Case-ready packaging typically employs higher cost trays and high barrierfilms, thus boosting value gains. Packaging demand will also be supported bychanges in packaging practices, such as the increasing prevalence of meat andpoultry items in smaller, more convenient sizes and the expanding range ofproducts that are further processed. NEW YORK–(Business Wire)–Reportlinker announces that a new market research report is available in itscatalogue. Reportlinker Adds US Meat, Poultry & Seafood Packaging Market http:// demand to increase 3.5% yearly through 2013Demand for meat, poultry and seafood packaging is expected to increase 3.5percent annually to $9.2 billion in 2013. The report was unqualified.4 ApprovalThis announcement was approved by the board on 2 July 2009.ENDS.

The company’s auditors have reported on the statutory accounts undersection 235 of the Companies Act 1985. In the case of options granted,fair value is measured by a Black-Scholes pricing model..3 Status of Financial InformationThe financial information has been extracted from the audited accounts for theyear ended 31 March 2009, which will be posted to shareholders shortly, and areavailable for inspection for one month, free of charge, at the registeredoffice of the company at Russell House, Russell Street,Swansea,SA1 4HR.The financial information does not constitute statutory accounts within themeaning of section 240 of the Companies Act 1985.Statutory accounts for theyear ended 31 March 2009 will be delivered to the Registrar of Companies in duecourse. Deferred tax assets and liabilities areincluded without discounting. No deferred tax assets are recognised at the endof the financial year since their recoverability is uncertain.Operating leasesCosts in respect of operating leases are charged to the profit and loss accountas incurred.Share-based incentivesIn accordance with FRS20, the fair value of equity-settled share-based paymentsto employees is determined at the date of grant and is expensed on astraight-line basis over the vesting period, based on the group’s estimate ofshares or options that will eventually vest. No deferred tax is recognised on permanentdifferences between the company’s taxable gains and losses and its results asstated in the financial statements.

Other grants arecredited to the profit and loss account when receivable.Research and developmentCosts relating to research and development are charged to the profit and lossaccount.Deferred taxationProvision for deferred taxation is made in respect of all material timingdifferences that have originated but not reversed by the balance sheet date.Timing differences represent differences between gains and losses recognisedfor tax purposes in periods different from those in which they are recognisedin the financial statements. Thedirectors consider the estimated useful economic life of the purchased goodwillto be 10 years.Licences and trademarksLicences and trademarks are capitalised at their purchased cost, together withany incidental costs of acquisition. They are amortised on a straight linebasis over their estimated useful economic life. The directors consider theestimated useful life of the licences and trademarks to be 3 years.StocksStocks and work in progress are valued at the lower of cost and net realisablevalue.Government grantsGrants that relate to specific capital expenditure for projects are treated asdeferred income which is then released to the profit and loss account over theuseful life of the related asset or duration of the project. Theestimated useful economic life is calculated having regard to the period overwhich the Group expects to derive economic benefits from the assets. Goodwill isamortised on a straight line basis over its estimated useful economic life.