ENERGIZER 2000 ANNUAL REPOR T 22 CONSOLIDATED BALANCE SHEET (Dollars in millions except per share data) The above financial statement should be read in conjunction with the Notes to Consolidated Financial Statements. SEPTEMBER 30, 2000 1999 Assets Current Assets Cash and cash equivalents $ 11.9 $ 27.8 Trade receivables, net 180.6 441.9 Inventories 459.1 383.0 Other current assets 278.7 121.3 Total Current Assets 930.3 974.0 Investments and Other Assets 377.8 319.7 Net Investment in Discontinued Operations – 67.2 Property at Cost Land 14.6 16.9 Buildings 140.6 143.0 Machinery and equipment 816.9 816.7 Construction in progress 47.7 33.5 1,019.8 1,010.1 Accumulated depreciation 534.4 537.3 485.4 472.8 Total $ 1,793.5 $ 1,833.7 Liabilities and Shareholders Equity Current Liabilities Current maturities of long-term debt $ – $ 0.3 Notes payable 135.0 118.5 Accounts payable 145.0 128.6 Other current liabilities 248.6 248.5 Total Current Liabilities 528.6 495.9 Long-term Debt 370.0 1.9 Other Liabilities 156.7 23.0 Shareholders Equity Preferred stock – $.01 par value, none outstanding – – Common stock – $.01 par value, issued 95,552,711 at September 30, 2000 1.0 – Additional paid-in capital 783.9 – Retained earnings 59.8 – Accumulated other comprehensive income (106.5) – Ralston's net investment in Energizer – 1,312.9 Total Shareholders Equity 738.2 1,312.9 Total $ 1,793.5 $ 1,833.7