~~Table~~SEC 1815(11-2002)PreviousVersionsObsolete Potential persons who are to respond to the collection of ~~Contents~~information contained in this form are not required torespond unless the form displays a currently valid OMB control number.

~~SEC~~OMB ~~1815~~APPROVAL ~~(11-2002)~~OMB ~~Previous~~Number: ~~Versions~~3235-0016 ~~Obsolete~~Expires: ~~Potential~~August ~~persons~~31, ~~who~~2005 ~~are~~Estimated toaverage ~~respond~~burdenhours toper ~~the~~response: ~~collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number~~6.00

~~OMB~~FORM ~~APPROVAL OMB Number: 3235-0016 Expires: August 31, 2005 Estimated average burden hours per response:~~ 6~~.00~~-K

~~FORM 6-K~~ SECURITIES AND EXCHANGE COMMISSION ~~Washington,~~ ~~D.C. 20549~~

~~Report~~Washington, ofD.C. ~~Foreign~~20549 ~~Private Issuer~~

~~Pursuant~~Report toof ~~Rule 13a-16~~Foreign orPrivate ~~15d-16 Of~~Issuer ~~the Securities Exchange Act of 1934~~

~~For~~Pursuant ~~the~~to Rule ~~month~~13a-16 ofor ~~November,~~15d-16 ~~2002~~

~~Commission~~Of ~~File~~the ~~Number~~Securities ~~333-8426~~Exchange ~~and~~Act ~~22-27934~~ of 1934

~~Anchor~~For ~~Lamina~~the ~~Inc.~~ month of August, 2003

~~(Registrant’s~~Commission ~~name)~~ File Number 333-8426 and 22-27934

~~2590~~Anchor ~~Ouellette~~Lamina ~~Avenue Windsor,~~Inc. ~~Ontario Canada N8X 1L7~~

(~~Address~~Registrant’s ~~of principal executive offices~~name)

~~Indicate~~2590 ~~by check mark whether the registrant files or will file annual reports~~Ouellette ~~under~~Avenue ~~cover Form 20-F or Form 40-F.~~

~~Form 20-F x Form 40-F o~~ Windsor, Ontario

~~Indicate~~Canada byN8X ~~check~~1L7 ~~mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):~~

~~Note: Regulation S-T Rule 101~~(~~b)(1)~~Address ~~only permits the submission in paper~~ of ~~a Form 6-K~~principal ifexecutive ~~submitted~~offices) ~~solely to provide an attached annual report to security holders.~~

Indicate by check mark ifwhether the registrant isfiles ~~submitting~~or ~~the~~will ~~Form 6-K~~file inannual ~~paper~~reports ~~as permitted~~under bycover ~~Regulation S~~Form 20-TF ~~Rule 101(b)(7):~~ or Form 40-F.

~~Note:~~Form ~~Regulation S~~20-TF ~~Rule 101(b)(7) only permits the submission in paper of a~~ x Form ~~6-K~~ if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 640-~~K submission~~F or¨ ~~other Commission filing on EDGAR.~~

Indicate by check mark ~~whether~~if ~~by furnishing~~ the ~~information~~registrant ~~contained~~is insubmitting ~~this form,~~ the ~~registrant~~Form is6-K ~~also~~in ~~thereby~~paper ~~furnishing~~as ~~the~~permitted ~~information to the~~by ~~Commission~~Regulation ~~pursuant~~S-T to Rule ~~12g3-2~~ 101(b) ~~under the Securities Exchange Act of 1934.~~ (1):

~~Yes o No x~~ Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

IfIndicate ~~“Yes”~~by ischeck ~~marked,~~mark ~~indicated~~if ~~below~~ the ~~file~~registrant ~~number~~is ~~assigned~~submitting to the ~~registrant~~ Form 6-K in ~~connection~~paper ~~with~~as ~~Rule 12g3~~permitted by Regulation S-2T Rule 101(b)(7): ~~82-__~~

~~Signatures~~Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

~~Pursuant~~Indicate toby ~~the~~check ~~requirements~~mark ofwhether ~~the~~by ~~Securities~~furnishing ~~Exchange~~the information ~~Act~~contained ofin ~~1934~~this form, the registrant ~~has~~is ~~duly~~also ~~caused~~thereby ~~this~~furnishing ~~report~~the information to bethe ~~signed~~Commission onpursuant ~~its~~to ~~behalf~~Rule by12g3-2(b) under the ~~undersigned,~~ ~~thereunto~~Securities ~~duly~~Exchange ~~authorized~~Act of 1934.

					ANCHOR LAMINA INC (registrant)
Date:		January 8, 2003			By:	Jack C. Tough Jack C. Tough Vice President and Chief Financial Officer

Yes ¨ No x

~~Item List~~ If “Yes” is marked, indicated below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

1.Signatures ~~Unaudited Consolidated Financial Statements for First Quarter Ended November 30, 2002.~~

~~TABLE~~Pursuant OFto ~~CONTENTS~~the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CONSOLIDATED STATEMENT OF INCOME (LOSS) CONSOLIDATED STATEMENTS OF DEFICIT CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF CASH FLOWS NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

		ANCHOR LAMINA INC (registrant)

Date:	October 21, 2003	By:	/s/ JACK C. TOUGH

			Jack C. Tough Vice President and Chief Financial Officer

~~Table~~Item ofList ~~Contents~~

~~Report~~1. toUnaudited ~~Bondholders~~ Consolidated Financial Statements for Fourth Quarter Ended August 31, 2003.

