Years ending           2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2004 2005 2006 2007 2008 2009 2010 2011  
Dec           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 Year Year  
PERFORMANCE REVIEW (Annualized where appropriate)          
             
As % total sales:            
 -Gross margin 47.8 49.2 51.2 53.1 52.4 52.4 52.4 52.3 52.2 52.0 51.9 51.8 41.6 31.6 44.3 50.7 52.4 52.0 51.0 51.0  
 -Income from operations 0.3 4.2 8.4 13.2 11.2 11.2 11.3 10.9 10.4 11.0 10.5 10.9 (5.5) (26.8) (7.2) 7.4 11.1 10.7 9.9 11.7  
 -Net income before taxes (0.1) 4.7 8.3 12.8 10.8 10.9 12.9 10.6 10.2 10.6 10.2 10.7 (7.0) (25.8) (6.9) 7.3 11.3 10.5 9.6 11.4  
 -Research & development 5.6 5.5 5.3 5.0 4.9 5.1 5.3 5.4 5.5 5.5 5.6 5.6 8.6 6.3 5.5 5.3 5.2 5.5 na na  
 -Selling/freight expenses 11.6 11.0 10.5 9.9 10.5 10.5 10.4 10.3 10.2 10.0 9.8 9.7 8.6 13.9 13.1 10.6 10.4 9.9 na na  
             
Projected sales as % breakeven 109 119 131 144 139 138 138 139 137 139 139 140 97 61 97 127 138 139 138 146  
Headcount 262 295 330 368 388 399 409 424 438 454 467 481      - 104 219 368 424 481 497 538  
             
Changes over previous year (%):            
 -Sales      -      -      -      - 80 63 48 36 32 33 33 31      - 74 121 118 54 32 20 15  
 -Net income before taxes      -      -      -      - na 276 130 13 26 30 5 32      - na na na 139 22 10 37  
 -Transfers to reserves      -      -      -      - na 336 147 na 26 30 5 na      - na na na 87 9 4 40  
 -Owners' equity      -      -      -      - 114 66 74 42 40 38 34 32      - (4) 130 82 42 32 25 28  
 -Dividends per share      -      -      -      -      -      -      -      -      -      -      -      -      - na na na 233 25 20 33  
 -Earnings per share      -      -      -      -      -      -      -      -      -      -      -      -      - na na na 108 15 10 37  
             
Net income before taxes/total assets (% pa) na 12.1 23.5 38.9 28.9 28.7 36.3 25.6 25.5 30.8 25.0 27.0 na na na 17.6 24.5 24.0 23.3 27.1  
Return on owners' equity (% pa) (5.5) 20.0 40.3 67.7 55.9 52.5 57.2 23.7 50.3 49.2 44.8 16.1 (14.7) (97.9) (25.3) 29.3 45.4 39.4 34.5 36.9  
             
Annual sales/total assets (times) 2.8 2.6 2.8 3.0 2.7 2.6 2.8 2.4 2.5 2.9 2.4 2.5 1.2 1.6 1.9 2.4 2.2 2.3 2.4 2.4  
Annual sales/net fixed assets (times) 6.7 5.5 6.7 8.2 6.5 7.2 8.0 5.9 6.3 7.0 5.2 5.8 2.8 3.2 4.8 6.6 5.3 5.2 5.3 5.2  
             
Net debt as percentage of            
  owners' equity 41 28 28 10 3 na na na na 9 na na 33 60 25 10 na na 13 na  
Interest cover (times) na 12.1 20.1 43.7 84.7 220.6 357.1 na na 64.0 91.9 436.5 na na na 19.9 236.2 154.2 53.3 67.7  
             
Current asset ratio (times) 1.3 1.4 1.6 1.8 1.4 1.6 2.2 1.2 1.4 1.9 1.3 1.2 1.5 1.6 1.8 1.8 1.2 1.2 1.3 1.4  
             
Accounts receivable (days sales) 44 44 44 44 44 44 44 44 44 44 44 44 45 52 61 55 49 48 48 48  
Inventory (days sales) 31 30 29 28 29 29 29 29 29 29 29 29 95 40 43 35 32 32 32 32  
Accounts payable (days costs & expenses) 28 27 27 27 27 27 27 27 27 27 27 27 31 30 37 32 30 30 30 30  
             
Cumulative issued shares (000s) 1,200 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 500 800 1,200 1,350 1,350 1,350 1,350 1,350  
Net assets per share ($) 2.01 2.66 2.96 3.29 3.83 4.41 5.14 4.68 5.35 6.10 6.87 6.19 2.21 1.33 2.04 3.29 4.68 6.19 7.76 9.96  
Earnings per share ($)      -      -      -      -      -      -      -      -      -      -      -      - (0.32) (1.60) (0.62) 1.02 2.13 2.44 2.68 3.68  
Dividend per share ($)      -      -      -      -      -      -      -      -      -      -      -      - 0.22 0.74 0.93 1.11 1.48  
Dividend cover (times)                -      -      -      -      -      -      -      -      -      -      -      - na na na 4.3 2.9 2.6 2.4 2.5