DOCSLIB.ORG

Glanbia Co-Operative Society 2020 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Glanbia Co-Operative Society 2020 Annual Report Glanbia Co-operative Society Annual Review 2020 Staying Safe, Staying Strong. Contents This Year’s Highlights 3 Chairman’s Statement 4 Keeping the Show on the Road 8 Group Managing Director Statement 10 Glanbia Ireland 12 Glanbia Ireland Schemes and Initiatives for 2020 17 Glanbia plc 18 Joint Venture Expansion 20 Glanbia Co-operative Society 22 Board Members 22 Council Members 24 Regional Committee Members 26 Summary Profit and Loss Account 28 Summary Balance Sheet 28 Summary Cashflow 29 Consolidated Group Income Statement 30 Consolidated Group Balance Sheet 31 Change in Basis of Accounting for Investees 32 2 Glanbia Co-operative Society Limited Annual Review – 2020 This Year’s Highlights 4,500 3 billion Members participated in litres 2020 Trading Bonus Scheme Gl milk intake in 2020 €41.9 million Total payments to Co-op Members in 2020 350 €1.44 New Members in Total share interest/dividend past 5 years per share in past five years €43.7 million Dividend income received by Glanbia Co-op in 2020 3 Chairman’s Statement Dear Member 2020 was a uniquely challenging year for us all. Glanbia Co-op (“the Co-op”) faced this global crisis in the same way we have met challenges throughout our 100-year history. We responded with dedication and agility and kept our products and services moving nationally and internationally without skipping a beat. While our response to the Covid-19 pandemic is explored throughout this report, I want to note from the outset that I have never been more proud of our Co-op Members, suppliers, contractors and employees for the commitment they have shown over the past 12 months. Their willingness to embrace new ways of working that prioritised the health and wellbeing of our customers, employees and suppliers is commendable. I would like to extend my personal thanks to them all. Member Supports During 2020, the Co-op once again provided appropriate supports to our milk suppliers and grain growers in coping with market challenges. The total value of supports paid to Members during 2020 in respect of milk and grain supply, as well as feed purchases, was €32.2 million. These were paid from the support funds approved by Members at our Special General Meetings (SGM) in 2018 and 2019. Share Interest/Dividends The Co-op continued to pursue a progressive dividend policy during 2020. In May 2020 Share Interest (“Special Dividend”) of 13.5 cent per share was paid to all Members on the Share Register at 29 May 2019, the date of the SGM of Glanbia Co-op at which this payment was approved. At the AGM held on 6 October 2020, Members approved a further payment of Share Interest (“Dividend”) of 15 cent per share which was paid to all Members on the Share Register at that date. The total value of all Share Interest payments during 2020 was 28.5 cent per share (€9.7 million). The Co-op Board is always mindful of its obligations to all shareholders, paying total share interest of €1.44 per share in the five year period up to and including 2020. At the forthcoming AGM of the Society which will take place on 2 June 2021, the Board is proposing that Members approve a Share Interest payment of 16.5 cent per share, (totalling €6.2 million) payable to Members on the Share Register at that date. This is an increase of 10% on the previous year’s payment. Utilisation of Glanbia Ireland Dividend in 2020 Glanbia Co-op owns 60% of Glanbia Ireland (GI) and receives a dividend each year which equates to 30% of the milk processor’s annual Profit After Tax (PAT). This dividend paid by GI to the Co- op was returned to Members through Trading Bonus Schemes in 2018 and 2019 which were paid based on the level of trade for 4 Glanbia Co-operative Society Limited Annual Review – 2020 SUSTAINABLE FARMING Shane Fitzgerald, Co. Waterford. We are committed to farming in a way that helps the environment and makes a positive contribution towards a more sustainable future. “We milk 200 cows on a 90-hectare dairy farm in Co. Waterford. Our stocking rate now is just 2.4. It is a very safe and efficient We place a huge emphasis on sustainable farming, not just from number because we’re matching our grass growth to the cows that a biodiversity perspective but also in relation to maximising we’re carrying and matching our fertiliser as well. The heifers are efficiencies on the farm. contract-reared so that takes the pressure off the system. We don’t have to buy too much feed and we don’t have to spread as much For me, biodiversity is all about having a variety of species, both fertiliser. flora and fauna, that live in harmony with one another. This includes different types of animals, plants and pollinators. In We also invested in solar panels under the Glanbia FarmGen maintaining the natural flora and fauna, it helps our production programme. They are on the roof of our calving shed so they are system through maximising efficiencies in growing grass and hopefully going to cover up to 30% of our energy requirements. getting the most from our herd. In the winter our farm turns into something of a nature reserve. Measures included in the revised Nitrates Action Programme don’t Whooper swans arrive here every winter from Iceland. They take dramatically impact on the farm as we have been implementing up about maybe 20 acres of the fields, it is great to see them. proper fencing and water trough placement for years. Where We just leave them graze away, we don’t go near them really. It’s possible, we keep our fences out one and a half meters from something nice to have on the farm and something different. We the ditches to create a buffer zone or wildlife corridor. It also see more and more coming every year. means that bees have a little bit of space for pollination. Again that’s something that doesn’t take away from the production on We are committed to farming in a way that helps the environment the farm, it’s only a small bit of ground, but it does make a big too and makes a positive contribution towards a more sustainable difference when you add it all together for creating biodiversity. future.” milk and grain suppliers. In addition, beef, sheep and pig farmer decision. This is very disappointing. Additional investment in customers that are Glanbia Co-op Members