~~For~~Report ~~the~~to ~~First~~Bondholders ~~Quarter Ended November 30, 2002 January 8, 2003~~

~~Consolidated~~For ~~sales in~~ the ~~quarter~~Fourth ~~ended~~Quarter ~~November 30,~~Ended ~~2002~~August ~~were $38.9 million~~31, an ~~increase of $4.7 million from the first quarter sales of fiscal 2002 of $34.2 million. First quarter fiscal~~ 2003 ~~earnings before interest, income taxes, depreciation and amortization (EBITDA) were $5.6 million versus $4.6 million in the first quarter last year.~~

~~The~~October ~~net income for the quarter ended November 30~~21, 2002 was $0.7 million, compared with a net loss of $1.4 million for the first quarter last year. The improvement in operating results was due, in most part, to the following factors. EBITDA improved in the first quarter of fiscal 2003 ~~(after-tax impact~~ of $0.6 million) over the first quarter of fiscal 2002. Due to the change in accounting treatment of goodwill detailed below, depreciation and amortization expenses in the first quarter of fiscal 2003 were $1.0 million after-tax less than the first quarter of fiscal 2002. Interest costs were $0.1 million after-tax lower in addition to a reduced loss on foreign exchange of $0.2 million after-tax in the first quarter of fiscal 2003 compared to the first quarter of fiscal 2002.

AtFourth ~~the~~quarter ~~beginning~~consolidated ofsales were $34.1 million compared to $35.8 million in the ~~fiscal~~fourth quarter last year. ~~2003,~~The shortfall was the ~~Company~~result ~~adopted~~of ~~the~~weak ~~new pronouncement~~sales ~~from~~in the ~~Canadian~~North ~~Institute~~American ofDie ~~Chartered~~Set ~~Accountants~~operating ~~relating~~segment. ~~to the~~Earnings ~~accounting~~before ~~treatment~~interest, oftaxes, ~~goodwill~~depreciation and ~~other~~amortization ~~intangible~~(EBITDA) ~~assets~~was $3.3 Asmillion ain ~~result~~ the last quarter of fiscal ~~this~~2003, ~~change~~down from $3.8 million in ~~accounting~~the ~~policy,~~fourth quarter of the ~~Company~~fiscal ~~recorded~~2002. aReduced ~~non-cash~~gross ~~charge~~profit of $640.9 million compounded by $1.0 million toin ~~the~~additional ~~capital~~environmental ~~deficit~~remediation charges for the ~~write-down~~Cheshire ofConnecticut ~~all~~facility ofmore ~~the~~than ~~carrying~~offset $0.8 ~~value~~million ofin ~~goodwill.~~lower ~~Further~~selling ~~information~~and onadministrative ~~goodwill~~expenses isand ~~given~~$0.6 million in ~~note~~lower 3charges tofor the ~~consolidated~~ ~~financial~~disposal ~~statements~~of European operations and capital assets and exchange related expenses.

OnAdjusted ~~May 31,~~EBITDA ~~2001~~(as ~~the~~disclosed ~~majority of the operations~~ in ~~Europe~~note ~~(operated~~10 ~~under~~to the ~~corporate~~ ~~identity~~consolidated offinancial ~~EOC)~~statements, ~~were~~please ~~sold~~also tosee ~~D-M-E,~~page a3 ~~subsidiary~~ of ~~Milacron~~this ~~Inc.~~Report ~~of Cincinnati,~~to ~~Ohio.~~Bondholders) Atis used ~~November 30,~~internally ~~2002~~by ~~sale~~management ~~proceeds~~ of ~~$7.4 million~~the ~~were outstanding.~~Company ~~Subsequent~~ to ~~the~~monitor ~~November 30,~~and ~~2002~~evaluate ~~quarter~~operating ~~end~~performance. Therefore, ~~the~~under ~~Company~~Canadian ~~and D-M-E~~generally ~~agreed~~accepted toaccounting aprinciples, ~~settlement of~~ the ~~outstanding~~company ~~sale~~discloses ~~proceeds.~~in ~~The~~note ~~Company received~~10 ~~$7.3 million subsequent~~ to the ~~November 30,~~consolidated ~~2002~~financial ~~quarter~~statements ~~end~~Adjusted ~~as final~~EBITDA ~~payment~~by ofoperating ~~the~~segment. ~~outstanding~~The ~~sale~~Company ~~proceeds.~~has ~~Further~~decided ~~information~~to onno ~~the~~longer ~~sale~~disclose ~~is given~~Adjusted inEBITDA ~~notes~~outside 2of ~~and~~note 710 to the consolidated financial statements. ~~Anchor Lamina Inc. maintains its operational presence in Europe through its steel plate and die set facilities in Chemnitz, Germany.~~

OnThe ~~November 12,~~net ~~2002~~loss in the ~~Company~~fourth ~~finalized~~quarter anof ~~agreement~~fiscal ~~for~~2003 awas ~~new~~reduced ~~credit facility~~to $0.5 ~~Further~~million ~~information~~from on$1.6 million in the ~~new~~comparable ~~credit~~period ~~facility~~last year. The reduced net loss is ~~given~~attributed to the following principal factors. The change in ~~note~~accounting 6treatment of goodwill detailed in the next paragraph resulted in reduced amortization expense of $1.1 million after-tax in the fourth quarter of fiscal 2003 compared to the fourth quarter of fiscal 2002. Interest costs are $0.6 million lower in the ~~consolidated~~quarter ~~financial~~ended ~~statements~~August 31, 2003 on a comparative after-tax year over year basis. Partially offsetting these improvements was $0.3 million after-tax in reduced EBITDA noted above. Increased depreciation expense of $0.6 million after-tax resulted from the decision to reduce the estimated useful service lives of production equipment effective June 1, 2003. Production equipment now has estimated service lives not exceeding 15 years compared with a maximum of 30 years prior to June 1, 2003.

