Bodyshop - Exhibit 8 THE BODY SHOP INTERNATIONAL AN...

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Exhibit 8 THE BODY SHOP INTERNATIONAL AN INTRODUCTION TO FINANCIAL MODELING HISTORICAL FINANCIAL STATEMENTS (in thousands of British Pounds) Fiscal Year Ended Feb. 28 1990  1991  1992  Income Statement Pounds % of sales Pounds % of sales Pounds % of sales Turnover 84,480  100.0% 115,599  100.0% 147,441  100.0% Cost of Sales 36,831  43.6% 50,393  43.6% 68,210  46.3% Gross Profit 47,649  56.4% 65,206  56.4% 79,231  53.7% Distribution Exp. 19,767  23.4% 27,494  23.8% 32,021  21.7% Administrative Exp. 11,008  13.0% 15,725  13.6% 19,335  13.1% Net Interest Expense 2,366  2.8% 1,950  1.7% 2,672  1.8% Profit Before Tax 14,508  17.2% 20,037  17.3% 25,203  17.1% Tax Expense 5,519  6.5% 7,311  6.3% 8,688  5.9% Profit After Tax 8,989  10.6% 12,726  11.0% 16,515  11.2% Minority Interest 454  0.5% 623  0.5% 120  0.1% Ordinary Dividends 1,558  1.8% 2,261  2.0% 2,995  2.0% Profit Retained 6,977  8.3% 9,842  8.5% 13,400  9.1% Assets Cash 239  0.3% 344  0.3% 483  0.3% Accounts Receivable 9,358  11.1% 18,298  15.8% 26,485  18.0% Inventories 23,360  27.7% 33,484  29.0% 38,457  26.1% Other Current Assets 6,981  8.3% 8,597  7.4% 9,576  6.5% Net Fixed Assets 31,442  37.2% 45,598  39.4% 58,657  39.8%   Total Assets 71,380  84.5% 106,321  92.0% 133,658  90.7% Liabilities and Eqity Accounts Payable 8,577  10.2% 9,307  8.1% 10,112  6.9% Taxes Payable 5,351  6.3% 7,002  6.1% 6,157  4.2%
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