Bell Division Performance Report for the Year Ended December 31, 2021 Increase/(Decrease) from 2020 2021 2020 AMOUNT % CHANGE Summary Data Net Income ($000 omitted) $34,222 $31,573 $2,649 8.4 Return on Investment (ROI) 37% 43% (6%) [14.0) Kits sold (units) 2,000 2,100 (100) (4.8) Production Data Kits started 2,400 1,600 800 50.0 Kits transferred to Cornish Div. 2,000 2,100 (100) (4.8) Kits in process at year-end 700 300 400 133.3 Increase (Decrease) in kits in process at year-end 400 (500) Financial Data ($000) Sales $138,000 $162,800 ($24,800) (15.2) Production costs of units sold Raw material 32,000 40,000 (8,000) (20.0) Labor 41,700 53,000 (11,300) (21.3) Factory overhead 29,000 37,000 (8,000) (21.6) Cost of units sold $102,700 $130,000 ($27.300) (21.0) Other Costs: Corporate Charges for Personnel services Accounting services 228 210 18 8.6 425 440 (15) (3.4) Financing costs 300 525 (225) (42.9) Total other costs $953 $1,175 ($222) (18.9) Adjustments to Income Unreimbursed fire loss 0 52 (52) (100.0) Raw material losses due to improper storage 125 0 125 Total adjustments $125 $52 $73 (100.0) Total Costs $103,778 $131,227 ($27,449) (20.9) DIVISION INCOME $34,222 $31,573 $2,649 8.4 Division Investment $92,000 $73,000 $19,000 26.0 ROI 37% 43% (6%) (14.0)