Ingham's Group Highlights and Financial Update
Profit on Sale of Assets / Restructuring costs
INGHAM'S
Heart of the Table
$ millions
Jun-19
Jun-18 Variance
%
Profit on Sale
Profit on sale of assets
(49.7)
(19.4)
30.3
156.2
Mitavite
(51.1)
Cardiff
(2.5)
Mile End
0.5
Maldon (impairment)
3.4
Wanneroo
(14.1)
Leppington
(5.3)
Restructuring
18.3
16.3
(2.0)
Redundancy
4.4
4.2
Farming exits
2.8
4.6
Network cross over costs
2.7
2.5
FP network optimisation
8.4
5.0
> Current year relates to sale of Mitavite, Cardiff and
Mile End, prior year relates to Wanneroo and
Leppington
(12.3)
Restructuring
Redundancies expense relates to management and
structural changes
Farming exits relate to NSW end of lease 'make good'
costs (as farming capacity shifts to SA) and exit of
contract growers
Network costs include crossover (duplicate) costs
related to new sites including new feedmill in SA,
breeder farm in NZ and terminated IT contract
> Further Processing network optimisation cost relate to
an onerous lease provision and asset write down at
the Cleveland FP site in QLD
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