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 41.9 43.9 42.6 42.0 42.3 42.5 42.6 42.8 43.1 43.4 43.6 43.9 41.6 42.6 42.6 43.5 43.0 45.0  
 -Income from operations (18.9) (8.7) (3.3) (0.3) 10.6 6.3 9.0 11.6 12.1 11.0 13.1 13.0 (5.5) (6.7) 9.5 12.3 13.2 15.4  
 -Net income before taxes (16.0) (11.3) (5.2) 1.3 10.2 10.1 9.1 15.4 12.5 11.4 17.6 13.5 (7.0) (6.8) 11.3 13.8 15.7 17.5  
 -Research & development 6.8 5.8 5.0 4.5 3.6 3.9 3.6 3.2 3.6 3.7 3.6 3.5 8.6 5.4 3.6 3.6 na na  
 -Selling/freight expenses 15.2 13.3 11.9 10.8 5.9 6.8 6.3 5.9 5.8 6.0 5.7 5.7 8.6 12.6 6.2 5.8 na na  
             
Projected sales as % breakeven 69 84 93 99 133 118 127 137 139 134 143 142 88 86 129 140 144 152  
Headcount 87 100 107 115 150 132 143 154 158 152 163 163      - 115 154 163 168 170  
             
Changes over previous year (%):            
 -Sales      -      -      -      - 84 40 33 31 15 25 23 14      - 102 44 19 15 10  
 -Net income before taxes      -      -      -      - na na na 1,421 41 41 138 0      - na na 46 31 23  
 -Transfers to reserves      -      -      -      - na na na 1,135 41 9 138 (47)      - na na 26 32 27  
 -Owner's equity      -      -      -      - 61 210 116 146 124 69 77 59      - 1 146 59 49 42  
 -Dividends per share      -      -      -      -      -      -      -      -      -      -      -      -      - na na na 20 (7)  
 -Earnings per share      -      -      -      -      -      -      -      -      -      -      -      -      - na na 39 31 23  
             
Net income before taxes/total assets (% pa) (39.9) (28.1) (12.4) 3.4 27.9 22.0 20.8 35.1 28.2 22.1 35.8 24.7 (11.5) (14.3) 23.6 24.0 24.8 23.7  
Return on owners' equity (% pa) (119.2) (132.9) (43.8) 12.0 86.6 53.6 47.2 60.3 54.8 44.8 63.4 32.3 (26.3) (51.0) 46.3 42.1 36.9 32.1  
             
Annual sales/total assets (times) 2.5 2.5 2.4 2.5 2.7 2.2 2.3 2.3 2.3 1.9 2.0 1.8 1.6 2.1 2.1 1.7 1.6 1.4  
Annual sales/net fixed assets (times) 5.7 5.3 4.6 4.9 6.1 5.5 5.1 5.8 6.3 5.4 6.1 5.2 3.4 4.1 5.3 5.0 5.1 5.2  
             
Net debt as percentage of            
  owners' equity 110 201 96 152 118 39 46 24 8 na na na 59 152 24 na na na  
Interest cover (times) na na na 1.8 7.9 7.8 9.7 20.3 21.3 19.6 31.2 30.1 na na 10.6 25.4 64.2 na  
             
Current asset ratio (times) 1.1 0.9 1.1 1.2 1.2 1.7 1.6 1.8 2.0 1.9 2.3 1.9 1.0 1.2 1.8 1.9 2.5 3.3  
             
Accounts receivable (days sales) 39 40 40 39 42 42 42 42 42 42 42 42 45 47 46 44 45 45  
Inventory (days sales) 31 29 27 26 28 28 28 28 28 28 28 28 46 31 31 29 30 30  
Accounts payable (days costs & expenses) 25 26 26 26 28 28 28 28 28 28 28 28 33 29 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 ($) 0.96 0.72 0.98 1.01 1.29 1.73 1.96 2.31 2.67 2.92 3.47 3.66 1.23 1.01 2.31 3.66 5.44 7.70  
Earnings per share ($)      -      -      -      -      -      -      -      -      -      -      -      - (0.32) (0.57) 1.11 1.54 2.01 2.47  
Dividend per share ($)      -      -      -      -      -      -      -      -      -      -      -      - 0.19 0.23 0.21  
Dividend cover (times)                -      -      -      -      -      -      -      -      -      -      -      - na na na 8.2 8.9 11.7