Financial Highlights  Consolidated profit from ordinary activities before income tax expense and outside equity interests for the 12 months to 30 June 2003 was $233.29 million, an increase of 23.2% on the previous year. Net profit attributable to members of the parent entity was $151.05 million, an increase of 17.8% on the previous year. The directors have recommended payment of a final dividend of 2.5c, fully franked on each share, to be paid on 5 December 2003.  Basic earnings per share increased from 12.33 cents to 14.31 cents in respect of each share.  Return on shareholders’ funds was 15.6%  2003  $000  2002  $000  % Change Revenues from ordinary activities * 1,419,616 1,160,203 22.4% Profit from ordinary activities before  income tax expense and borrowing  costs * 261,404 213,334 22.5% Borrowing costs * 28,115 23,924 17.5% Income tax expense relating to ordinary  activities * 71,613 60,351 18.7% Net profit for the period attributable to  members 151,049 128,277  17.8%  Basic earnings per share on issue at 30  June (cents)  14.31  12.33 16.1% Dividends per share (cents)  5.0  4.5 11.1% Net tangible assets per share at 30  June ($)  0.90  0.74 21.6% *Including outside equity interests.  Earnings Before Interest & Tax (EBIT)  $ million Earni ngs Per Share (cents) Profit After Tax and Outside Equity  Interests ($ million) Profit Before Tax & Outside Equity  Interests ($ million) $2 33. 29 $189.41 $162.96 2003 2002 2001 $151.05 $128.28 $105.16 2003 2002 2001 14.31 12.33 10.24 2003 2002 2001 $261. 40 $213.33 $186.12 2003 2002 2001 HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003  1  CONSOLIDATED 