2022 Annual Results

Unallocated costs¹ NZD million² 2021 2022 Farmer services 44 44 Communication and community 13 16 Fonterra Board & Co-operative 7 6 Council • Governance support 34 36 Group finance, property & support 42 44 People & culture 10 16 Other 73 43 Total 223 205 1. Refer to Glossary for definition 2. Normalised basis Fonterra Dairy for life Unallocated costs are favourable $18 million largely due to 'Other' 'Other' is favourable due to release of a provision at Group level following a final judicial interpretation on the application of the Holidays Act 2003 in New Zealand to certain discretionary incentive payments 33 33

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