DRAFT - 11/26/14 Subject to Change Upon Receipt of Additional Information COMPARATIVE INCOME STATEMENTS PHAIDON PRESS LIMITED FOP THE YEAFtS ENDED JUNE 30. TOTAL SALES OOST OF SALES I» Ceel %yam«. ContwogancyPeovdian TOTAL OOST OF SALES Piovisions IN«) GROSS IMAM Verlable Indlr441 Casts Grafie Baks and fregni Tned Pony Sakes Cornmar.ced Thed Paly Oismbuida Fan" Csuptfrokedng CHainnon. "Won Total varlable Indom' colts Illsegin Esse Variabk Inbeet Coats SsIss and 4.1~4Ing Onwheads Distrtanod Lol Faas 04441 ~aa Web Sde GOH! UW taaie BoCkeelog UW taaie Publoty Marketing Coda Taal Sales and Marteling 1:racebaan CONTRIBUT1011 Publitalng and Genard Overheads Slag Coda Bociunalon Ultei Piodtits Alles olAtchtecturc Siell Costa Mannemeni Seneca Onze Spaad and Faclrhos Rnancal and Pratostenal Total Publishing and Gdeard Ontbadi Prots Bekte Excheng• Eneange Gen (Loss) IP.oIe, Lossa Deposal cl Mlr. OPERATINO PROFT 0/40140111C ACTIVITIES F145 Coats Rasicutiunn9 Coda TRAOING PROPT 0.05.5) 09% Oma« Bond 19«e« Inwast faxatfabla iniacost Payablo Roanoing Total Olbst Imam (EsPan44) PROPT BEFOftE TAX Proasuon 18511400 fa Tams PC PROFF ROSS) 0:0 f060 C000 C000 8%3 C COO t000 HISTORY 2010 RISTORY RISTORY 2011 2012 HISTORY 2019 HISTORY 2014 PROJECT 2015 PROJECT 2016 PROJECT 2017 19.44 22.577 23.679 20.387 21211 25.094 28.473 31.793 5.429 6.506 7.663 6.949 7.489 8.663 9.543 10.659 1.122 1,245 1.317 976 1212 1.335 1.595 1.785 20 0 0 0 0 1;2 4,571 7,751 8,000 7,925 9901 9 11,: 1 .12"904) 139 0 at) 1.148 604 0 0 0 12.780 14~ 14.770 11.314 11206 15.274 17.564 19.603 77 120 107 120 157 150 170 175 331 378 369 410 515 562 638 657 1.509 1,724 1,537 1.353 1.432 1.863 2.114 2.177 40 540 545 450 455 304 345 355 251 196 297 290 258 375 375 388 635 618 586 610 604 240 152 1S0 3.243 3.575 3.441 3.233 3.421 3.494 3.794 3.906