Prospectus - Fonterra

30Fonterra Co-operative Group LimitedIncome statementFor the 14 months ended 31 July 2008Notes14 months to31 July 2008$ million12 months to31 May 2007Revenue from sale of goods 9,198 4,870Cost of goods sold 1 (9,198) (4,870)Gross profit - -Other operating income 31 5Selling and marketing expenses (4) (2)Administrative expenses (372) (236)Other operating expenses (93) (76)Operating (loss) before finance costs and tax 2 (438) (309)Finance income 3 497 372Finance costs 3 (401) (340)Net finance income 96 32(Loss) before tax (342) (277)Tax credit 4 84 71(Loss) for the period (before Value Return) attributable toshareholder suppliers(258) (206)Statement of total recognised income and expenseStatement of total recognised income and expenseFor the 14 months ended 31 July 2008Notes$ million14 months to31 July 200812 months to31 May 2007Income and expense recognised directly in equity - -(Loss) for the period (before Value Return) attributable toshareholder suppliersTotal recognised income and expense for the periodattributable to shareholder suppliersThe accompanying notes form part of these financial statements.5 (258) (206)(258) (206)