~~Subsequent~~At to the ~~November 30,~~beginning ~~2002~~of the ~~quarter~~fiscal ~~end~~year 2003, the Company ~~repurchased~~adopted ~~US$2.1 million~~two ~~principal~~new ~~amount~~pronouncements from the Canadian Institute of Chartered Accountants. The first related to the 9accounting treatment of goodwill and other intangible assets.~~875%~~ ~~Senior~~The ~~Subordinated~~second ~~Notes~~related ~~due~~to ~~February~~the accounting 1,treatment ~~2008~~of intranslation gains and losses on long-term foreign currency denominated debt. As a result of the ~~open~~change ~~market~~in accounting policy regarding goodwill, ~~for~~the anCompany ~~aggregate~~recorded ~~cost~~a non-cash charge of US$064.8 0 million. Asto the accumulated deficit for the ~~detailed~~write-down of all of the carrying value of goodwill. Further information on goodwill is given in note 73 to the consolidated financial statements,. ~~these~~The ~~repurchases will~~change ~~result~~ in aaccounting ~~pre~~policy for translation gains and losses on long-~~tax~~term ~~gain~~foreign currency denominated debt required the inclusion in the ~~second~~consolidated ~~quarter~~statement of ~~fiscal~~income ~~2003~~(loss) of Cforeign exchange (losses) gains of ($0.2 million) and $2.03 million in the quarter and the year ended August 31, 2003, respectively. The quarter and year ended August 31, 2002 have been restated to include foreign exchange gains of $0.5 million and $0.2 million, ~~net~~respectively in the consolidated statement of (loss) income. Further information on the ~~write-off~~new accounting treatment of ~~related~~translation ~~deferred~~gains ~~finance~~and ~~fees.~~losses on long-term foreign currency denominated debt is given in note 4 to the consolidated financial statements.

~~Certain~~Consolidated ~~statements~~sales ~~contained~~improved in$10.1 ~~this~~million ~~report~~to ~~may~~$147.3 bemillion ~~construed~~for ~~as “forward—looking”~~the ~~statements~~year ~~within~~ended ~~the~~August ~~meaning~~31, of2003 ~~the~~from ~~United~~$137.2 ~~States~~million ~~federal~~at the ~~securities~~year ~~laws~~ended ~~and~~August ~~are~~31, ~~made~~2002. inAnnual ~~reliance~~EBITDA ~~upon~~was ~~the~~$23.9 ~~safe~~million ~~harbor~~at ~~provisions~~August of31, ~~the Private~~2003 ~~Securities~~versus ~~Litigation~~$17.9 ~~Reform~~million ~~Act~~for ofthe ~~1995~~year ended August 31, 2002. ~~Investors~~The ~~are~~improved ~~cautioned that~~EBITDA ~~such~~resulted ~~statements~~from ~~are~~$2.7 ~~only~~million ~~predictions~~in ~~and~~increased ~~speak~~gross ~~only~~profit, as$4.6 ofmillion ~~the~~in ~~date~~gains offrom ~~this~~subordinated ~~report.~~note Norepurchases ~~assurances~~and ~~can~~$1.9 bemillion ~~given~~in ~~that~~increased ~~actual~~exchange ~~results~~gains. ~~will~~Partially ~~not~~offsetting ~~differ materially~~these ~~from~~improvements ~~those~~was ~~projected~~$0.7 million in ~~the~~higher ~~forward-looking~~selling ~~statements~~and ~~contained~~administrative ~~in this~~expenses, ~~report~~$1.1 ~~Actual~~million ~~results~~in ~~may~~additional ~~also~~environmental ~~differ~~remediation ~~materially~~charges ~~due~~for tothe ~~risks and~~Cheshire ~~uncertainties~~Connecticut ~~which~~facility ~~are~~and ~~described~~a inreduction ~~the~~to ~~Company’s~~EBITDA ~~Registration~~of ~~Statement~~$1.4 ~~on Form 20-F,~~million asfor ~~filed with~~ the ~~Securities~~disposal ~~and~~of ~~Exchange~~capital ~~Commission~~assets onand ~~February 25, 2002~~European operations.

~~Table~~Net income for the year ended August 31, 2003 was $4.9 million, compared with a net loss of ~~Contents~~$4.4 million last year. The $9.3 million improvement in net income is attributed to the following principal factors. From fiscal 2002 to fiscal 2003 EBITDA improved $4.6 million after-tax. Due to the change in accounting treatment of goodwill previously mentioned, amortization expenses in fiscal 2003 were $4.4 million after-tax less than in fiscal 2002. Interest costs decreased by $1.2 million on a comparative after-tax year over year basis from fiscal 2002 to fiscal 2003. Partially offsetting the improvement in net income was the increased depreciation expense of $0.6 million after-tax as the result of the decision to reduce the estimated useful service lives of production equipment effective June 1, 2003.

~~ANCHOR~~2 ~~LAMINA INC. CONSOLIDATED STATEMENT OF INCOME (LOSS) (In Thousands of Canadian Dollars)~~

	Three Months Ended
	November 30,
	2002		2001
			(restated)
SALES	$	38,880		34,193
Cost of goods sold		27,406		24,273
GROSS PROFIT		11,474		9,920
Selling and administrative expenses		5,862		5,341
OPERATING EARNINGS BEFORE THE FOLLOWING		5,612		4,579
Depreciation and amortization		2,041		3,053
Loss on disposal of capital assets		10		—
Interest on long-term debt		2,238		2,313
Other interest		333		443
Loss on foreign exchange (note 4)		76		331
Loss on sale of European operations (note 2)		—		29
		4,698		6,169
INCOME (LOSS) BEFORE INCOME TAXES		914		(1,590	)
INCOME TAXES		199		(215	)
NET INCOME (LOSS)	$	715		(1,375	)

Management of the Company uses the measure Adjusted EBITDA (as disclosed in note 10 to the consolidated financial statements) to monitor and evaluate operational performance of the Company and its operating segments. Adjusted EBITDA is also presented as it is commonly used by certain investors to analyze and compare operating performance and to determine a company’s ability to service and/or incur debt. However, Adjusted EBITDA should not be considered in isolation or as a substitute for net income, cash flows or other income or cash flow data prepared in accordance with generally accepted accounting principles or as a measure of a company’s profitability or liquidity.

