prospectus for - Pumpkin Patch investor relations

SUMMARY HISTORICAL FINANCIAL INFORMATION (CONTINUED)Notes1. Number of ordinary shares issued at 31 July 2003 and 31 January 2004 include C Class shares that are notentitled to receive dividends. There were 47,350 and 79,250 C Class shares on issue at 31 July 2003 and31 January 2004 respectively. Excluding the C Class shares the dividends paid in cents per share were 150and 100 cents per share in 2003 and 2004, respectively.2. In accordance wiith clause 8(5) of the First Schedule to the Regulations, set out below is the adjusted anddiluted net tangible asset backing per share as at 31 January 2004.Proceeds From 32,000,000 shares (a)Proceeds From 60,770,399 shares (b)Assumed Adjusted NTA Adjusted and Diluted NTA Adjusted NTA Adjusted and Diluted NTAFinal Price Backing Per Share Backing Per Share Backing Per Share Backing Per Share$1.20 $0.37 $0.38 $0.49 $0.50$1.30 $0.39 $0.40 $0.52 $0.53$1.40 $0.41 $0.42 $0.55 $0.56The above table has been calculated based on the following assumptions:(a)(b)(c)(d)(e)All new shares (81,027,200) have been allotted and the maximum number of shares have beenrepurchased (49,027,200), assuming Final Price of $1.20, $1.30 and $1.40.The Board reserves the rightto set the Final Price outside of the Indicative Price Range;60,779,399 shares are subscribed for by investors and the Company, at its discretion, retains allproceeds rather than returning proceeds from all shares over 32,000,000 to investors (i.e. the numberof shares subscribed for is less than the repurchase threshold described on pages 81 and 82);The 100:1 share split (described on page 79) has occurred, offer related costs of $1,335k wereincurred which reduced equity;The shares to be issued under the DF7 Share Scheme had been allotted and the proceedsreceived before that date; andThe adjusted and diluted NTA backing per share assumes, in addition to (a) to (d) above, theOptions have been allotted and proceeds received.3. The other revenue in 1999 largely comprises a profit on sale of the current head office, warehouse andlogistics facility at 439 East Tamaki Road, Auckland. The property was sold to a third party.4. During 1999, PPL Group exited the Studio Works stores. Below is a table of the historical discontinuingactivities details. Some costs associated with exiting the stores, such as the write-off of inventory and fixedassets, were recognised in the 1999 results, with the remainder of the exiting costs being incurred in 2000with the completion of the exiting process.31 December 31 July 31 January12 Months 7 Months 6 MonthsDiscontinued Activities 1999 2000 2001 2002 2003 2004$000 $000 $000 $000 $000 $000Revenue (included in operating revenue) 5,827 2,124 - - - -Expenditure (included in expenditure) (7,493) (2,124) - - - -Cost of exiting activity (included in expenditure) (830) (361) - - - -Income tax benefit (included in tax expense) 823 - - - - -Net Loss from Discontinued Activities (1,673) (361) - - - -5. Amounts presented for net interest above include both interest income and interest expenses. Theindividual interest income and interest expense amounts for each period are presented below.The higherinterest charges from 2001 are a consequence of higher debt used to fund additional growth in the business.31 December 31 July 31 January12 Months 7 Months 6 MonthsNet Interest 1999 2000 2001 2002 2003 2004$000 $000 $000 $000 $000 $000Interest revenue 10 38 257 18 - 6Interest expense (1,395) (1,008) (2,982) (2,570) (1,871) (1,335)Net Interest (1,385) (970) (2,725) (2,552) (1,871) (1,329)68