Arla Foods Annual Report 2020
Management Review
Our Strategy
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Our Consolidated Environmental, Social and Governance Data
PROFIT
APPROPRIATION
(EURM)
Profit for the year
Non-controlling interests
Arla Foods amba's share of net profit for the year
Profit appropriation:
Supplementary payment for milk
Interest on contributed individual capital
Total supplementary payment
Transferred to equity:
Reserve for special purposes
Contributed individual capital
Total transferred to equity
Appropriated profit
66 ARLA FOODS ANNUAL REPORT 2020
2020
2019
Profit appropriation for 2020
352
323
-7
-12
345
311
Performance price
36.9 EUR-cent/kg
Standard prepaid
milk price
34.1 EUR-cent/kg
219
124
4
3
223
127
81
123
41
61
122
184
345
311
Profit for the year
345* EURM
2.8 EUR-cent/kg
*Based on profit allocated to owners of Arla Foods amba
Supplementary payment:
1,75 EUR-cent/kg owner milk
Supplementary
payment
219 EURM
4 EURM
223 EURM
Consolidation principles:
Common capital 2/3
Individual capital 1/3
Common capital
81 EURM
Consolidation
81 EURM
41 EURM
122 EURM
Individual capital
41 EURM
Profit appropriation
The proposed supplementary payment for 2020 is EUR
223 million, including interest, corresponding to 1,75
EUR-cent/kg owner milk. Interest on the carrying value
of contributed individual capital amounted to EUR 4
million. Contributed individual capital carried an interest
of 1.60 per cent in 2020.
In addition, EUR 122 million is transferred to equity and
split into 1/3 to individual capital (contributed
individual capital), amounting to EUR 41 million and
2/3 to common capital (reserve for special purposes),
amounting to EUR 81 million.View entire presentation