~~(See~~Some ~~accompanying~~of ~~notes)~~the statements in this report are forward-looking statements, including statements regarding our future performance, the accuracy of which is necessarily subject to risks and uncertainties. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company or its management or officers, including statements preceded by, followed by or including forward-looking terminology such as “may”, “will”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “continue”, “predict”, or similar expressions, with respect to various matters.

~~Table~~It is important to note that the Company’s actual results could differ materially from those anticipated from the forward-looking statements depending on various important factors. These important factors include potential disruption in the Company’s supply of ~~Contents~~steel, potential increases in steel prices, the Company’s dependence on the automotive industry, exchange rate fluctuations, the Company’s substantial leverage, operating and financial restrictions under the Company’s debt agreements, potential environmental liabilities, the potential development of alternative technologies to form metal and plastic parts, substantial competition in the die set industry, the adverse effects of a change in control of the Company, and the risks and uncertainties described in the Company’s Annual Report on Form 20-F for the year ended August 31, 2002.

~~ANCHOR~~All ~~LAMINA INC.~~forward-looking ~~CONSOLIDATED~~statements ~~STATEMENTS~~in OFthis ~~DEFICIT (In~~report ~~Thousands~~are based on information available to the Company on the date of ~~Canadian~~this ~~Dollars)~~report. The Company does not undertake to update any forward-looking statements that may be made by it or on its behalf in this report or otherwise.

	Three Months Ended
	November 30,
	2002			2001
DEFICIT, BEGINNING OF YEAR, AS PREVIOUSLY REPORTED	$	(9,823	)		(5,322	)
Change in accounting policy (note 3)		(64,012	)		—
Change in accounting policy (note 4)		(608	)		(710	)
DEFICIT, BEGINNING OF PERIOD AS RESTATED		(74,443	)		(6,032	)
Net income (loss)		715			(1,375	)
DEFICIT, END OF PERIOD	$	(73,728	)		(7,407	)

~~(See~~ANCHOR ~~accompanying~~LAMINA ~~notes)~~ INC.

~~Table~~CONSOLIDATED ofSTATEMENTS ~~Contents~~OF (LOSS) INCOME

~~ANCHOR LAMINA INC. CONSOLIDATED BALANCE SHEETS~~ (In Thousands of Canadian Dollars)

			November 30				August 31
		Three Months EndedAug 31,							Twelve Months EndedAug 31,
			2002				2002
		2003				2002			2003		2002
							(restated)
						(restated - seenote 4)					(restated - seenote 4)
	CURRENT ASSETS
SALES		$	34,124			35,764			147,320		137,234
	Accounts receivable		$	28,665				25,683
Cost of goods sold			24,307			25,021			104,995		97,681
	Loans receivable — sale of European operations (note 2)			7,425				7,252
GROSS PROFIT			9,817			10,743			42,325		39,553
	Loans receivable — shareholders			241				241
Selling and administrative expenses			5,290			6,096			22,821		22,173
	Inventories			15,124				15,444
Loss (gain) on disposal of capital assets (note 6)			39			367			206		(997	)
	Prepaid expenses			717				971
Plant closure and related environmental expenses (note 7)			986			—			1,137		—
				52,172				49,591
Gain on early extinguishment of debt (note 8)			81			—			(4,734	)	—
	LOANS RECEIVABLE — SHAREHOLDERS			108				108
Write-off of deferred finance fees (note 8)			—			—			166		—
	CAPITAL ASSETS			97,275				98,693
Loss (gain) on foreign exchange (note 4)			114			404			(1,601	)	295
	GOODWILL AND DEFERRED CHARGES (notes 3 and 4)			2,757				66,006
Loss on sale of European operations (note 2)			—			66			383		155
			$	152,312				214,398
			6,510			6,933			18,378		21,626
	CURRENT LIABILITIES
EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION			3,307			3,810			23,947		17,927
	Bank indebtedness		$	12,118				14,905
Depreciation and amortization			2,541			2,505			8,463		11,649
	Accounts payable			9,879				9,378
Interest on long-term debt			1,866			2,037			8,129		8,939
	Accrued liabilities			10,471				8,063
Other interest			(36	)		614			812		1,775
	Income taxes payable			932				797
			4,371			5,156			17,404		22,363
	Current portion of long-term debt			712				4,650
(LOSS) INCOME BEFORE INCOME TAXES			(1,064	)		(1,346	)		6,543		(4,436	)
				34,112				37,793
INCOME TAXES			(602	)		283			1,601		(36	)
	LONG-TERM DEBT			94,477				89,831
NET (LOSS) INCOME		$	(462	)		(1,629	)		4,942		(4,400	)
	FUTURE INCOME TAXES			571				372
CONTINGENCIES (note 5)
	SHAREHOLDERS’ EQUITY
	Share capital			91,860				91,860
	Contributed surplus			1,665				1,665
	Deficit			(73,728	)			(10,431	)
	Cumulative translation adjustments			3,355				3,308
				23,152				86,402
			$	152,312				214,398

(See accompanying notes)

~~Table~~ANCHOR ofLAMINA ~~Contents~~INC.

~~ANCHOR LAMINA INC.~~ CONSOLIDATED STATEMENTS OF ~~CASH~~DEFICIT ~~FLOWS (In Thousands of Canadian Dollars)~~

		Three Months Ended
		November 30,
		2002			2001
					(restated)
NET INFLOW (OUTFLOW) OF CASH RELATED TO THE FOLLOWING ACTIVITIES:
OPERATING
Net income (loss)		$	715			(1,375	)
Adjustments for:
	Depreciation and amortization		2,041			3,053
	Loss on disposal of capital assets		10			—
	Loss on sale of European operations (note 2)		—			29
	Long-term debt exchange expense (note 4)		93			346
	Future income tax expense (recovery)		215			(253	)
			3,074			1,800
Net change in non-cash working capital			377			1,402
			3,451			3,202
INVESTING
Purchase of capital assets			(202	)		(487	)
Proceeds on disposal of capital assets			35			—
			(167	)		(487	)
FINANCING
Decrease in bank indebtedness			(2,787	)		(1,146	)
Long-term debt incurred (note 6)			5,000			—
Repayment of long-term debt			(4,650	)		(1,569	)
Deferred financing fees			(847	)		—
			(3,284	)		(2,715	)
CHANGE IN CASH AND CASH EQUIVALENTS			—			—
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD			—			—
CASH AND CASH EQUIVALENTS, END OF PERIOD		$	—			—