qualified for a Feed our existing facilities and cooperation with other processors can Bonus on tonnes purchased. facilitate some milk volume growth at peak, but not at the level that matches our farmers’ production plans for the coming years. I know In 2020 the Board approved a new distribution model for the that this is a cause of significant disappointment for many of our dividend received from GI. Commencing in January of 2020, milk milk suppliers. supplier Members of Glanbia Co-op received a 0.4 cent per litre (cpl) payment each month on all milk supplied as their “Share of GI Following the announcement on 15 March 2021, of the Peak Profit”. This payment to Members was adjusted to reflect the actual Supply Management Policy, Jim Bergin and his senior GI constituents of the milk delivered and enabled Members to benefit management colleagues engaged with our regional committee from the GI dividend on a more immediate basis. structure, hearing their concerns and constructive suggestions. Over the course of 2020, a total of €12.9 million was paid to Having carefully considered this feedback on 30 March, GI milk supplier Members as their Share of GI Profit. The Board has announced a number of amendments to the policy. Among the decided to maintain this distribution for 2021. new measures announced was a €6.7 million Voluntary Peak Reduction Scheme that will be funded by Glanbia Co-operative The Board believes that the combination of the monthly Share of Society. The Co-op Board has decided to fund the Voluntary Peak GI Profit payment on milk and the 2021 Trading Bonus Scheme is Reduction Scheme as it will free up milk processing capacity during an equitable and transparent means of returning the Co-op’s share peak which can be allocated via a “Reserve Pool”. The Reserve Pool of GI profit to our active farmer Members. will allocate additional peak volumes to ‘exceptional cases’ where, Members were also provided with the opportunity to take part in for example, there has been a notifiable herd disease outbreak in the 2020 Trading Bonus Scheme which rewarded Members on the base period. their trading levels on a similar basis to the 2018 and 2019 Trading This Reserve Pool will also be open to applications from expanding Bonus Schemes. The Trading Bonus Scheme rewards our Members suppliers that meet a defined set of criteria. The Co-op Board for trading with the business that they majority own, GI. is acutely aware that many milk suppliers have made significant €6.5 million was paid to Members in February 2021 as part of on-farm investments in recent years and the Reserve Pool aims the 2020 Trading Bonus Scheme, comprising €4.7 million to milk to alleviate where possible the challenge of restrictions on peak suppliers, €1.4 million to grain growers and €0.4 million feed supply for as many suppliers as possible. bonuses. A further €0.8 million will be paid to grain growers during It is also important to state that there are defined criteria and the summer on completion of the 2020 dried grain harvest.
Load more

Recommended publications
  • 2018 Annual Report and Form 20-F
    Overview Strategy Review Business Performance Governance Financial Statements Supplementary 20-F Disclosures Shareholder Information Index 2018 Annual Report and Form 20-F Overview Strategy Review Business Performance Governance Financial Statements Supplementary 20-F Disclosures Shareholder Information Index CRH Annual Report and Form 20-F I 2018 CRH Annual Report and Form 20-F I 2018 Contents 2018 How our Performance Overview Business Performance Financial Statements Our Global Business in 2018 ....................2 Business Overview .................................26 Independent Auditor’s Reports .............112 Why Invest in Us .......................................4 Finance Director’s Review .......................27 Consolidated Financial Statements .......123 Highlights Chairman’s Introduction ............................5 Segmental Reviews ................................32 Accounting Policies ..............................128 Notes on Consolidated Strategy Review Governance Financial Statements ............................139 €26.8bn Chief Executive’s Review ..........................8 Board of Directors ..................................54 global Sales €25.2bn Strategy ..................................................10 Corporate Governance Report ...............58 Supplementary 20-F Disclosures ......214 Business Model ......................................12 Directors’ Remuneration Report..............68 Shareholder Information ....................238 Measuring Performance ..........................14 Directors’ Report
    [Show full text]
  • Durrow Convent Public Water Supply
    County Kilkenny Groundwater Protection Scheme Volume II: Source Protection Zones and Groundwater Quality July 2002 Dunmore Cave, County Kilkenny (photograph Terence P. Dunne) Tom Gunning, B.E., C.Eng., F.I.E.I. Ruth Buckley and Vincent Fitzsimons Director of Services Groundwater Section Kilkenny County Council Geological Survey of Ireland County Hall Beggars Bush Kilkenny Haddington Road Dublin 4 County Kilkenny Groundwater Protection Scheme Authors Ruth Buckley, Groundwater Section, Geological Survey of Ireland Vincent Fitzsimons, Groundwater Section, Geological Survey of Ireland with contributions by: Susan Hegarty, Quaternary Section Geological Survey of Ireland Cecilia Gately, Groundwater Section Geological Survey of Ireland Subsoils mapped by: Susan Hegarty, Quaternary Section, Geological Survey of Ireland Supervision: Willie Warren, Quaternary Section, Geological Survey of Ireland in collaboration with: Kilkenny County Council County Kilkenny Groundwater Protection Scheme – Volume II Table of Contents Sections 1 to 6 are contained within Volume I. They comprise an overall introduction, classifications of aquifers and vulnerability, and overall conclusions. 7. GROUNDWATER QUALITY ................................................................................................................... 4 7.1 INTRODUCTION ........................................................................................................................................... 4 7.2 SCOPE ........................................................................................................................................................
