Nortura Annual report

Transcription

1 Nortura Annual report 2014

2 About Nortura Nortura SA is Norway s leading supplier of meat and eggs. We supply the country s major brands. Nortura ensures that consumers all over the country have the same selection of quality products to choose from. The group has a turnover of NOK 22 billion. We have approx employees in different industries in 29 municipalities all over the country. The group is organized as a cooperative owned by approx Norwegian farmers. The group s purpose is to sell the members slaughtered animals, eggs, live animals and wool in the best possible manner. The group shall through its operations contribute to the members receiving the best possible financial result from their livestock production. It is sought to attain the objectives through the group s core operations which include slaughtering, cutting, processing, egg packing, sales, marketing, trade of hatching eggs, trade of live animals, trade of wool and advisory services. The group may otherwise participate in or operate enterprises that have a natural business relation to the group s core operations and which forward the group s objectives. The group shall work towards improving general terms for Norwegian meat and poultry producers. Further, the group shall contribute to develop and maintain the set of values and principles for Nortura SA. Nortura SA Postboks 360 Økern 0513 Oslo Phone: Fax: [email protected] Web: Director of Communication: Elin Ytterdahl Tohje Editor: Marit Sandnes Graphic design: Even Hovensjø Olsen Photo: Eva Brænd & Studio B13 2

3 Key figures Turnover per FTE Earnings before interest, taxes, depreciation and amortization (EBITDA) Earnings before additional payments/taxes 4, , , , , Equity ratio % Net interest-bearing debt / EDITDA Compensation beyond net recording 40 3, , , , ,1 350 % Figures in million NOK Turnover Turnover per FTE 3,29 3,49 3,65 3,94 Earnings before interest, taxes, depreciation and amortization (EBITDA) Earnings before interest and taxes (EBIT) Earnings before additional payments/taxes Total assets Equity Net interest-bearing debt Equity ratio % 39,1 39,7 37,5 36,9 Return on total assets % 5,4 5,8 4,5 5,7 Equity return % 8,4 10,9 6,6 9,7 Net interest-bearing debt/editda 2,0 2,2 3,0 2,7 Debt-equity ratio 1,6 1,5 1,7 1,8 Compensation beyond net recording Slaughter volume - metric tonnes Active owners with rights Number of completed FTEs Presence % 91,4 92,3 92,7 92,7 H-value Number of injuries with sick leave

4 Group management Arne Kristian Kolberg (46) CEO Harald Ullevoldsæter (51) Nortura Control, finance & IT Egil Olsvik (57) & deputy CEO Nortura Poultry & eggs Tor Aamot (60) Nortura Human Resources Lisbeth Svendsen (50) Nortura Production Kjell S. Rakkenes (44) Nortura Marketing & communication Hans Thorn Wittussen (50) Nortura Commodity & members Torleif Bjella (58) Nortura Partner Erling Geir Iversen (50) Nortura Logistics Robert Bekkhus (36) Nortura Brand sales CEO Human Resources Control, finance & IT Marketing & communication Logistics Commodity & members Production Poultry & eggs Partner Brand sales 4

5 Income statement Figures in NOK Parent company Parent company Operating Income Group 2014 Group Revenue Other operating income Total operating revenues Operating expenses Raw materials and consumables used Payroll expenses Depreciation / amortization of tangible fixed assets Depreciation / amortization of intangible assets Other operating expenses Total operating costs Operating profit Financial income and expenses Income from investment in subsidiaries Profit from investment in associates company Other financial income Other financial expenses Net financial items Profit before income tax Taxes Net profit for the year Minority share of profit The Board proposes the following allocation of net income: Parent company 2014 Parent company 2013 Allocated interest on Member Capital Transferred to the Member Capital Account Transfer to reserve for valuation variances Transfer to / from other equity Total allocated

6 Balance sheet Figures in NOK Fixed assets Group Group Parent company Parent company Intangible assets Deferred tax assets Trademarks and similar rights Goodwill Total intangible assets Fixed assets Buildings, land and other real estate Machinery Fixtures and fittings o.l Total fixed assets Financial fixed assets Investments in subsidiaries Loans to group companies Investments in associates Loans to associates Investments in shares Pension funds Other long term debts Total financial assets Total fixed assets Current assets Stocks Stocks Total stocks Short-term receivables Accounts receivable Other current receivables Total current receivables Cash and bank deposits Cash and bank deposits Total cash and bank deposits Total current assets Total assets

7 Balance sheet Figures in NOK Equity Group Group Parent company Parent company Paid in capital Obligatory share capital Volunteers share capital Total paid in capital Retained earnings Free equity The group's reserve Revaluation reserve Member capital account Minority interests Total retained earnings Total equity Long term debt Provisions for liabilities Pension obligations Long-term financial liabilities Provisions for liabilities Deferred tax Total provisions for liabilities Other long-term debt Liabilities to credit institutions Bond Other long term debt Total other long term debt Total long term debt Current liabilities Liabilities to credit institutions Accounts payable Tax payable Official taxes and duties Other current liabilities Total current liabilities Total liabilities and equity Oslo, 11. February 2015 Sveinung Svebestad Chairman of the board Bente Roer Oddveig Gikling-Bjørnå Teig Madsen Live Major Kari Redse Håskjold Deputy Chairman Inger Lise Aarrestad Rettedal Robert Søndrål Jorunn Egeland Trond Andersen Arne Kristian Kolberg CEO Kjersti Hoff Sverre A. Lang-Ree Ken Ove Sletthaug Viggo Sennesvik 7