Nutreco
- Consolidated income statement
- Consolidated statement of comprehensive income
- Consolidated balance sheet
- Statement of changes in equity
- Consolidated cash flow statement
- Notes to the consolidated financial statements
- (1) Accounting policies used for the consolidated financial statements of Nutreco Holding N.V.
- (2) Reconciliation consolidated income statement
- (3) Operating segments
- (4) Discontinued operations and divestments
- (5) Assets and liabilities held for sale
- (6) Acquisitions
- (7) Other operating income
- (8) Personnel costs
- (9) Other operating expenses
- (10) Net financing costs
- (11) Income tax expense
- (12) Earnings per share
- (13) Property, plant and equipment
- (14) Intangible assets
- (15) Investments in associates
- (16) Other investments
- (17) Deferred tax assets and liabilities
- (18) Inventories
- (19) Biological assets
- (20) Trade and other receivables
- (21) Cash and cash equivalents
- (22) Equity attributable to the equity holders of the parent
- (23) Interest-bearing borrowings
- (24) Employee benefits
- (25) Provisions
- (26) Trade and other payables
- (27) Financial instruments and risk management
- (28) Contingent assets and liabilities
- (29) Related party transactions
- (30) Subsequent events
- (31) Accounting estimates and judgements
- (32) Notes to the consolidated cash flow statement
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(15) Investments in associates
Nutreco has the following investments in associates, direct or indirect through subsidiaries:
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(EUR x million) |
2009 |
2008 |
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Ownership |
Amount |
Ownership |
Amount |
|
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Nanta de Venezuela C.A., Venezuela |
50% |
4.0 |
50% |
2.1 |
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Couvoir Scott Ltée, Canada |
50% |
9.2 |
50% |
7.9 |
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Nieuwland Feed and Supply Ltd., Canada |
40% |
2.2 |
40% |
2.0 |
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Isoporc Inc., Canada |
33% |
- |
33% |
1.1 |
|
Gène-Alliance Inc., Canada |
40% |
0.4 |
40% |
0.3 |
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Yantzi’s Feed & Seed Ltd., Canada |
40% |
0.3 |
40% |
0.1 |
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Ens partnership, Canada |
33% |
1.0 |
33% |
0.9 |
|
Lactech Inc., Canada |
33% |
2.7 |
- |
- |
|
19.8 |
14.4 |
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No goodwill has been recognised in relation with these investments in associates. Nutreco is not responsible for the (contingent) liabilities of the associates. |
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Changes in investments in associates |
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(EUR x million) |
2009 |
2008 |
|
As at 1 January |
14.4 |
16.9 |
|
Share in results continued operations |
1.4 |
2.1 |
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Dividends received |
-0.5 |
-1.5 |
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Share increase |
- |
0.1 |
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Disposals |
- |
-2.0 |
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Capital expenditure |
2.8 |
1.1 |
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Effect of movement in foreign exchange |
1.7 |
-2.3 |
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As at 31 December |
19.8 |
14.4 |
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Breakdown of the share in results of associates |
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|
(EUR x million) |
2009 |
2008 |
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Nanta de Venezuela C.A., Venezuela |
1.8 |
1.3 |
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Couvoir Scott Ltée, Canada |
0.6 |
0.7 |
|
Nieuwland Feed and Supply Ltd., Canada |
0.1 |
0.1 |
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Isoporc Inc., Canada |
-1.3 |
- |
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Gène-Alliance Inc., Canada |
- |
- |
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Yantzi’s Feed & Seed Ltd., Canada |
0.1 |
- |
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Ens partnership, Canada |
- |
- |
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Lactech Inc., Canada |
0.1 |
- |
|
1.4 |
2.1 |
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In 2009, the investment Isoporc Inc. in Canada was fully impaired for an amount of EUR 1.0 million. |
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