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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(2) Reconciliation consolidated income statement
The reconciliation between continuing and discontinued operations is as follows:
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(EUR x million) |
2009 |
2008 |
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Continuing operations |
Dis- continued operations |
Total |
Continuing operations |
Dis- continued operations |
Total |
|
|
Revenue |
4,511.7 |
- |
4,511.7 |
4,943.1 |
- |
4,943.1 |
|
Raw materials and consumables used |
-3,573.5 |
- |
-3,573.5 |
-4,008.5 |
- |
-4,008.5 |
|
Changes in fair value of biological assets |
2.2 |
- |
2.2 |
-0.5 |
- |
-0.5 |
|
Changes in inventories of finished goods and work in progress |
4.3 |
- |
4.3 |
7.6 |
- |
7.6 |
|
Gross margin |
944.7 |
- |
944.7 |
941.7 |
- |
941.7 |
|
Other operating income |
36.4 |
- |
36.4 |
29.9 |
13.4 |
43.3 |
|
Personnel costs |
-441.7 |
- |
-441.7 |
-427.5 |
-0.3 |
-427.8 |
|
Depreciation and amortisation expenses |
-64.8 |
- |
-64.8 |
-61.4 |
- |
-61.4 |
|
Impairment of long-lived assets |
-9.1 |
- |
-9.1 |
-0.1 |
- |
-0.1 |
|
Other operating expenses |
-307.6 |
- |
-307.6 |
-310.5 |
-2.2 |
-312.7 |
|
Operating result |
157.9 |
- |
157.9 |
172.1 |
10.9 |
183.0 |
|
Financial income |
5.9 |
- |
5.9 |
6.3 |
- |
6.3 |
|
Financial expenses |
-38.3 |
- |
-38.3 |
-38.1 |
- |
-38.1 |
|
Foreign exchange result |
0.8 |
- |
0.8 |
0.6 |
- |
0.6 |
|
Net financing costs |
-31.6 |
- |
-31.6 |
-31.2 |
- |
-31.2 |
|
Share in results of associates |
1.4 |
- |
1.4 |
2.1 |
- |
2.1 |
|
Result before tax |
127.7 |
- |
127.7 |
143.0 |
10.9 |
153.9 |
|
Income tax expense |
-34.7 |
- |
-34.7 |
-37.2 |
0.2 |
-37.0 |
|
Total result for the period |
93.0 |
- |
93.0 |
105.8 |
11.1 |
116.9 |
| |
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Attributable to: |
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Equity holders of Nutreco |
90.3 |
- |
90.3 |
103.7 |
11.1 |
114.8 |
|
Minority interest |
2.7 |
- |
2.7 |
2.1 |
- |
2.1 |
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In 2009 Nutreco divested its layer pullet and hatchery business in the Czech Republic. The divestment is not considered as discontinued operations.
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