(In Thousands of Canadian Dollars)

(See accompanying notes)

	Three Months Ended Aug 31,					Twelve Months Ended Aug 31,
	2003			2002		2003		2002
DEFICIT, BEGINNING OF PERIOD, AS PREVIOUSLY REPORTED	$	(69,040	)	(8,803	)	(9,824	)	(5,322	)
Change in accounting policy (note 4)		—		—		(608	)	(710	)

DEFICIT, BEGINNING OF PERIOD AS RESTATED		(69,040	)	(8,803	)	(10,432	)	(6,032	)
Change in accounting policy (note 3)		—		—		(64,012	)	—
Net (loss) income		(462	)	(1,629	)	4,942		(4,400	)

DEFICIT, END OF PERIOD	$	(69,502	)	(10,432	)	(69,502	)	(10,432	)

~~Table~~(See ofaccompanying notes) ~~Contents~~

ANCHOR LAMINA INC. ~~NOTES~~ ~~TO CONSOLIDATED FINANCIAL STATEMENTS (In Thousands of Canadian Dollars)~~

~~(1) The~~CONSOLIDATED ~~consolidated~~BALANCE ~~interim~~SHEETS financial statements have been prepared in accordance with Canadian generally accepted accounting principles and follow the same accounting policies and methods as were used in the August 31, 2002 annual financial statements, except for the changes in accounting policy outlined in notes 3 and 4.

(~~2) Effective~~In ~~May 31,~~Thousands ~~2001 the Company sold its business interests and operations at Mahlberg and Ludenscheid, Germany, and its distribution interests in France and the Czech Republic. The purchaser was Milacron~~ of ~~Cincinnati,~~Canadian ~~Ohio through its operating division D-M-E. The Company maintains ownership of the Chemnitz, Germany steel plate and die set facilities and operations. The purchase price was $33,288 (Euro 25,090~~Dollars) consisting of $26,331 (Euro 20,145) cash, loans receivable guaranteed by the purchaser of $719 (Euro 511) repaid January 1, 2002, and $3,180 (Euro 2,045) due January 1, 2003 and a closing balance sheet estimated purchase price adjustment of $3,713 (Euro 2,389) (See note 7). The Company used the cash proceeds to reduce debt. The operations sold had a book value of $28,543 (Euro 21,837). Transaction costs were $1,755 (Euro 1,297). Including a realized exchange loss of $3,035 (Euro 2,243) on related intercompany debt, the transaction resulted in a loss on sale of $389 (Euro 287) recorded in the year ended August 31, 2001. The additional loss on sale recorded in fiscal 2002 of $155 (Euro 108) related to professional fees. Interest accrues at 6% per annum on the loans receivable and 5% per annum on the closing balance sheet purchase price adjustment. At November 30, 2002, loans receivable include $532 (Euro 342) of interest (2001 — $108 (Euro 77)).

(3) In September 2001, the Canadian Institute of Chartered Accountants (CICA) issued Handbook section 3062, Goodwill and Other Intangible Assets. Goodwill represents the excess of the purchase price paid over the fair value of net identifiable assets acquired. This pronouncement significantly changes the accounting for goodwill and intangible assets and states that goodwill and indefinite lived intangible assets are no longer amortized but are reviewed for impairment annually (or more frequently if impairment indicators arise). Separable intangible assets that are not deemed to have an indefinite life will continue to be amortized over their useful lives. The amortization provisions of the pronouncement apply to goodwill and intangible assets acquired prior to July 1, 2001. Companies are required to adopt the pronouncement in their fiscal year beginning after January 1, 2002. The Company adopted CICA Handbook section 3062 on September 1, 2002. Upon adoption of this pronouncement, the Company ceased amortization of goodwill with a net carrying amount of $64,012 and annual amortization of approximately $4,344. Goodwill is written down when there has been a permanent impairment in the value of the goodwill. A permanent impairment in goodwill is determined by comparing the fair value of each reporting unit to the value of its other assets and goodwill. Based on management’s evaluation under the transitional impairment test in this new pronouncement, the Company has recorded a non-cash charge of $64,012 to write-off the net carrying amount of the Company’s goodwill in the first quarter of fiscal 2003. The impairment loss has been recognized as the effect of a change in accounting policy and charged to the September 1, 2002 deficit without restatement of comparative figures.

	Aug 31 2003			August 31 2002
				(restated - see note 4)
CURRENT ASSETS
Accounts receivable	$	25,664		25,683
Loans receivable - sale of European operations (note 2)		—		7,252
Loans receivable - shareholders		35		241
Inventories		12,828		15,444
Prepaid expenses		1,002		971

		39,529		49,591

LOANS RECEIVABLE - SHAREHOLDERS		23		108
CAPITAL ASSETS		90,133		98,693
GOODWILL AND DEFERRED CHARGES (notes 3 and 4)		2,622		66,006

	$	132,307		214,398

CURRENT LIABILITIES
Bank indebtedness	$	7,379		14,905
Accounts payable		7,102		9,378
Accrued liabilities		8,862		8,063
Income taxes payable		526		797
Current portion of long-term debt		1,648		4,650

		25,517		37,793

LONG-TERM DEBT		74,674		89,832
FUTURE INCOME TAXES		2,614		372
CONTINGENCIES (note 5)
SHAREHOLDERS’ EQUITY
Share capital		90,658		91,860
Contributed surplus		2,424		1,665
Deficit		(69,502	)	(10,432	)
Cumulative translation adjustments		5,922		3,308

