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CONSOLIDATED FINANCIALSTATEMENTS<br />
BarryCallebaut<br />
Annual Report2010/11<br />
Result and cash flow ofthe discontinued operations<br />
in thousands of CHF 2010/11 2009/10<br />
Revenue from sales and services 642,027 723,529<br />
Operating expenses¹ (631,725) (694,220)<br />
Operating result beforeimpairmentonassets and disposal costs 10,302 29,309<br />
Impairmentofassets 2 (59,161)<br />
Transaction and separation costs (16,776) –<br />
Operating result (EBIT) (65,635) 29,309<br />
Financial items (10,970) (10,123)<br />
Income taxes (5,527) (4,895)<br />
Net result from discontinued operations (82,132) 14,291<br />
Earnings per sharefromdiscontinued operations<br />
Basic earnings per share(CHF/share) (15.90) 2.76<br />
Diluted earnings per share(CHF/share) (15.84) 2.76<br />
Cash flowsfromdiscontinued operations 4,013 42<br />
Net cash flow from operating activities 21,847 20,470<br />
Net cash flow from investing activities (8,424) (9,993)<br />
Net cash flow from financing activities (9,410) (10,435)<br />
1 Includes depreciation and amortization of CHF 20.6 million (2009/10: CHF 26.8 million)<br />
2 Impairment of assets relates to the write down of goodwill (incl. CHF 12.0 million translation effects accumulated<br />
since acquisition) as aresult of the impairment test, as well as some other impairments recorded as aconsequence<br />
of the sale and purchase agreement signed for the discontinued European Consumer Products business<br />
Assets held for sale and liabilities directly associated with assets held for sale<br />
in thousands of CHF 2010/11<br />
Total currentassets 120,577<br />
Property,plantand equipment 101,551<br />
Intangible assets 6,297<br />
Other non-currentassets 7,416<br />
Total non-currentassets 115,264<br />
Total assets held forsale 235,841<br />
Short-term debt 98,366<br />
Other currentliabilities 76,839<br />
Total currentliabilities 175,205<br />
Employeebenefitobligations 45,231<br />
Other non-currentliabilities 2,073<br />
Total non-currentliabilities 47,304<br />
Total liabilities directly associated with assets held forsale 222,509<br />
As of August 31, 2011, receivables in the net amount of CHF 18.0 million related to the<br />
discontinued operations were sold under the Group’s asset-backed securitization program.<br />
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