2004 2005 2006 2007 2008

Total Assets 1076 1162 1348 1624 2029

Profit 36.6 48.3 69 101.2 128.8
ROA 3.40% 4.16% 5.12% 6.23% 6.35%
Com Stock & paid in capital 127 127 129 131 131
Retained earnings 382 430 499 600 729
Equity 509 557 628 731 860
ROE 7.19% 8.67% 10.99% 13.84% 14.98%

Sales
Water
Solution Overall Growth
Total 1326 2304.6 978.6

PBIT 73.4 273.9 200.5

Water- Sales 880.7 914.9 948.8 981.9 1013.4

Water/Machinery COGS 716 742 777.9 807.1 825.9
Margin 164.7 172.9 170.9 174.8 187.5 870.8
Development 11.5 11.7 12 12 12.2 59.4

Solutions - Sales 445.3 541.9 690.2 914 1291.2

Solution/ Electronics- COGS 334 400.9 497 649.1 968.5
Margin 111.3 141 193.2 264.9 322.7 1033.1
R&D Solutions 65.3 68.5 71.1 68.5 68.3 341.7

1999 2000 2001 2002 2003

Water- Sales 724.7 753.3 782.5 814.4 846.9
Water/Machinery COGS 578.9 607.9 625.1 654.8 685.2
Margin 145.8 145.4 157.4 159.6 161.7 769.9
Development 15.9 10.6 10.8 9.4 10.4 57.1

Solutions - Sales 152 194.8 245.4 304.3 371.2

Solution/ Electronics- COGS 114.1 144.9 183.1 222.6 272.6
Margin 37.9 49.9 62.3 81.7 98.6 330.4
R&D Solutions 9.7 12 23.7 40 63 148.4

Water Solution Subsidiary Total

Sales 1,013.40 879.20 412.00 2,304.60
% of total 44.00% 38.10% 17.90%
% of solution 68.09% 31.91%
COGS 825.90 659.47 309.03 1,794.40

Less
Mkt, G&A 68.47 59.40 27.83 155.70
Dev 12.20 46.51 21.79 80.50
PBIT 106.83 113.83 53.34 274.00
ROS 10.54% 12.95% 12.95%
Growth Subsidiaries Percentage Growth of Subsidiaries
412 42.10%

51 25.44%

6.82%

33.08%

7.42%

44.92%