Arla Foods Annual Report 2020 slide image

Arla Foods Annual Report 2020

Management Review Our Strategy Our Brands and Commercial Segments Our Responsibility Our Governance Our Performance Review Our Consolidated Financial Statements TABLE OF CONTENTS PRIMARY STATEMENTS NOTES Our Consolidated Environmental, Social and Governance Data REPORTS 65 Income statement 65 Comprehensive income 66 Profit appropriation 67 Balance sheet 68 Equity 71 Cash flow 73 Introduction to notes Revenue and costs 74 1.1 Revenue 76 1.2 Operational costs 78 1.3 Other operating income and costs 79 1.4 Key Performance indicators Net working capital 80 2.1 Net working capital, other receivables and current liabilities Capital employed 83 3.1 Intangible assets and goodwill 86 3.2 Property, plant and equipment 89 3.3 Associates and Joint ventures 90 3.4 Provisions 91 3.5 Purchase and sale of business or activities Funding 92 4.1 Financial risks 99 4.2 Financial items 100 4.3 Net interest-bearing debt 105 4.4 Derivatives 106 4.5 Financial instruments 107 4.6 Sale and repurchase agreements 108 4.7 Pension liabilities Other areas 112 5.1 Tax 113 5.2 Fees to auditors appointed by the Board of Representatives 114 5.3 Management remuneration and transactions 114 5.4 Contractual commitments, contingent assets and liabilities 114 5.5 Subsequent events after the balance sheet date 115 5.6 General accounting policies 116 5.7 Group chart 118 Statement by the Board of Directors and the Executive Board 119 Independent auditor's report 64 ARLA FOODS ANNUAL REPORT 2020
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