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 Our Consolidated Environmental, Social and Governance Data INCOME STATEMENT COMPREHENSIVE INCOME (EURM) Note 2020 2019 Develop- (EURM) Note 2020 2019 ment, % Profit for the year 352 323 Revenue Production costs Gross profit Sales and distribution costs Administration costs 1.1 10,644 10,527 1 1.2 -8,301 -8,325 0 Other comprehensive income 2,343 2,202 6 Items that will not be reclassified to the income statement: Re-measurements of defined benefit schemes 1.2 1.2 Other operating costs Other operating income Share of results after tax in joint ventures and associates Earnings before interest and tax (EBIT) 22255 -1,483 -1,416 5 Tax on remeasurements of defined benefit schemes 4.7 5 -50 4 11 -439 -389 13 1.3 -52 -64 -19 1.3 61 39 56 Items that may be reclassified subsequently to the income statement: Value adjustments of hedging instruments 4.4 41 3.4 28 34 -18 Fair value adjustments of certain financial assets -3 458 406 13 Adjustments related to foreign currency translation -84 Tax on items that may be reclassified to the income statement 0 སླམ¥ཏྟཱ། -22 -2 42 -1 Specification: Other comprehensive income, net of tax -37 -22 EBITDA 909 837 Depreciation, amortisation and impairment losses Earnings before interest and tax (EBIT) 1.2 -451 -431 458 406 13 953 Financial income 4.2 7 10 -30 Total comprehensive income Allocated as follows: Owners of Arla Foods amba 315 301 Financial costs Profit before tax 4.2 -79 -69 14 Non-controlling interests 386 347 11 Total 308 289 7 12 315 301 Tax Profit for the year Non-controlling interests Arla Foods amba's share of profit for the year 5.1 -34 -24 42 352 323 9 -7 -12 -42 345 311 11 65 ARLA FOODS ANNUAL REPORT 2020

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