2022 Annual Results
Dividend Calculation
Fonterra
Dairy for life
20
Total dividend of 20 cents per share
。 Interim dividend of 5 cents
o Final dividend of 15 cents
Final dividend of 15 cents per share will be paid on
14 October, with interim dividend of 5 cents per
share having been paid on 14 April
Total dividend represents 59% of
attributable earnings
NZD cents per share
Normalised earnings¹
Add: normalisations
Reported earnings¹
2021
2022
34
35
2
1
36
Less: abnormal gains
(6)
Net earnings for dividend payment²
30
8 སེ་
36
(2)
34
Dividend payment percentage (%)
57%
59%
Dividend based on attributable earnings
17
20
Dividend based on abnormal gains³
M
Total dividend
Interim dividend
Final dividend
20
5
5
15
15
LO
123
3.
Attributable to equity holders of the Co-operative, excludes non-controlling interest
Represents net earnings as specified in the Dividend Policy and is calculated as reported profit after tax less abnormal gains
FY21 includes the reversal of previous impairment of our China Farms
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