Full Year Results Investor Presentation 2023
SUMMARISED FIVE YEAR INCOME STATEMENT
FY 19
FY 20
Revenue
Cost of sales
Gross profit
Other income
Share of loss from associates
1,024,305
(837,976)
1,302,025
(1,098,292)
FY 21
1,367,349
(1,300,042)
186,329
898
203,733
404
67,307
3,870
FY 22
1,660,601
(1,513,827)
146,774
22,777
FY 23
1,603,580
(1,459,588)
143,992
16,333
(580)
33
(33)
Sales and distribution expenses
(26,836)
Administrative and operating expenses
(36,680)
(32,318)
(49,809)
(36,791)
(39,423)
(48,316)
(52,018)
(49,534)
(74,195)
Impairment of Temuka cheese plant assets
(12,231)
ERP implementation costs
(3,295)
(6,794)
Earnings before net finance costs and income tax
123,131
122,043
(17,665)
65,068
31,020
Finance expenses
(8,819)
(19,777)
(20,488)
(18,730)
(32,786)
Finance income
1,232
134
44
170
281
Loss on derecognition of financial assets
(1,842)
(1,747)
(1,045)
Net finance costs
(9,429)
(21,390)
(21,489)
(2,427)
(20,987)
(Loss)/profit before income tax
113,702
100,653
(39,154)
44,081
Income tax benefit/(expense)
(32,454)
(26,344)
Net (loss)/profit after tax for the year
81,248
74,309
10,703
(28,451)
(5,558)
(5,771)
(38,276)
(7,256)
2,964
38,523
(4,292)
PAGE 33
FULL YEAR RESULTS INVESTOR PRESENTATION 2023View entire presentation