Annual Report 2009 - Dairygold

Dairygold Co-Operative Society Limited Annual Report and Accounts 2009
11 Financial assets - continued
Details of principal subsidiaries and associates are included in Note 35 to these financial statements.
The Redeemable Interest Bearing Bond (RIBB) was issued on 3 March 2006 by Reox Holdings plc to the Society.
The principal conditions attaching to the RIBB are:
» Interest for first four years will be at a rate of 7.5% per annum.
» Interest for remaining years will be 6% per annum.
» Redemption of the RIBB may commence on the day after the fifth anniversary of the date of issue at the discretion
of the holder.
» Redemption is permitted at a rate of €6,600,000 per annum.
The following additional disclosures are required by Financial Reporting Standard 9, Associates and Joint Ventures, as
the Co-Op’s share of the results of its associate entities and joint ventures exceed certain thresholds specified in the
standard.
Disclosure in aggregate of the Co-Op’s share of results of all associates and joint ventures:
2009 2008
E’000 E’000
Turnover 61,107 94,198
Fixed assets 36,042 54,111
Current assets 12,946 33,201
Liabilities due within one year (22,140) (40,249)
Liabilities due after one year (13,332) (30,122)
The results detailed below for Reox Holdings plc are disclosed separately based on criterion specified in Financial
Reporting Standard 9, Associates and Joint Ventures, as follows:
Name:
Reox Holdings plc
E’000
Co-Op’s share of:
Turnover 40,348
Loss before exceptional items (2,584)
Exceptional items 1,251
Loss before taxation (1,333)
Taxation 219
Loss after taxation (1,114)
Fixed assets 30,573
Current assets 3,886
Liabilities due within one year (14,746)
Liabilities due after one year (12,411)
38