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Kayser Bondor Ld. (62HF)


Monday 28 October, 2002

Kayser Bondor Ld.

Final Results

Kayser Bondor Ld
25 October 2002

Letter to RNS

At Board Meetings held on 24 October 2002 for each of the following companies:

                    Courtaulds Clothing Brands Limited
                    Kayser Bondor Limited
                    Wilkinson & Riddell (Holdings) Limited 

the Preliminary Announcement for the year ended 30 June 2002 was approved.

Please note the following changes to directors of the above companies which have 
taken place:

Julia Ruth Wilson, Director, resigned 14 June 2002;
Hugh Brian Duffy, Director, resigned 30 June 2002;
Michael Ellis was appointed as Director 12 June 2002; and
Eliaz Poleg was appointed as Director 12 July 2002. Mr Poleg is also a director 
of Sara Lee UK Holdings PLC.

From   SaraLee UK Holdings

                            KAYSER BONDOR LIMITED

                           Preliminary Announcement 

                                30 June 2002

Explanatory Statement

The directors present their preliminary announcement for the year ended 30 June 

These accounts are not the company's statutory accounts. The auditors have not
yet reported on the accounts for the year ended 30 June 2002, nor have any such
accounts been delivered to the Registrar of Companies. However, the audit work
is completed and no qualification is expected.

The comparative figures contained in this report are for the eighteen month
period ended 30 June 2001. These figures (with the exception of the cash flow
statement from which the company was exempt under FRS 1) have been extracted
from the statutory accounts which have been filed with the Registrar of
Companies. The auditors' report on those accounts was unqualified and did not
contain any statement under section 237(2) or (3) of the Companies Act 1985.

Review of the business

The results for the year are shown in the profit and loss account. The company
did not trade during the year and results are consistent with the corresponding
prior period.


The directors do not recommend the payment of an ordinary dividend (2001: £nil).

The contents of this report have been reviewed and approved by the Board of

By order of the Board 

H Rubenstein 
24 October 2002


Preliminary Announcement

Profit and Loss Account 
For the year ended 30 June 2002              Notes   Year ended  18 months ended
                                                        30 June          30 June 
                                                           2002             2001
                                                          £'000            £'000

Interest receivable from group undertakings                254              381

Profit before taxation                                     254              381

Taxation                                                     -                -

Profit after taxation                                      254              381

Preference dividend paid - non-equity          2           (45)             (68)

Profit attributable to ordinary shareholders               209              313

Basic and diluted earnings per share           3          0.87p            1.30p

Continuing operations
The company did not trade during the period.

Statement of total recognised gains and losses
There are no movements in total recognised gains or losses or shareholders' 
funds other than those reported in the profit and loss account above.


Preliminary Announcement

Balance Sheet 
As at 30 June 2002
                                                          2002             2001 
                                                         £'000            £'000

Current assets                                          
 Debtors                                                10,663           10,454

Creditors: amounts falling due within one year            (115)            (115)

Net current assets                                      10,548           10,339

Capital and reserves
Called up share capital                                  6,756            6,756
Profit and loss account                                  3,792            3,583

Shareholders' funds:
Equity                                                   9,798            9,589
Non-equity                                                 750              750

                                                        10,548           10,339


Preliminary Announcement

Cash Flow Statement 
For the year ended 30 June 2002                      Year ended  18 months ended
                                                        30 June          30 June 
                                                           2002             2001
                                                          £'000            £'000
Net cash outflow from operating activities:
Operating profit                                             -                -
Increase in debtors                                       (209)            (313)

                                                          (209)            (313)

Returns on investments and servicing of finance:
Interest received                                          254              381 
Non-equity dividends paid                                  (45)             (68)

                                                           209              313

Movement in cash                                             -                -

The above balances are settled through a parent company bank account which is 
part of the Sara Lee UK Holdings Plc group banking scheme. In the company 
accounts the transactions are accounted for via movements in inter-company 


Preliminary Announcement

Notes to the Accounts 
As at 30 June 2002

1.   Accounting policies

i.   Basis of preparation
     These unaudited results have been prepared in accordance with the 
     accounting policies set out in the Annual Report for the eighteen month 
     period ended 30 June 2001, subject to changes required as a result of the 
     subsequent issue of FRS 18 and FRS 19. FRS 18 'Accounting Policies' has 
     been applied in the financial statements for the current year. This has not 
     resulted in any changes in accounting policies.

ii.  Change in accounting policy - Deferred Taxation
     FRS 19 'Deferred Taxation' has been adopted for the first time by the 
     company in the year ended 30 June 2002. In previous years the company 
     complied with Statement of Standard Accounting Practice 15 'Deferred 
     Taxation' which has now been superseded by the introduction of FRS 19, 
     which requires a form of full provisioning (see taxation policy note). 
     There has been no effect of the implementation of FRS 19 on reported 

iii. Taxation
     Corporation tax is provided at amounts expected to be paid or recovered 
     using the tax rates and laws that have been enacted or substantially 
     enacted by the balance sheet date. Deferred taxation is provided on timing 
     differences, arising from the different treatment for financial statements 
     and taxation purposes of events and transactions recognised in the 
     financial statements of the current and previous years. Deferred taxation 
     is calculated at the rates at which it is estimated that it will arise. 
     Deferred taxation balances are not discounted. Deferred taxation assets are 
     recognised to the extent that it is regarded as more likely than not that 
     there will be suitable taxable profits against which deferred taxation 
     assets can be recovered in future periods.

2.   Dividends
     No dividends were paid or proposed on the ordinary share capital. The rate 
     of preference dividend is 6% (2001: 6%), paid half yearly on 30 June and 
     31 December.

3.   Earnings per share
     The calculation of basic and diluted earnings per share is based on the 
     profit attributable to ordinary shareholders of £209,000 (2001: £313,000) 
     and on 24,023,440 (2001: 24,023,440) shares, being the weighted average 
     number of shares in issue during the period. There is no dilution of 
     earnings per share.

                      This information is provided by RNS
            The company news service from the London Stock Exchange
       R MABJTMMMTBPT                                                                                                                                                                                                                                                 

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