Annual Report & Accounts - Countrywide Farmers

Notes to the Financial Statements (Continued)
For the year ended 31 May 2008
2) SEGMENTAL REPORTING
Operating Net Operating
Turnover Profit/(Loss) Assets
2008 2008 2008
£000s £000s £000s
Continuing operations
Agriculture 79,313 596 5,825
Retail 65,044 2,323 26,392
Energy 45,351 1,192 11,170
Corporate - (2,274) 1,956
Group 189,708 1,837 45,343
Energy Joint Venture activity 973 (53) -
Group Total 190,681 1,784 45,343
Reconciliation of Net Operating Assets to the Balance Sheet £000s
Net Operating Assets 45,343
Less Bank Advance and Loans (10,346)
Less Corporation and Deferred tax 452
Less Net Pension Liability (5,511)
Net Assets as at 31 May 2008 29,938
Operating Net Operating
Turnover Profit/(Loss) Assets
2007 2007 2007
£000s £000s £000s
Continuing operations
Agriculture 71,701 (467) 5,691
Retail 58,053 1,985 27,210
Energy 28,618 291 3,526
Corporate - (1,969) 6,992
158,372 (160) 43,419
Exceptional costs (note 3) - (855) -
Group 158,372 (1,015) 43,419
Energy Joint Venture activity 3,616 440 2,071
Group Total 161,988 (575) 45,490
Reconciliation of Net Operating Assets to the Balance Sheet £000s
Net Operating Assets 45,490
Less Bank Advance and Loans (8,686)
Less Corporation and Deferred tax (2,002)
Less Net Pension Liability (4,475)
Net Assets as at 31 May 2007 30,327
The Group operates and trades only in the United Kingdom.
Segmental Reporting allows visibility of the three core trading operations recognising a separate line for corporate costs. The
principal operating assets comprising property, plant and equipment have been allocated to the businesses in line with use.
Page 25