Rayovac 2010 Annual Report Download - page 49
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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, 2010 and 2009 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,
2010, 2009 and 2008 are included elsewhere in this Annual Report on Form 10-K. The information presented
below as of and for the fiscal year ended September 30, 2010 also includes that of Russell Hobbs since the
Merger on June 16, 2010.
On November 5, 2008, Spectrum Brands’ 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. This financial information
and other data should be read in conjunction with our consolidated financial statements, including the notes
thereto, and Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
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