Rayovac 2009 Annual Report Download - page 37

Table of Contents
Index to Financial Statements
ITEM 6. SELECTED FINANCIAL DATA
The following selected historical financial data is derived from our audited consolidated financial statements. Only our Consolidated Statements of
Financial Position as of September 30, 2009 and 2008 and our Consolidated Statements of Operations, Consolidated Statements of Shareholders’ Equity
(Deficit) and Comprehensive Income (Loss) and Consolidated Statements of Cash Flows for the years ended September 30, 2009, 2008 and 2007 are
included elsewhere in this Annual Report on Form 10−K. On November 5, 2008, Spectrum Brands, Inc.’s board of directors committed to the shutdown of
the growing products portion of the Home and Garden Business, which includes the manufacturing and marketing of fertilizers, enriched soils, mulch and
grass seed, following an evaluation of the historical lack of profitability and the projected input costs and significant working capital demands for the
growing product portion of the Home and Garden Business during Fiscal 2009. During the second quarter of Fiscal 2009, we completed the shutdown of the
growing products portion of the Home and Garden Business and, accordingly, began reporting the results of operations of the growing products portion of
the Home and Garden Business as discontinued operations. As of October 1, 2005, we began reporting the results of operations of Nu−Gro Pro and Tech as
discontinued operations. We also began reporting the results of operations of the Canadian division of the Home and Garden Business as discontinued
operations as of October 1, 2006, which business was sold on November 1, 2007. Therefore, the presentation of all historical continuing operations has been
changed to exclude the growing products portion of the Home and Garden Business, the Nu−Gro Pro and Tech and the Canadian division of the Home and
Garden Business but to include the remaining control products portion of the Home and Garden Business. The following selected financial data should be
read in conjunction with our consolidated financial statements and notes thereto and the information contained in Item 7. Management’s Discussion and
Analysis of Financial Condition and Results of Operations included elsewhere herein. The financial information indicated may not be indicative of future
performance.
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