Glanbia plc - FY 2015 Results Release 24 02 16
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Notes to the financial statements<br />
for the financial year ended <strong>02</strong> January 20<strong>16</strong><br />
The segment assets and liabilities at <strong>02</strong> January 20<strong>16</strong> and segment capital expenditure and acquisitions for the year then ended are<br />
as follows:<br />
Group<br />
<strong>Glanbia</strong><br />
Performance<br />
Nutrition<br />
€’000<br />
Global<br />
Ingredients<br />
€’000<br />
Dairy<br />
Ireland<br />
€’000<br />
JVs &<br />
Associates<br />
€’000<br />
including<br />
JVs &<br />
Associates<br />
€’000<br />
Segment assets (c) 1,150,637 794,155 3<strong>02</strong>,000 <strong>16</strong>0,332 2,407,1<strong>24</strong><br />
Segment liabilities (d) 257,148 237,853 181,146 – 676,147<br />
Capital expenditure ‐ additions (e) 34,437 64,399 13,484 35,522 147,842<br />
Capital expenditure ‐ business combinations (e) 235,359 – 1,109 – 236,468<br />
2.1 (c) Segment assets are reconciled to reported assets as follows:<br />
<strong>2015</strong><br />
€’000<br />
Segment assets 2,407,1<strong>24</strong><br />
Unallocated assets <strong>24</strong>3,829<br />
Reported assets 2,650,953<br />
Unallocated assets primarily include taxation, cash and cash equivalents, available for sale financial assets and derivatives.<br />
2.1 (d) Segment liabilities are reconciled to reported liabilities as follows:<br />
<strong>2015</strong><br />
€’000<br />
Segment liabilities 676,147<br />
Unallocated liabilities 911,733<br />
Reported liabilities 1,587,880<br />
Unallocated liabilities primarily include items such as taxation, borrowings and derivatives.<br />
2.1 (e) Segment capital expenditure and acquisitions are reconciled to reported capital expenditure and acquisitions as follows:<br />
<strong>2015</strong><br />
€’000<br />
Capital expenditure ‐ additions 147,842<br />
Capital expenditure ‐ business combinations 236,468<br />
Joint Ventures & Associates capital expenditure (35,522)<br />
Unallocated capital expenditure 8,086<br />
Reported capital expenditure and acquisitions 356,874<br />
2.2 The segment results for the year ended 03 January <strong>2015</strong> are as follows:<br />
<strong>Glanbia</strong><br />
Performance<br />
Nutrition<br />
€’000<br />
Global<br />
Ingredients<br />
€’000<br />
Dairy<br />
Ireland<br />
€’000<br />
JVs &<br />
Associates<br />
€’000<br />
Group<br />
including<br />
JVs &<br />
Associates<br />
€’000<br />
Total gross segment revenue (a) 746,381 1,210,376 6<strong>16</strong>,744 984,0<strong>16</strong> 3,557,517<br />
Inter‐segment revenue (154) (34,979) – – (35,133)<br />
Total Group Revenue 746,227 1,175,397 6<strong>16</strong>,744 984,0<strong>16</strong> 3,522,384<br />
Total Group earnings before interest, tax,<br />
amortisation and exceptional items (b) 89,188 100,426 19,<strong>02</strong>0 36,427 <strong>24</strong>5,061<br />
Included in external revenue are related party sales between Dairy Ireland and Joint Ventures & Associates of €21.2 million, and<br />
related party sales between Global Ingredients and Joint Ventures & Associates of €18.2 million. Inter‐segment transfers or<br />
transactions are entered into under normal commercial terms and conditions that would also be available to unrelated third parties.<br />
19 <strong>Glanbia</strong> <strong>plc</strong> <strong>2015</strong> full year results
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