Articles
2001 Group Annual Report
March 28, 2003
Irish Dairy Board Inc. is the major international exporter of Irish dairy products, servicing the needs and quality demands of customers world-wide. A commercial cooperative, its function is to market the products of its member manufacturing co-operatives and dairy companies therby generating the maximum return for primary producers.
The Board owns the internationally established Kerrygold brand, the Irish dairy industry's most important marketing asset. It's product portfolio can be divided into three key secotrs: retail business, food ingredients and commodity trading.
From it's formation in 1961, the Board has evolved in response to the changing European and world business environment. It is Ireland's biggest food exporter and a major food distribution company in overseas markets, with annual sales of €1.9 billion.
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GROUP FIVE YEAR REVIEW |
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| 2001 | 2000 | 1999 | 1998 | 1997 | ||
| €'000 | €'000 | €'000 | €'000 | €'000 | ||
| Historical Values | ||||||
| Turnover | 1,943,883 | 2,080,998 | 1,809,139 | 1,807,425 | 1,666,911 | |
| Operating surplus | 37,112 | 35,431 | 32,099 | 33,400 | 30,343 | |
| Surplus before
taxation and exceptional items |
31,854 | 31,396 | 30,246 | 31,295 | 30,869 | |
| Net current assets | 129,633 | 135,420 | 142,384 | 191,621 | 179,552 | |
| Members' funds | 262,287 | 242,662 | 222,870 | 206,044 | 183,280 | |
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