Annual Report 2009 - Dairygold
Annual Report 2009 - Dairygold
Annual Report 2009 - Dairygold
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<strong>Dairygold</strong> Co-Operative Society Limited <strong>Annual</strong> <strong>Report</strong> and Accounts <strong>2009</strong><br />
Consolidated profit and loss account<br />
for the year ended 31 December <strong>2009</strong><br />
<strong>2009</strong> 2008<br />
Notes E’000 E’000<br />
TURNOVER 1 555,175 688,127<br />
OPERATING PROFIT<br />
before goodwill amortisation and exceptional items 2 14,520 3,199<br />
Goodwill amortisation 10 (1,061) (932)<br />
OPERATING PROFIT 13,459 2,267<br />
Share of losses of associates (1,044) (1,857)<br />
Fundamental reorganisation and restructuring costs 3 (1,019) -<br />
Profit arising from disposal of fixed assets 4 - 58<br />
Interest payable and similar charges 5 (4,369) (4,185)<br />
Interest receivable and similar income 5 3,419 5,027<br />
PROFIT on ordinary activities before taxation 10,446 1,310<br />
Taxation charge on profit on ordinary activities 7 (875) (1,998)<br />
PROFIT/(LOSS) after taxation 9,571 (688)<br />
Minority interest 22 (258) (149)<br />
PROFIT/(LOSS) for the financial year 9,313 (837)<br />
Share interest 8 (1,238) (2,370)<br />
Retained Profit/(Loss) for the year 20 8,075 (3,207)<br />
The above results are derived from continuing operations.<br />
On behalf of the Board:<br />
Vincent Buckley, Chairman<br />
Bertie O’Leary, Vice Chairman<br />
16 March 2010 16 March 2010<br />
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