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 />
Notes to financial statements<br />
1 Turnover<br />
Geographical Analysis by Destination:<br />
<strong>2009</strong> 2008<br />
E’000 E’000<br />
Ireland 245,076 298,277<br />
United Kingdom 131,167 148,814<br />
Rest of Europe 103,082 135,389<br />
Rest of World 75,850 105,647<br />
555,175 688,127<br />
Principal Activities by Class of Business:<br />
<strong>Dairygold</strong> Food Ingredients 366,018 454,899<br />
Agricultural and Retailing 170,714 204,245<br />
Finance 18,443 28,983<br />
555,175 688,127<br />
The turnover for <strong>2009</strong> incorporates €5.9 million from a subsidiary, Solailoire SARL and the business of seven 4Home stores,<br />
both acquired during the year.<br />
Segmental information, by market, has not been given because, in the opinion of the Board of Directors, to do so would<br />
be prejudicial to the interests of the Society.<br />
2 Operating profit<br />
<strong>2009</strong> 2008<br />
E’000 E’000<br />
Turnover - Note 1 555,175 688,127<br />
Less:<br />
Raw materials and consumables 447,037 571,238<br />
Payroll costs - Note 6 45,493 47,832<br />
Operating costs 45,071 47,308<br />
Depreciation - Note 9 14,941 14,392<br />
Grant amortisation - Note 16 (804) (943)<br />
Change in stock of finished goods and goods for resale (11,083) 5,101<br />
Operating profit before goodwill<br />
amortisation and exceptional items 14,520 3,199<br />
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