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 statement of total recognised gains and losses<br />
for the year ended 31 December <strong>2009</strong><br />
<strong>2009</strong> 2008<br />
E’000 E’000<br />
Profit/(Loss) for the financial year 9,313 (837)<br />
Share of associates’ reserves movements (2,068) (4,838)<br />
Currency translation difference on net investment 2,572 (10,051)<br />
Difference between actual and expected return on pension schemes’ assets 9,974 (36,630)<br />
Experience gains/(losses) arising on pension schemes’ liabilities 2,624 (1,584)<br />
Effects of changes in assumptions underlying the present value of pension schemes’ liabilities (10,061) 10,630<br />
Gain arising on exit of a participating employer from pension scheme 6,090 -<br />
Deferred tax associated with gain arising on exit of a participating employer from pension scheme (761) -<br />
Deferred tax associated with movement on pension schemes (300) 3,368<br />
Total recognised gains/(losses) relating to the year 17,383 (39,942)<br />
Reconciliation of movement in shareholders’ funds<br />
for the year ended 31 December <strong>2009</strong><br />
<strong>2009</strong> 2008<br />
Notes E’000 E’000<br />
Total recognised gains/(losses) relating to the year 17,383 (39,942)<br />
Share interest 8 (1,238) (2,370)<br />
Issue of ordinary shares including conversions 19 4 59<br />
Dividends associated with cancelled shares 31 31<br />
Shares redeemed 19 (1,342) (1,167)<br />
Net change in shareholders’ funds 14,838 (43,389)<br />
Opening shareholders’ funds 205,252 248,641<br />
Closing shareholders’ funds 220,090 205,252<br />
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