Arla Foods Consolidated Annual Report 2021
65
Arla Foods Consolidated Annual Report 2021 / Consolidated Financial Statements / Primary Statements
INCOME STATEMENT
COMPREHENSIVE INCOME
Contents
III
(EURM)
Note
2021
2020 Develop-
(EURM)
Note
2021
2020
ment,%
Profit for the year
346
352
Revenue
Production costs
Gross profit
Sales and distribution costs
Administration costs
1.1
11,202
10,644
1.2
-8,822
-8,301
2,380
2,343
562
Other comprehensive income
Items that will not be reclassified to the income statement:
Remeasurements of defined benefit schemes
4.7
1.2
-1,573
-1,483
6
Tax on remeasurements of defined benefit schemes
32
-3
10
54
1.2
-427
-439
-3
Other operating income
1.3
110
61
80
Items that may be reclassified subsequently to the income statement:
Other operating costs
1.3
-75
-52
44
Value adjustments of hedging instruments
4.4
39
41
Share of net profit/loss in joint ventures and associates
3.3
53
28
89
Fair value adjustments of certain financial assets
-1
-3
Earnings before interest and tax (EBIT)
468
458
2
Adjustments related to foreign currency translation
127
-84
Tax on items that may be reclassified to the income statement
-1
Specification:
EBITDA
948
909
Depreciation, amortisation and impairment
1.2
-480
-451
Earnings before interest and tax (EBIT)
468
458
462
Financial income
4.2
14
7
100
Other comprehensive income, net of tax
Total comprehensive income
Allocated as follows:
Owners of Arla Foods amba
171
-37
517
315
Financial costs
4.2
-75
-79
-5
Non-controlling interests
407
386
5
Total
503
308
14
7
517
315
Profit before tax
Tax
Profit for the year
Allocated as follows:
Owners of Arla Foods amba
Non-controlling interests
Total
5.1
-61
-34
79
346
352
22
-2
332
345
-4
14
7
100
346
352
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