1086 AnnRep-Investment S04-3 - Pumpkin Patch investor relations

Wholesale and DirectActual Forecast 2003 1$000 $000 $000Turnover NZD 16,002 14,900 7.4% 15,295 4.6%EBIT 2,088 1,684 24.0%13.0% 11.3%1: Proforma 12 month period ended 31 July 2003.During the year we saw increased opportunities unfold in our international markets. These however were offset by revenue loss inthe Direct (Australasian mail order and internet sales) operation resulting from the continued store roll out to regional and ruralareas. Although the Direct business is declining, the catalogue remains a major driver of our retail operations.Our causesEvery year Pumpkin Patch supports a number of local kids charities. This year a majority of our support went to:• Gifted Kids• Kidz First Children’s Hospital• Books in Homes literacy programme• Mission without Borders (Ukrainian orphans appeal)In addition we support child related organisations and schools throughout New Zealand, Australia and the United Kingdom bysupplying fun fashion shows that tour each country.Our peopleOur team continues to grow and embrace the strong Pumpkin Patch culture. There has been a tremendous effort during the yearand I thank my team for pursuing our goals so fully.Pumpkin Patch ... the futureOur priority is still to provide fantastic value, great design and a retail experience that embraces the values that Pumpkin Patch isknown for.Managing Director9