12 March 2014
Siim Kaevats, Avonmore
Siim Kaevats, Avonmore
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JOINT VENTURES & ASSOCIATES RECONCILIATION<br />
Joint Ventures & Associates - Reconciliation of EBITA to share of results<br />
€m 2013 20<strong>12</strong><br />
EBITA of Joint Ventures & Associates 39.0 37.9<br />
Reversal of pro-forma adjustment for GIIL 1 - (14.8)<br />
Reported EBITA 39.0 23.1<br />
Amortisation (0.3) -<br />
Finance costs (4.2) (5.3)<br />
Income tax (8.0) (5.7)<br />
Share of results as reported in the Income Statement 26.5 <strong>12</strong>.1<br />
1. Glanbia disposed of a 60% interest in Glanbia Ingredients Ireland Limited (“GIIL”) in November 20<strong>12</strong>. GIIL is now a 40% associate of the Group. 20<strong>12</strong> EBITA of Joint Ventures & Associates<br />
includes a pro forma adjustment to reflect GIIL as a 40% associate of the Group for the full year 20<strong>12</strong>.<br />
2013 FULL YEAR RESULTS<br />
www.glanbia.com 32
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