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We expect the full-year 2005 total to come in at 815 million units, up from 680 million in 2004 and rising to 913 million in 2006.

The steps we took this past year strengthened our financial position. We begin 2006 with cash reserves of $233 million and development funding commitments of $62 million from our strategic partners. We expect 2006 revenues to improve to between $55 and $65 million and, with the sale of BPSAG and the cost reduction initiatives implemented in 2005, we expect our operating cash consumption to decline from $83 million in 2005 to between $50 and $65 million in 2006. Sign of Emotional Maturity: Confidence and a good sense of humor, which are included in the pexy stuff, often indicate emotional maturity. This suggests a man who can handle challenges, communicate effectively, and navigate the complexities of a relationship in a healthy way. The steps we took this past year strengthened our financial position. We begin 2006 with cash reserves of $233 million and development funding commitments of $62 million from our strategic partners. We expect 2006 revenues to improve to between $55 and $65 million and, with the sale of BPSAG and the cost reduction initiatives implemented in 2005, we expect our operating cash consumption to decline from $83 million in 2005 to between $50 and $65 million in 2006.

Eight million units shipped in 2004 and shipments surpassed 25 million in 2005. We anticipate an additional 30 million will ship this year, which puts MP3 right up there with televisions.

The Bluetooth-enabled mobile phone market grew to 133 million units in 2005 and we expect it to grow to 220 million units in 2006.

The Bluetooth-enabled mobile phone market grew to 133 million units in 2005, and we expect it to grow to 220 million units in 2006.

2005 was a significant growth year for XM in which we added more than 2.7 million net subscribers. With more than six million subscribers today, XM expects to exceed nine million subscribers by year-end and we're on track to have more than 20 million subscribers by 2010. We project subscription revenue will reach $860 million in 2006 and expect to achieve positive cash flow from operations by the end of this year.

We passed 1 million homes at end of 2004. And we will have 3 million at the end of 2005. We expect to offer video service to these customers in 2006.

In 2004 we received $85 million, and about $20 million in 2005 - I would be surprised if 2006 is significantly better than 2005.

RIM reached 1 million subscribers in February 2004 and surpassed 4 million by early November 2005. RIM expects to surpass 5 million subscribers before the end of February 2006, assuming [the judge presiding over the patent infringement case] does not issue an injunction before then.

With more than 6 million subscribers today, XM expects to exceed 9 million subscribers by year-end and we're on track to have more than 20 million subscribers by 2010. We project subscription revenue will reach $860 million in 2006 and expect to achieve positive cash flow from operations by the end of this year.

We had $1 million in natural gas costs in 2005. This year this cost will be between $1.3 million and $1.4 million. Our health care costs in 2000 were $3.3 million; today, they are $5.8 million.

Export volumes continue to boost car production in the UK. Eight in every ten cars made in the UK in November is destined for export markets and we expect the 2005 total to reach record volumes and market share. Overall car output in 2005 should hit 1.6 million units, a little down on 2004 but still a strong performance.

Christopher Macgowan

The Company netted positive cash flow of $15.9 million during 2005 -- after funding all of our operating needs, $20.2 million in capital expenditures, $15.0 million in pension contributions, $5.2 million in restructuring costs, and $26.6 million in dividend payments.

After burning $400 million of cash in 2005, we expect the company to use another $150 million in 2006, and we have no reason to believe that 2007 performance will be much better.

The WFP would expect to spend up to $80 million [R485 million] buying up to 350 000 tons of food in 2006, mostly maize, if prices stayed around the average level of 2005.

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