		29,502		86,401

	$	132,307		214,398

(~~4) In~~See ~~December 2001, the CICA amended Handbook section 1650, Foreign Currency Translation, to eliminate the requirement~~accompanying of deferring and amortizing unrealized translation gains and losses on foreign currency denominated monetary items that have a fixed or ascertainable life extending beyond the end of the fiscal year following the current reporting period. The amendment requires companies to record exchange gains or losses in earnings in the current reporting period and to separately disclose exchange gains and losses. Any change necessary to apply the new requirements is required to be recognized retroactively and disclosed as a change in accounting policy with restatement of comparative figures. The Company adopted the new requirements on September 1, 2002 and the financial statements of prior periods have been restated to reflect the effects of this change in accounting policy. Upon adoption of the new requirements, the Company ceased amortization of the deferred foreign exchange loss arising from the translation of U.S. denominated subordinated notes payable with a net book value of $875 at August 31, 2002. As a result of adopting the change in accounting policy, the September 1, 2002 deficit was increased by $608 ($875 less future income taxes of $267) and the September 1, 2001 deficit was increased by $710 ($1,021 less future income taxes of $311). Exchange expense on long-term debt included in the Consolidated Statements of Income (Loss) is $93 (2002 — $346).

~~Table~~ANCHOR ofLAMINA ~~Contents~~INC.

~~ANCHOR LAMINA INC. NOTES TO~~ CONSOLIDATED ~~FINANCIAL~~ STATEMENTS ~~(continued) (In~~OF ~~Thousands~~CASH ofFLOWS ~~Canadian Dollars)~~

(5In Thousands of Canadian Dollars) ~~Contingencies~~

Certain metals and chemical contamination has been found at one of the Company’s former die set manufacturing facilities located in Cheshire, Connecticut. The Company is proceeding with delineation testing that, together with current State and Federal regulations, will determine the nature and extent of any required remediation of the site. The Company has recorded a liability of $1,958 (2001 — $2,097) to pay for estimated remediation costs and professional fees. The liability is based on reports from environmental consulting firms.

	Three Months Ended Aug 31,					Twelve Months Ended Aug 31,
	2003			2002		2003		2002
				(restated - see note 4)				(restated - see note 4)
NET INFLOW (OUTFLOW) OF CASH RELATED TO THE FOLLOWING ACTIVITIES:
OPERATING
Net (loss) income	$	(462	)	(1,629	)	4,942		(4,400	)
Adjustments for:
Depreciation and amortization		2,541		2,505		8,463		11,649
Loss (gain) on disposal of capital assets (note 6)		39		367		206		(997	)
Gain on early extinguishment of debt (note 8)		81		—		(4,734	)	—
Write-off of deferred finance fees (note 8)		—		—		166		—
Loss on sale of European operations (note 2)		—		66		383		155
Unrealized exchange loss (gain) on long-term debt (note 4)		186		450		(2,281	)	159
Future income tax (recovery) expense		(212	)	205		1,851		(434	)

		2,173		1,964		8,996		6,132
Net change in non-cash working capital		(386	)	(928	)	312		(605	)

		1,787		1,036		9,308		5,527

INVESTING
Purchase of capital assets		(2,193	)	(2,790	)	(3,552	)	(4,862	)
Proceeds on disposal of capital assets (note 6)		43		106		152		5,491
Repayment of loans receivable - sale of European operations (note 2)		—		—		7,315		719

		(2,150	)	(2,684	)	3,915		1,348

FINANCING
Increase (decrease) in bank indebtedness		727		2,334		(7,526	)	(2,835	)
Long-term debt incurred (note 9)		—		—		5,120		—
Repayment of long-term debt		(168	)	(521	)	(8,887	)	(3,875	)
Repurchase of share capital for cancellation		—		—		(193	)	—
Deferred financing fees		(196	)	(165	)	(1,737	)	(165	)

		363		1,648		(13,223	)	(6,875	)

CHANGE IN CASH AND CASH EQUIVALENTS		—		—		—		—
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		—		—		—		—

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		—		—		—

~~From~~(See ~~time to time, as is common in the industry, the Company is the subject of litigation. In the opinion of management,~~accompanying ~~any~~notes) ~~litigation outstanding, if successful, would not have a material impact on the financial statements.~~

~~(6) New~~ANCHOR ~~credit~~LAMINA ~~facility~~ INC.

OnNOTES ~~November 12,~~TO ~~2002,~~CONSOLIDATED ~~the~~FINANCIAL ~~Company~~STATEMENTS ~~refinanced its credit facility. The new credit facility provides for borrowings in the aggregate amount of $50,000 and is composed of:~~

(~~a) A~~In ~~$30,000~~Thousands ~~revolving credit facility subject to a borrowing base~~ of ~~allowable~~Canadian ~~accounts~~Dollars) ~~receivable and inventories maturing on November 14, 2005.~~

(b1) ~~Term~~ ~~loans~~The ofconsolidated ~~$20,000,~~interim ~~$5,000~~financial ~~drawn~~statements ~~immediately~~have been prepared in accordance with Canadian generally accepted accounting principles and ~~$15,000~~follow ~~available~~the ~~for~~same ~~certain~~accounting ~~restricted~~policies ~~purposes.~~and ~~The~~methods ~~term~~as ~~loans mature~~were onused ~~November 14~~in the August 31, ~~2005~~2002 ~~with~~annual ~~principal~~financial ~~repayments~~statements, ~~commencing~~except ~~immediately~~for ~~based~~the ~~upon~~changes ain ~~seven~~accounting ~~year~~policy ~~amortization~~outlined in notes 3 and 4.

(2) Effective May 31, 2001 the Company sold its business interests and operations at Mahlberg and Ludenscheid, Germany, and its distribution interests in France and the Czech Republic. The purchaser was Milacron of Cincinnati, Ohio through its operating division D-M-E. In 2003 the Company received $7,315 (Euro 4,568) ~~Subsequent~~ ~~events~~as full and final settlement of the balance of payment due from the purchaser which resulted in an additional loss on sale of the European operations of $383 (Euro 241).

