SwissInfo

CONSOLIDATED FINANCIALSTATEMENTS
BarryCallebaut
Annual Report2010/11
The segment Global Sourcing &Cocoa is responsible for the procurement of ingredients for
chocolate production (mainly cocoa; sugar,dairy and nuts are also common ingredients) and
the Group’scocoa processing business.Most of the revenues of Global Sourcing &Cocoa are
generated with the other segments of the Group.The business conducted in the regions consists
of chocolate production related to the Product Groups “Food Manufacturers Products”
focusing on industrial customers and “Gourmet &Specialties Products” focusing on products
for artisans and professional users of chocolate such as chocolatiers,pastry chefs or bakers as
well as products for vending machines.
The revenues generated by Global Sourcing &Cocoa with other segments are conducted on
an arm’s length basis and some of its operational profits are consequently allocated to the
Regions which act as major customers of Global Sourcing &Cocoa.
Segment revenue, segment results (operating profit EBIT) and segment assets correspond
to the Group’s consolidated financial statements.Financial income and expense,the Group’s
interest in the profit ofassociates and joint ventures accounted by the equity method and
income taxes are not allocated to the respective segment for internal management purposes.
These items can be found below in the reconciliation of the EBIT to the net profitfor the year.
Thesegment reporting no longer includes the discontinued operations related to the Group’s
European Consumer Products business. Consequently, also the prior-year figures related to
the income statement have been restated for the regions affected (mainly Europe). In
accordance with IFRS5,the information related to the balance sheet have not been restated.
Detailed disclosures related to the discontinued operations can be found in note 26.
The following table shows the reconciliation of EBIT to net income for the year as reported
in the Consolidated Income Statement:
Reconciliation of EBIT to net profit for the year
in thousands of CHF 2010/11 2009/10 1
Operating profit 360,558 341,100
Financial income 1,359 2,021
Financial expense (74,415) (72,997)
Result from investments in associates and jointventures 1,168 (225)
Profitbeforeincome taxes 288,670 269,899
Income tax expenses (29,786) (32,447)
Net profitfromcontinuing operations 258,884 237,452
Net result from discontinued operations,net of tax (82,134) 14,291
Net profitfor the year 176,750 251,743
1 Certain comparatives have been restated to conform with the current period’s presentation.
See discontinued operations –note 26.
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