2001 Group Annual Report

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.

GROUP FIVE YEAR REVIEW
		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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