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 66 96 110 135 163 209 243 87 100 105 104 172 150 150  
Current asset ratio (times) 0.9 1.0 1.0 1.0 0.9 0.8 0.9 1.3 1.2 1.1 1.2 1.2 1.3 1.3  
  Avg  
Accounts receivable (days annualized sales) 55 46 37 35 36 38 36 37 37 36 37 37 37 37  
Inventory (days annualized sales) 47 35 28 29 26 31 26 27 27 25 25 25 24 27  
Accounts payable (days annualized costs) 31 27 24 22 22 23 22 23 23 23 23 23 23 23  
     
As % sales:    
 -Materials/packaging & goods 44.7 40.5 33.5 35.2 32.2 36.0 32.7 35.9 34.7 34.6 33.9 34.9 34.3 34.7  
 -Direct labor 11.8 13.3 12.9 13.1 13.9 13.8 14.6 14.1 14.5 14.8 14.9 15.4 15.7 14.4  
 -Gross margin 28.9 36.2 44.6 43.1 43.8 40.8 42.9 40.0 42.0 41.9 41.6 40.2 40.7 41.5  
 -Research & development 10.5 8.9 7.0 7.1 6.4 7.0 5.8 5.8 5.4 4.9 4.9 4.8 4.6 5.8  
 -Selling/freight expenses 10.5 12.5 10.0 10.1 9.3 10.4 8.7 9.1 8.5 7.9 7.9 7.9 7.5 8.9  
 -Income from operations (28.4) (34.2) (10.8) (13.1) (6.8) (15.7) (3.8) (7.7) (2.1) 1.4 0.8 (0.4) 1.9 -5.9  
 -Net income before taxes (30.3) (35.8) (12.3) (8.1) (9.3) (19.7) (5.8) (10.0) (4.4) 0.2 0.2 (2.3) 9.9 -6.3  
     
Gross margin breakdown ($000):    
 - Group1 41.6 51.4 40.7 50.3 31.1 55.6 40.3 49.7 59.1 60.8 52.6 60.1 593.3  
 - Group2 (0.5) 13.9 23.7 27.2 22.2 29.5 35.0 39.9 44.4 42.2 48.2 44.1 369.8  
 - Group3 2.0 7.5 13.1 15.4 13.3 16.7 12.4 23.1 17.5 17.0 20.3 18.8 177.3  
 - Group4 41.9 61.1 49.7 51.6 55.8 54.7 56.1 50.9 57.1 59.1 53.7 62.1 653.7  
Overall gross profit ($000) 85.0 133.9 127.3 144.5 122.4 156.5 143.8 163.7 178.1 179.0 174.8 185.1 1794.1  
     
Gross margin as % sales:    
 - Group1 41.6 46.7 42.8 43.8 36.6 42.8 38.4 39.8 42.2 41.9 38.9 40.0 41.3  
 - Group2 (1.5) 24.3 33.7 35.3 31.6 35.2 37.3 38.4 40.1 39.3 40.0 38.7 35.5  
 - Group3 12.2 26.9 37.8 40.5 38.3 40.4 26.9 45.0 32.2 32.3 34.2 33.6 34.5  
 - Group4 49.3 58.2 52.3 51.6 50.7 49.7 48.8 46.3 47.6 47.3 44.7 46.0 49.2  
     
Average number of employees (headcount) 78.0 80.5 83.0 85.5 88.0 95.5 93.0 100.5 103.0 105.5 108.0 110.5 94.3  
Annualized sales per employee ($000) 36.2 44.7 42.7 46.3 40.9 45.9 46.5 46.6 49.5 48.9 48.3 49.4 45.5