(3) In ~~December~~September ~~2002~~2001, the ~~Company~~Canadian ~~repurchased~~Institute ~~$3,308~~of Chartered Accountants ($2CICA) issued Handbook section 3062,~~100~~ UGoodwill and Other Intangible Assets.~~S.)~~ Goodwill represents the excess of ~~its~~the ~~subordinated~~purchase ~~notes~~price ~~payable~~paid over the fair value of net identifiable assets acquired. This pronouncement significantly changes the accounting for ~~$1,274~~goodwill and intangible assets and states that goodwill and indefinite-lived intangible assets are no longer amortized but are reviewed for impairment annually (~~$809~~or Umore frequently if impairment indicators arise).S Separable intangible assets that are not deemed to have an indefinite life will continue to be amortized over their useful lives.) The ACompany ~~gain~~adopted CICA Handbook section 3062 on ~~early~~September ~~extinguishment~~1, 2002. Upon adoption of ~~debt~~this pronouncement, the Company ceased amortization of goodwill with a net carrying amount of $64,012 and annual amortization of approximately $24,~~034~~344. ~~will~~The new pronouncement requires goodwill to be ~~recorded~~written indown ~~the~~when ~~second~~there ~~quarter~~has ofbeen ~~fiscal~~a ~~2003~~permanent impairment in its value. ~~This~~A ~~gain~~ permanent impairment in goodwill is ~~reduced~~determined by ~~deferred~~comparing ~~financing~~the ~~fees~~fair value of ~~$67~~each ~~incurred~~reporting unit to the value of its other assets and goodwill. Based on management’s evaluation under the transitional impairment test in ~~connection~~this ~~with~~new pronouncement, the ~~original~~Company ~~issuance~~has recorded a non-cash charge of $64,012 to write-off the ~~repurchased~~net ~~notes~~carrying ~~that~~amount ~~have~~of the Company’s goodwill in the first quarter of fiscal 2003. The impairment loss has been ~~written~~recognized ~~off~~as the effect of a change in accounting policy and charged to the September 1, 2002 deficit without restatement of comparative figures.

~~The~~(4) ~~Company~~In ~~has~~December ~~loans~~2001, ~~receivable~~the ~~from~~CICA amended Handbook section 1650, Foreign Currency Translation, to eliminate the ~~sale~~requirement of ~~its~~deferring ~~European~~and ~~operations~~amortizing ~~(note~~unrealized 2)translation gains and losses on foreign currency denominated monetary items that have a fixed or ascertainable life extending beyond the end of the fiscal year following the current reporting period. The ~~amounts~~amendment ~~outstanding~~requires ~~from~~companies to record exchange gains or losses in earnings in the ~~sale~~ ~~were~~current ~~under~~reporting ~~dispute~~period and to separately disclose exchange gains and losses. InAny ~~December~~change ~~2002,~~necessary to apply the ~~Company~~new requirements is required to be recognized retroactively and ~~the~~disclosed ~~purchaser~~as a change in accounting policy with restatement of ~~its~~comparative ~~European~~figures. ~~operations,~~The ~~D-M-E,~~Company ~~agreed~~adopted the new requirements on ~~a final~~September ~~settlement~~1, of2002 and the ~~outstanding~~financial ~~balance~~statements of prior periods have been restated to reflect the ~~purchase~~effects ~~price~~of this change in accounting policy. ~~The~~Upon ~~final~~adoption ~~settlement~~of the new requirements, the Company ceased amortization of the ~~outstanding~~deferred ~~purchase~~foreign ~~price~~exchange loss arising from the translation of U.S. denominated subordinated notes payable with a net book value of $~~7,320~~875 ~~(Euro~~at 4August 31,~~568)~~ ~~has~~2002. ~~been~~As ~~received~~a byresult of adopting the ~~Company.~~change Ain ~~further~~accounting ~~loss~~policy, onthe ~~sale~~September 1, 2002 deficit was increased by $608 ($875 less future income taxes of $267) and the ~~European~~September ~~operations~~1, of2001 ~~approximately~~deficit was increased by $710 ($~~370~~1,021 ~~(Euro~~less ~~238~~future income taxes of $311). ~~will~~Exchange beloss ~~recorded~~(gain) on long-term debt included in the ~~second~~Consolidated ~~quarter~~Statements of ~~fiscal~~(Loss) Income for the quarter ended August 31, 2003. is $186 (2002 - $450) and for the year ended August 31, 2003 is ($2,281) (2002 - $159).

~~Table~~ANCHOR ofLAMINA ~~Contents~~INC.

~~ANCHOR LAMINA INC.~~ NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) ~~(In~~ ~~Thousands of Canadian Dollars)~~

(8)In ~~The~~Thousands ~~Company~~of Canadian conducts its operations through three principal operating segments: North American Die Set, Lamina Components, and Anchor Lamina GmbH in Europe. The following tables set forth information about segment revenue and earnings before interest, taxes, depreciation and amortization (EBITDADollars).

Three months ended November 30, 2002
	North American		Lamina		European		Inter-Segment
	Die Set		Components		Segment		Eliminations			Total
Revenue from external customers	$	27,399	$	11,259	$	3,305	$	(3,083	)	$	38,880
Segment EBITDA		3,414		1,640		558					5,612

(5) Contingencies

Three months ended November 30, 2001
	North American		Lamina		European		Inter-Segment
	Die Set		Components		Segment		Eliminations			Total
Revenue from external customers	$	22,632	$	11,557	$	2,595	$	(2,591	)	$	34,193
Segment EBITDA		2,216		2,014		349					4,579

Certain metals and chemical contamination has been found at one of the Company’s former die set manufacturing facilities located in Cheshire, Connecticut. The Company is proceeding with delineation testing that, together with current State and Federal regulations, will determine the nature and extent of any required remediation of the site. The Company has recorded a liability of $2,566 (August 31, 2002 - $1,958) to pay for estimated remediation costs and professional fees. The liability is based on reports from environmental consulting firms.

