| 12 Months |
|
1.0 |
|
|
04-05 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
2006 |
05-06 |
As % |
% Chge |
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| to end Jan |
|
1.0 |
|
|
Year |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Jan |
Year |
Sales |
in Year |
|
|
| INCOME STATEMENTS |
|
1.0 |
|
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
|
|
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
| Sales: |
|
1.0 |
|
|
|
|
|
|
|
|
| - Group1 |
|
|
800.0 |
100.0 |
110.0 |
95.0 |
115.0 |
85.0 |
130.0 |
105.0 |
125.0 |
140.0 |
145.0 |
135.0 |
150.0 |
1,435.0 |
31 |
79
|
|
|
| - Group2 |
|
|
420.0 |
33.5 |
57.0 |
70.4 |
77.1 |
70.4 |
83.8 |
93.8 |
103.9 |
110.6 |
107.2 |
120.6 |
113.9 |
1,042.2 |
22 |
148 |
|
|
| - Group3 |
|
|
205.0 |
16.5 |
28.1 |
34.7 |
38.0 |
34.7 |
41.3 |
46.2 |
51.2 |
54.5 |
52.8 |
59.4 |
56.1 |
513.5 |
11 |
150 |
|
|
| - Group4 |
|
|
206.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
120.0 |
3 |
(42) |
|
|
| - Group5 |
|
|
207.0 |
20.0 |
20.0 |
20.0 |
20.0 |
20.0 |
20.0 |
20.0 |
20.0 |
20.0 |
20.0 |
20.0 |
20.0 |
240.0 |
5 |
16 |
|
|
| - Group6 |
|
|
475.0 |
85.0 |
105.0 |
95.0 |
100.0 |
110.0 |
110.0 |
115.0 |
110.0 |
120.0 |
125.0 |
120.0 |
135.0 |
1,330.0 |
28 |
180
|
|
|
| Total sales |
|
1.0 |
|
2,313.0 |
265.0 |
330.1 |
325.1 |
360.1 |
330.1 |
395.1 |
390.0 |
420.1 |
455.1 |
460.0 |
465.0 |
485.0 |
4,680.7 |
100
|
102 |
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
|
| Cost of sales: |
|
1.0 |
|
|
|
|
|
|
|
|
| -Materials/packaging/goods |
|
|
850.0 |
111.6 |
108.4 |
111.7 |
114.2 |
115.8 |
127.0 |
137.0 |
143.1 |
154.7 |
153.5 |
159.7 |
164.0 |
1,600.8
|
34 |
88 |
|
|
| -Direct labor |
|
|
225.0 |
38.4 |
43.0 |
42.8 |
50.2 |
45.6 |
57.7 |
55.3 |
60.9 |
67.5 |
68.7 |
71.7 |
76.1 |
677.9
|
14 |
201 |
|
|
| -Other direct |
|
|
275.0 |
25.9 |
27.2 |
25.5 |
33.3 |
28.6 |
36.1 |
36.2 |
34.8 |
37.1 |
41.1 |
41.2 |
42.2 |
409.2
|
9 |
49 |
|
|
| Cost of sales |
|
1,350.0 |
175.9
|
178.6
|
180.1
|
197.8
|
190.0
|
220.8
|
228.5
|
238.7
|
259.3
|
263.3
|
272.6
|
282.3
|
2,687.9
|
57 |
99 |
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
|
| Gross margin |
|
1.0 |
|
963.0 |
89.1
|
151.5
|
145.0
|
162.3
|
140.1
|
174.3
|
161.5
|
181.4
|
195.8
|
196.7
|
192.4
|
202.7
|
1,992.8
|
43 |
107 |
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
|
| Overhead expenses: |
|
1.0 |
|
|
|
|
|
|
|
|
| -Operational (indirect) |
|
|
150.0 |
32.0 |
32.0 |
32.0 |
32.0 |
32.0 |
32.0 |
32.0 |
32.0 |
32.0 |
32.0 |
32.0 |
32.0 |
384.0 |
8 |
156
|
|
|
| -Selling & freight |
|
|
200.0 |
46.3 |
47.0
|
46.7
|
47.7
|
48.3
|
48.8 |
49.8 |
50.3
|
50.4 |
50.9 |
51.1 |
51.1 |
588.1
|
13 |
194 |
|
|
| -Management/admin staff |
|
|
215.0 |
50.0 |
50.0 |
50.0 |
50.0 |
50.0 |
50.0 |
50.0 |
50.0 |
50.0 |
50.0 |
50.0 |
50.0 |
600.0 |
13 |
179 |
|
|
| -Research & development |
|
|
200.0 |
21.0 |
21.0 |
21.0 |
21.0 |
21.0 |
21.0 |
21.0 |
21.0 |
21.0 |
21.0 |
21.0 |
21.0 |
252.0 |
5 |
26
|
|
|
| -Administration |
|
|
75.0 |
9.0 |
9.0 |
9.0 |
9.0 |
9.0 |
9.0 |
9.0 |
9.0 |
9.0 |
9.0 |
9.0 |
