MONARCH, INC Financial Income Statement Analysis								(Fiscal Yr End December 31)
(000's)			2001		2000		1999		1998		1997
Sales			12,257		12,482		12,507		12,143		11,039
COG's			2,701		2,456		2,240		1,987		1,689
Gross Profit			9,556		10,026		10,267		10,156		9,350
Depreciation			207		228		205		194		163
SG&A			2,832		2,567		2,392		2,267		2,102
Adv & Promo			3,298		3,156		2,776		2,756		2,677
Research & Development			1,876		2,102		2,351		2,318		2,291
Interest			329		375		209		229		144
Other			178		174		102		288		164
	Total Expenses		8,720		8,602		8,035		8,052		7,541
Earnings Before Taxes			836		1,424		2,232		2,104		1,809
Taxes (US & Foreign)			368		433		462		467		435
Net Income after taxes			469		991		1,770		1,637		1,374