~~Reconciliation~~From oftime ~~total~~to ~~reportable~~time, ~~operating~~as ~~segment~~is ~~EBITDA~~common toin the industry, the Company’s ~~consolidated~~is ~~loss~~the ~~before~~subject ~~income~~of ~~taxes~~litigation. isIn asthe ~~follows:~~opinion of management, any litigation outstanding, if successful, would not have a material impact on the financial statements.

	Three Months Ended
	November 30,
	2002			2001
				(restated)
Total EBITDA for reportable segments	$	5,612		$	4,579
Depreciation and amortization		(2,041	)		(3,053	)
Loss on disposal of capital assets		(10	)		—
Interest on long term debt		(2,238	)		(2,313	)
Other interest		(333	)		(443	)
Loss on foreign exchange		(76	)		(331	)
Loss on sale of European operations (note 2)		—			(29	)
Total consolidated income (loss) before income taxes	$	914		$	(1,590	)

(6) On March 15, 2002 the land and buildings in Ludenscheid, Germany were sold for proceeds of $5,351 (Euro 3,794), resulting in a gain on sale of $1,402 (Euro 977) . In September and October, 2002 the Company repaid $3,851 of the term loan from the sale proceeds.

(7) During the year ended August 31, 2003, the Company expensed $993 (2002 - nil) for estimated remediation costs and professional fees for the removal of certain metals and chemical contamination at its Cheshire, Connecticut facility (See Note 5). During the year ended August 31, 2000, the Company closed its Cheshire, Connecticut die set manufacturing facility and terminated or relocated all employees of the closed facility. An additional provision for employee benefits of $144 was recorded in 2003

(8) During the year ended August 31, 2003, the Company repurchased $8,453 ($5,600 U.S.) of its subordinated notes payable for $3,719 ($2,452 U.S.). This resulted in a gain on early extinguishment of debt of $4,734. This gain is reduced by deferred financing fees of $166 incurred in connection with the original issuance of the repurchased notes that have been written off.

(9) Senior credit facility

At August 31, 2003, the Company had available a revolving credit facility to the lesser of $30,000 and an amount calculated under the terms of the senior lending loan and security agreement known as the borrowing base of $20,250. At August 31, 2003, the Company borrowed $8,432 under this facility.

At August 31, 2003, the Company had an unused term facility of $14,345 available for certain restricted purposes. The availability of this facility is reduced by $535 per quarter.

All term loans and credit facilities expire on November 14, 2005.

Under the terms of the senior lending loan and security agreement, the Company is required to make accelerated repayments on the outstanding term loans based on a calculation known as excess cash flow. Based on 2003 results, the excess cash flow calculation will require the Company to make additional principal repayments of approximately $1,096 by December 5, 2003.

ANCHOR LAMINA INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(In Thousands of Canadian Dollars)

(10) The Company conducts its operations through three principal operating segments: North American Die Set, Lamina Components and European. The following tables set forth information about segment revenue and income before depreciation and amortization, loss (gain) on disposal of capital assets, interest, plant closure and related environmental expenses, gain on early extinguishment of debt, write-off of deferred finance fees, (loss) gain on foreign exchange, loss on sale of European operations and

income taxes (Adjusted EBITDA).

	Three months ended August 31, 2003
	North American Die Set		Lamina Components		European Segment		Inter-Segment Eliminations			Total
Revenue from external customers	$	23,005	$	9,922	$	3,525	$	(2,328	)	$	34,124
Segment Adjusted EBITDA		2,711		1,242		574					4,527

	Three months ended August 31, 2002
	North American Die Set		Lamina Components		European Segment		Inter-Segment Eliminations			Total
Revenue from external customers	$	25,280	$	10,669	$	2,713	$	(2,898	)	$	35,764
Segment Adjusted EBITDA		2,791		1,801		55					4,647

	Twelve months ended August 31, 2003
	North American Die Set		Lamina Components		European Segment		Inter-Segment Eliminations			Total
Revenue from external customers	$	101,904	$	42,738	$	13,683	$	(11,005	)	$	147,320
Segment Adjusted EBITDA		11,827		5,596		2,081					19,504

	Twelve months ended August 31, 2002
	North American Die Set		Lamina Components		European Segment		Inter-Segment Eliminations			Total
Revenue from external customers	$	92,660	$	44,923	$	10,411	$	(10,760	)	$	137,234
Segment Adjusted EBITDA		9,291		7,027		1,062					17,380

Reconciliation of total reportable operating segment Adjusted EBITDA to the Company’s consolidated (loss) income before income taxes is as follows:

	Three Months Ended Aug 31,						Twelve Months Ended Aug 31,
	2003			2002			2003			2002
				(restated - see note 4)						(restated -see note 4)
Total Adjusted EBITDA for reportable segments	$	4,527		$	4,647		$	19,504		$	17,380
Depreciation and amortization		(2,541	)		(2,505	)		(8,463	)		(11,649	)
(Loss) gain on disposal of capital assets		(39	)		(367	)		(206	)		997
Interest on long term debt		(1,866	)		(2,037	)		(8,129	)		(8,939	)
Other interest		36			(614	)		(812	)		(1,775	)
Plant closure and related environmental expenses (note 7)		(986	)		—			(1,137	)		—
Gain on early extinguishment of debt (note 8)		(81	)		—			4,734			—
Write-off of deferred finance fees (note 8)		—			—			(166	)		—
(Loss) gain on foreign exchange		(114	)		(404	)		1,601			(295	)
Loss on sale of European operations (note 2)		—			(66	)		(383	)		(155	)

Total consolidated (loss) income before income taxes	$	(1,064	)	$	(1,346	)	$	6,543		$	(4,436	)

Filing Compare · ANCHOR LAMINA INC