9.0 |
108.0 |
2 |
44
|
|
|
| -Occupancy/general |
|
|
150.0 |
14.5 |
14.5 |
14.5 |
14.5 |
14.5 |
14.5 |
14.5 |
14.5 |
14.5 |
14.5 |
14.5 |
14.5 |
174.0 |
4 |
16
|
|
|
| Bad debts |
|
|
5.0 |
1.3 |
1.7 |
1.6 |
1.8 |
1.7 |
2.0 |
2.0 |
2.1 |
2.3 |
2.3 |
2.3 |
2.4 |
23.4
|
1
|
368 |
|
|
| Depreciation |
|
|
50.0 |
6.3 |
6.2 |
6.2 |
5.7 |
9.4 |
9.3 |
9.3 |
9.2 |
9.1 |
11.9
|
13.9
|
13.8
|
110.3
|
2 |
121 |
|
|
| Operating lease payments |
|
|
45.0 |
5.5 |
5.5 |
5.5 |
5.5 |
5.5 |
5.5 |
5.5 |
5.5 |
5.5 |
5.5 |
5.5 |
5.5 |
66.0 |
1 |
47 |
|
|
| Total operating expenses |
|
1,090.0 |
185.9
|
186.8
|
186.5
|
187.2
|
191.3
|
192.1
|
193.0
|
193.5
|
193.8
|
197.1
|
199.3
|
199.3
|
2,305.8
|
49 |
112 |
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
|
| Income from operations |
|
1.0 |
|
(127.0) |
(96.8) |
(35.3) |
(41.4) |
(24.9) |
(51.2) |
(17.8) |
(31.5) |
(12.2) |
2.0 |
(0.4) |
(6.9) |
3.4 |
(313.0) |
(7) |
|
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
|
| Other income/expenses: |
|
1.0 |
|
|
|
|
|
|
|
|
| -Profit(loss) disposal of fixed assets |
|
|
|
|
40.0
|
|
|
|
|
|
|
|
|
40.0
|
80.0 |
2 |
|
|
|
| -Intangible asset amortization |
|
|
|
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
60.0 |
1 |
|
|
|
| -Miscellaneous income |
|
|
75.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
10.0 |
120.0 |
3 |
60
|
|
|
| Total other income
(expenses) |
|
75.0 |
5.0 |
5.0 |
45.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
45.0 |
140.0 |
3 |
87 |
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
|
| Earnings
before interest & taxes |
1.0 |
|
(52.0) |
(91.8) |
(30.3) |
3.6 |
(19.9) |
(46.2) |
(12.8) |
(26.5) |
(7.2) |
7.0 |
4.6 |
(1.9) |
48.4
|
(173.0) |
(4) |
|
|
|
| |
|
1.0 |
|
|
|
|
|
|
|
| Interest expense/income: |
|
1.0 |
|
|
|
|
|
|
|
|
| -Interest expense |
|
|
57.0 |
3.9
|
4.5
|
5.0
|
5.7
|
6.5
|
6.9
|
6.1
|
3.7
|
5.3
|
5.6
|
9.0
|
9.0
|
71.3
|
2 |
25 |
|
|
| -Lease interest expense |
|
|
55.0 |
5.0 |
5.0 |
5.0 |
10.0 |
10.0 |
5.0 |
10.0 |
10.0 |
5.0 |
5.0 |
5.0 |
|
75.0 |
2 |
36 |
|
|
| -Interest income |
|
|
2.0 |
0.0 |
|
|
|
|
0.1 |
0.4 |
|
0.4 |
0.4 |
0.7 |
0.1 |
2.1
|
0 |
7 |
|
|
| Net interest expense
(income) |
|
110.0 |
8.9
|
9.5
|
10.0
|
15.7
|
16.5
|
11.8
|
15.7
|
13.7
|
9.9
|
10.2
|
13.3
|
8.9
|
144.1
|
3 |
31 |
|
|
| |
|
1 |
|
|
|
|
|
|
|
|
| Net income before taxes |
|
1.0 |
|
(162.0) |
(100.7) |
(39.8) |
(6.5) |
(35.6) |
(62.7) |
(24.6) |
(42.2) |
(20.9) |
(2.9) |
(5.6) |
(15.2) |
39.6
|
(317.1) |
(7) |
|
|
|
| Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income |
|
1.0 |
|
(162.0) |
(100.7) |
(39.8) |
(6.5) |
(35.6) |
(62.7) |
(24.6) |
(42.2) |
(20.9) |
(2.9) |
(5.6) |
(15.2) |
39.6 |
(317.1) |
(7) |
|
|
|
| Dividends
declared |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Transferred
to reserves |
|
1.0 |
|
|
(162.0) |
(100.7) |
(39.8) |
(6.5) |
(35.6) |
(62.7) |
(24.6) |
(42.2) |
(20.9) |
(2.9) |
(5.6) |
(15.2) |
39.6
|
(317.1) |
(7) |
|
|
|
|
|
|
|
|
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|
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