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 59 86 97 110 135 171 201 78 90 96 97 171 152 152  
Current asset ratio (times) 1.0 1.0 1.0 1.1 0.9 0.9 0.9 1.3 1.2 1.1 1.1 1.1 1.2 1.2  
  Avg  
Accounts receivable (days annualized sales) 45 44 36 35 36 38 36 37 37 36 37 37 37 37  
Inventory (days annualized sales) 46 34 28 30 26 31 27 28 27 25 25 26 25 28  
Accounts payable (days annualized costs) 31 26 25 24 23 25 24 24 25 24 24 24 24 24  
     
As % sales:    
 -Materials/packaging & goods 36.7 42.1 32.8 34.4 31.7 35.1 32.2 35.1 34.1 34.0 33.4 34.3 33.8 34.2  
 -Direct labor 9.7 14.5 13.0 13.2 13.9 13.8 14.6 14.2 14.5 14.8 14.9 15.4 15.7 14.5  
 -Gross margin 41.6 33.6 45.9 44.6 45.1 42.4 44.1 41.4 43.2 43.0 42.8 41.4 41.8 42.6  
 -Research & development 8.6 7.9 6.4 6.5 5.8 6.4 5.3 5.4 5.0 4.6 4.6 4.5 4.3 5.4  
 -Selling/freight expenses 8.6 17.5 14.2 14.4 13.2 14.6 12.4 12.8 12.0 11.1 11.1 11.0 10.5 12.6  
 -Income from operations (5.5) (36.5) (10.7) (12.7) (6.9) (15.5) (4.5) (8.1) (2.9) 0.4 (0.1) (1.5) 0.7 -6.7  
 -Net income before taxes (7.0) (38.0) (12.1) (2.0) (9.9) (19.0) (6.2) (10.8) (5.0) (0.6) (1.2) (3.3) 8.2 -6.8  
     
Gross margin breakdown ($000):    
 - Group1 41.7 52.3 41.5 51.2 32.0 56.6 41.1 50.7 59.9 61.5 53.4 60.9 602.9  
 - Group2 (0.5) 14.9 24.6 28.0 23.1 30.3 35.7 40.7 45.0 42.8 48.8 44.7 378.0  
 - Group3 2.0 8.0 13.5 15.7 13.6 17.0 12.9 23.4 18.0 17.5 20.8 19.3 181.8  
 - Group4 3.2 3.6 3.6 3.5 3.5 3.5 3.5 3.6 3.6 3.5 3.6 38.8  
 - Group5 3.8 11.4 11.4 11.5 11.3 11.4 11.4 11.3 11.5 11.5 11.4 11.5 129.4  
 - Group6 42.1 61.7 50.4 52.3 56.6 55.4 56.8 51.8 57.8 59.8 54.4 62.9 662.0  
Overall gross profit ($000) 89.1 151.5 145.0 162.3 140.1 174.3 161.5 181.4 195.8 196.7 192.4 202.7 1992.8  
     
Gross margin as % sales:    
 - Group1 41.7 47.5 43.7 44.5 37.7 43.5 39.2 40.6 42.8 42.4 39.6 40.6 42.0  
 - Group2 (1.6) 26.1 34.9 36.3 32.7 36.1 38.0 39.2 40.7 39.9 40.5 39.3 36.3  
 - Group3 12.2 28.6 38.9 41.4 39.3 41.3 28.0 45.7 33.1 33.1 35.0 34.3 35.4  
 - Group4 31.5 36.0 36.4 34.9 35.5 35.3 34.7 36.2 36.4 35.3 35.6 32.3  
 - Group5 19.0 57.2 57.0 57.3 56.6 56.9 56.9 56.6 57.4 57.6 57.0 57.3 53.9  
 - Group6 49.5 58.7 53.1 52.3 51.4 50.4 49.4 47.1 48.2 47.8 45.3 46.6 49.8  
     
Average number of employees (headcount) 82.0 84.5 87.0 89.5 92.1 99.6 97.1 104.6 107.1 109.6 112.2 114.7 98.3  
Annualized sales per employee ($000) 38.8 46.9 44.8 48.3 43.0 47.6 48.2 48.2 51.0 50.3 49.8 50.8 47.3