Investor Presentaiton

Biological Assets The harvested kiwifruits is recognised as the biological assets which are accounted for under inventories Harvested kiwifruits are measured at their fair value less costs to sell at the point of their harvest Fair value Comparable market price less transportation costs, at point of their harvest Cost = related packing costs of harvested kiwifruits as assessed by an independent valuer appointed The non-cash gain or loss arising from the difference between such fair value and the costs to sell the harvested kiwifruit is included as a line item in profit or loss for the period in which it arises ■ Such non-cash gain or loss arising from changes in fair value less costs to sell of biological assets are recorded as part of cost of sales when the harvested kiwifruits are eventually sold 22 22

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