8 40.5 (25.9) 21.3 44.9 39.3  
Return on owners' equity (% pa) 72.9 60.3 70.6 79.2 105.8 77.1 47.2 57.7 56.2 57.7 56.4 35.1 (181.1) 54.1 53.1 45.4  
             
Annual sales/total assets (times) 2.5 2.8 2.4 2.6 2.6 2.4 2.1 2.2 2.2 2.3 2.0 2.1 1.3 2.3 2.0 1.9  
Annual sales/net fixed assets (times) 6.0 6.7 4.4 4.9 5.0 5.9 3.2 3.9 4.6 5.2 5.6 6.3 3.3 4.3 3.5 5.8  
             
Net debt as percentage of #REF!            
  owners' equity 211 167 189 127 53 na 8 na na na na na 289 127 na na  
Interest cover (times) 3.9 3.9 5.2 5.5 10.5 28.3 33.2 139.8 na na na na na 4.6 25.7 na  
             
Current asset ratio (times) 1.0 1.1 0.7 0.9 1.1 2.6 1.7 2.0 2.4 2.9 3.8 3.3 0.6 0.9 2.0 3.3  
             
Accounts receivable (days sales) 38 39 39 39 45 45 45 45 45 45 45 45 77 45 49 49  
Inventory (days sales) 13 12 11 10 12 12 12 12 12 12 12 12 22 12 13 13  
Accounts payable (days costs & expenses) 23 19 20 20 23 23 23 23 23 23 23 23 58 22 26 25  
             
Cumulative issued shares (000s) 103 103 103 103 103 123 123 123 123 123 123 123 100 103 123 123  
Net assets per share ($) 0.27 0.32 0.39 0.49 0.66 0.99 1.12 1.21 1.41 1.56 1.81 1.85 0.18 0.49 1.21 1.85  
Earnings per share ($)      -      -      -      -      -      -      -      -      -      -      -      - (0.33) 0.27 0.70 0.84  
Dividend per share ($)      -      -      -      -      -      -      -      -      -      -      -      - 0.08 0.20  
Dividend cover (times)                -      -      -      -      -      -      -      -      -      -      -      - na na 7.9 4.1