Annual Report - Bega Cheese

Financial Statements
Period Ended 30 June 2010
Statements of of Comprehensive Changes in Equity Income
Statements of of Comprehensive Changes of Changes in Equity Income in Equity
Contributed Capital Hedging Consolidated
Retained Non- Company
Total
equity profits reserve reserve controlling
2010 2009 2010 2009
reserves
interests
Notes $'000 $'000 $'000 $'000
Notes $'000 $'000 $'000 $'000 $'000 $'000
Revenue from continuing operations 3 829,029 797,939 564,793 503,695
Consolidated
Cost of sales (737,145) (727,346) (517,864) (456,674)
Balance as at 1 July 2008 24,796 40,636 2,865 61,655 41,131 171,083
Gross
Adjustment
profit for prior period 20 - (6,745)
91,884 -
70,593 4,115
46,929 (1,125)
47,021
(3,755)
Other Restated income total equity at the
Distribution beginning of expense the financial
3 8,106
(24,016)
10,628
(20,012)
8,652
(13,056)
14,471
(10,249)
Marketing year expense 24,796 33,891 (8,085) 2,865 (7,509) 65,770 (7,341) 40,006 167,328 (6,255)
Occupancy expense (2,358) (2,878) (1,727) (1,804)
Administration Total comprehensive expense income
(27,007) (23,125) (10,236) (10,997)
Finance for the year costs as reported in the
Impairment 2009 financial of goodwill statements
-
4
12 -
(10,120) (2,535) -
(9,036)
(3,615) 10,671
(6,689) (2,138) -
(4,467)
(3,615)
5,998
Discount Adjustment on for acquisition prior period of business 20 - - - - 8,730 678 292 - 8,730
970
Profit Restated before total regional milk price premium 28,404 23,776 16,532 32,835
comprehensive income for
Regional the year milk price premium - -
(6,605) (2,535)
(11,771) 11,349
(6,605) (1,846)
(11,771)
6,968
Profit before income tax 21,799 12,005 9,927 21,064
Transactions with owners in
Income
their capacity
tax benefit/(expense) as owners
5 1,468 (1,705) (2,620) (3,587)
Profit for the year Contributions of equity 19 14 -
23,267 -
10,300 -
7,307 -
17,477
14
Dividends provided for or paid 21 - - - (2,479) (4,577) (7,056)
Profit is attributable to:
Transactions
Equity holders with noncontrolling
of Bega Cheese Limited 18,223 11,350 7,307 17,477
Non-controlling interest
interests - -
5,044 -
(1,050) 1,762 (2,067)
- (305)
-
Balance as at 30 June 2009 24,810 33,891
23,267 330
10,300 76,402 31,516
7,307 166,949
17,477
Balance as at 1 July 2009 24,810 33,891 330 76,402 31,516 166,949
Other comprehensive income
Total Cash comprehensive flow hedges income
for the Available year for sale financial assets - 68
(3,300) (2,382) 98
(3,332) 18,223 -
(242) 4,156 -
(679)
20,065-
Total Transactions other comprehensive with owners income Total their comprehensive capacity as owners income for the year
(3,202)
20,065
(3,332)
6,968
(242)
7,065
(679)
16,798
Contributions of equity 19 2,353 - - - - 2,353
Total
Dividends
comprehensive provided for
income or paid
for the 21
year
- - - (1,737) (4,074) (5,811)
is Transactions attributable with to:
noncontrolling
Equity holders interest of Bega Cheese Limited - - 15,909 - 8,814 - 7,065 (5,940) 16,798
(5,940)
Non-controlling interests 4,156 (1,846) - -
Balance as at 30 June 2010 27,163 33,959 (2,052) 92,888 25,658 177,616
20,065 6,968 7,065 16,798
The above Statements statements of Comprehensive Changes in Equity Income should should be read be in read conjunction in conjunction with the with accompanying the notes. notes.
Bega Cheese Limited 2010 Annual Report 12 14