Balance Sheets as at 31 December 2008 (Unaudited)

(NZD in thousands)	Note	as at 31 Dec 2008	as at 30 June 2008	as at 31 Dec 2007
Equity attributable to members of the parent company		375,546	356,584	319,788
Minority interests		11,328	8,477	7,731
Total Equity		386,874	365,061	327,519
Property, plant and equipment		337,394	311,682	288,419
Intangible assets		165,836	150,174	142,044
Investments in associates		3,203	3,819	2,058
Receivables		1,170	1,167	1,074
Deferred tax asset		7,638	6,533	5,288
Non-current Assets		515,241	473,375	438,883
Inventories		237,685	234,573	217,888
Trade and other receivables		284,634	334,354	275,169
Income tax receivable		8,889	6,304	3,728
Cash and cash equivalents		68,898	50,843	41,219
Current Assets		600,106	626,074	538,004
Total Assets		1,115,347	1,099,449	976,887
Borrowings		52,647	403,118	371,697
Employee benefits		29,340	29,348	25,404
Provisions		413	384	5,505
Deferred tax liability		21,841	21,217	22,452
Non-current Liabilities		104,241	454,067	425,058
Borrowings	8	371,456	385	338
Trade and other payables		225,737	245,118	193,612
Employee benefits		14,767	17,671	16,064
Provisions		7,942	12,248	11,933
Income tax payable		4,330	4,899	2,363
Current Liabilities		624,232	280,321	224,310
Total Liabilities		728,473	734,388	649,368
Total Net Assets		386,874	365,061	327,519