Annual Report 2009 - Dairygold

Dairygold Co-Operative Society Limited Annual Report and Accounts 2009
Five year historical information
Five year profit and loss account
2009 2008 2007 2006 2005
E’000 E’000 E’000 E’000 E’000
TURNOVER 555,175 688,127 625,100 543,037 866,482
Operating profit before goodwill amortisation
and exceptional items 14,520 3,199 22,653 1,169 19,597
Goodwill amortisation (1,061) (932) (1,192) (929) (811)
Share of associates (1,044) (1,857) (3,423) 11,279 3,485
Exceptional costs (1,019) - (4,485) (4,524) (15,153)
Profit arising from disposal of fixed assets - 58 85 424 -
Net interest (payable)/receivable (950) 842 2,334 1,435 (2,397)
PROFIT before taxation 10,446 1,310 15,972 8,854 4,721
Taxation (875) (1,998) (3,618) (3,200) 602
PROFIT/(LOSS) after taxation 9,571 (688) 12,354 5,654 5,323
Minority interest (258) (149) - - -
PROFIT/(LOSS) for the financial year 9,313 (837) 12,354 5,654 5,323
Share interest (1,238) (2,370) (2,294) (3,716) (2,173)
RETAINED PROFIT/(LOSS) 8,075 (3,207) 10,060 1,938 3,150
Five year balance sheet
2009 2008 2007 2006 2005
E’000 E’000 E’000 E’000 E’000
Net Assets Employed:
Fixed assets 209,039 207,430 209,450 194,456 250,485
Stock 73,086 85,419 89,303 72,655 115,751
Debtors 98,963 96,415 90,384 71,235 115,035
Current cash & bank balances (10,467) 2,296 (8,344) (4,975) (17,626)
Creditors (85,129) (109,125) (126,056) (82,459) (127,287)
Medium/long term creditors (68,116) (71,423) (30,246) (37,429) (105,699)
Capital grants (6,311) (6,301) (1,265) (1,475) (3,315)
Deferred taxation liability (441) (1,754) (823) (424) 2,000
Pension asset 10,100 2,671 26,238 23,063 14,253
Net Assets Employed 220,724 205,628 248,641 234,647 243,597
Financed by:
Shareholders funds 220,090 205,252 248,641 234,647 243,597
Minority interest 634 376 - - -
Capital employed 220,724 205,628 248,641 234,647 243,597
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