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 08-09 09-10  
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 Year Year  
PERFORMANCE REVIEW (Annualized where appropriate)          
             
As % total sales:            
 -Gross margin 41.7 42.5 41.3 40.8 42.4 42.5 42.5 42.6 42.8 43.1 43.2 43.5 28.9 41.5 42.5 43.2 43.0 45.0  
 -Income from operations (18.2) (8.4) (2.5) 0.8 2.2 (2.8) (1.2) 2.2 2.9 2.4 4.3 4.6 (28.4) (5.9) 0.2 3.6 5.1 7.3  
 -Net income before taxes (17.5) (11.1) (4.4) 2.7 1.9 2.2 (1.2) 6.9 3.1 2.6 9.4 4.6 (30.3) (6.3) 2.5 5.0 7.5 9.0  
 -Research & development 7.6 6.3 5.4 4.8 4.5 5.0 4.7 4.2 4.7 4.6 4.6 4.5 10.5 5.8 4.6 4.6 na na  
 -Selling/freight expenses 10.8 9.5 8.5 7.7 7.5 8.5 8.2 7.7 7.5 7.6 7.3 7.2 10.5 8.9 8.0 7.4 na na  
             
Projected sales as % breakeven 70 84 94 102 106 94 97 105 107 106 111 112 50 88 101 109 113 120  
Headcount 83 96 103 111 118 105 110 118 122 121 127 128      - 111 118 128 132 133  
             
Changes over previous year (%):            
 -Sales      -      -      -      - 60 21 10 8 13 25 26 18      - 127 21 20 15 10  
 -Net income before taxes      -      -      -      - na na na 172 86 49 na (23)      - na na 135 74 31  
 -Transfers to reserves      -      -      -      - na na na 147 86 na na na      - na na 32 115 47  
 -Owner's equity      -      -      -      - 46 170 48 54 55 13 33 18      - 10 54 18 32 36  
 -Dividends per share      -      -      -      -      -      -      -      -      -      -      -      -      - na na na 20 (7)  
 -Earnings per share      -      -      -      -      -      -      -      -      -      -      -      -      - na na 124 74 31  
             
Net income before taxes/total assets (% pa) (42.0) (27.8) (10.6) 7.1 4.7 4.4 (2.7) 16.1 7.5 5.5 22.2 9.9 (43.1) (13.4) 5.5 10.2 15.1 16.8  
Return on owners' equity (% pa) (136.3) (141.2) (37.2) 24.1 15.9 12.2 (7.6) 38.6 19.0 16.2 55.0 18.8 (105.5) (45.5) 13.4 26.6 34.9 33.6  
             
Annual sales/total assets (times) 2.4 2.5 2.4 2.6 2.5 2.0 2.2 2.3 2.4 2.1 2.4 2.2 1.4 2.1 2.1 2.1 2.0 1.9  
Annual sales/net fixed assets (times) 5.3 5.3 4.6 5.1 5.3 4.8 4.2 4.8 5.2 4.6 5.0 4.3 2.9 4.2 4.5 4.1 4.1 4.2  
             
Net debt as percentage of            
  owners' equity 135 243 105 150 139 63 98 81 73 73 73 67 66 150 81 67 46 18  
Interest cover (times) na na na 2.7 2.1 2.3 na 6.6 3.8 3.1 8.0 4.8 na na 2.6 5.1 7.8 11.1  
             
Current asset ratio (times) 1.0 0.9 1.1 1.3 1.1 1.5 1.2 1.3 1.4 1.2 1.4 1.1 0.9 1.3 1.3 1.1 1.2 1.5  
             
Accounts receivable (days sales) 38 40 40 38 42 42 42 42 42 42 42 42 55 47 46 45 45 45  
Inventory (days sales) 31 29 27 25 28 28 28 28 28 28 28 28 47 31 30 30 30 30  
Accounts payable (days costs & expenses) 24 25 25 24 28 28 28 28 28 28 28 28 33 28 30 29 32 32  
             
Cumulative issued shares (000s) 515 515 615 615 615 665 665 665 665 665 665 665 500 615 665 665 665 665  
Net assets per share ($) 0.83 0.61 0.91 0.97 1.01 1.28 1.25 1.39 1.46 1.44 1.67 1.63 1.09 0.97 1.39 1.63 2.16 2.94  
Earnings per share ($)      -      -      -      -      -      -      -      -      -      -      -      - (1.15) (0.49) 0.19 0.43 0.75 0.99  
Dividend per share ($)      -      -      -      -      -      -      -      -      -      -      -      - 0.19 0.23 0.21  
Dividend cover (times)                -      -      -      -      -      -      -      -      -      -      -      - na na na 2.3 3.3 4.7