    [Show full text]
  • Cliffe / Vigors Estate 1096
    Private Sources at the National Archives Cliffe / Vigors Estate 1096 1 ACCESSION NO. 1096 DESCRIPTION Family and Estate papers of the Cliffe / Vigors families, Burgage, Old Leighlin, Co. Carlow. 17th–20th centuries DATE OF ACCESSION 16 March 1979 ACCESS Open 2 1096 Cliffe / Vigors Family Papers 1 Ecclesiastical 1678–1866 2 Estate 1702–1902 3 Household 1735–1887 4 Leases 1673–1858 5 Legal 1720–1893 6 Photographs c.1862–c.1875 7 Testamentary 1705–1888 8 John Cliffe 1729–1830 9 Robert Corbet 1779–1792 10 Dyneley Family 1846–1932 11 Rev. Edward Vigors (1747–97) 1787–1799 12 Edward Vigors (1878–1945) 1878–1930 13 John Cliffe Vigors (1814–81) 1838–1880 14 Nicholas Aylward Vigors (1785–1840) 1800–1855 15 Rev. Thomas M. Vigors (1775–1850) 1793–1851 16 Thomas M.C. Vigors (1853–1908) 1771–1890 17 Cliffe family 1722–1862 18 Vigors family 1723–1892 19 Miscellaneous 1611–1920 3 1096 Cliffe / Vigors Family Papers The documents in this collection fall into neat groups. By far the largest section is that devoted to the legal work of Bartholomew Cliffe, Exchequer Attorney, who resided at New Ross. Many members of the Cliffe family were sovereigns and recorders of New Ross (Journal of the Royal Society of Antiquaries of Ireland, vol. ix, 1889, 312–17.) Besides intermarrying with their cousins, the Vigors, the Cliffe family married members of the Leigh and Tottenham families, these were also prominent in New Ross life (Journal of the Royal Society of Antiquaries of Ireland), [op. cit.]. Col Philip Doyne Vigors (1825–1903) was a Vice President of the Royal Society of Antiquaries of Ireland.
    [Show full text]
  • Applications Granted
    DATE : 21/09/2011 KILKENNY COUNTY COUNCIL TIME : 15:40:28 PAGE : 1 P L A N N I N G A P P L I C A T I O N S PLANNING APPLICATIONS GRANTED FROM 11/09/2011 TO 17/09/2011 in deciding a planning application the planning authority, in accordance with section 34(3) of the Act, has had regard to submissions or observations recieved in accordance with these Regulations; that it is the responsibility of any person wishing to use the personal data on planning applications and decisions lists for direct marketing purposes to be satisfied that they may do so legitimately under the requirements of the Data Protection Acts 1988 and 2003 taking into account of the preferences outlined by applicants in their application FILE APP. DATE M.O. M.O. NUMBER APPLICANTS NAME TYPE RECEIVED DEVELOPMENT DESCRIPTION AND LOCATION DATE NUMBER 10/718 The Aspect Hotel Kilkenny c/o R 23/12/2010 RETENTION PERMISSION for a new bored well to 16/09/2011 420 Clement Gleeson GM on behalf of supplement existing public supply and all associated site the Dirs of PREM Group works the townlands of Springhill and Smithland South Co. Kilkenny 11/189 Stephen & Jean Calnan P 18/04/2011 to construct (1) A single storey extension to the side and 12/09/2011 411 rear (2) A first floor extension over the living area, along with all associated works to an existing bungalow Ballytarsney Mooncoin Co. Kilkenny 11/275 Michael E. Walsh P 02/06/2011 to erect dwellinghouse and all associated works 16/09/2011 419 Ballyhomuck Bigwood Mullinavat Co.
    [Show full text]
  • 2015-Annual-Report-Glanbia.Pdf
    Glanbia plc Annual Report and Accounts 2015 DELIVERING BETTER NUTRITION FOR EVERY STEP OF LIFE’S JOURNEY Glanbia plc Annual Report and Accounts 2015 HIGHLIGHTS OF 2015 Another year of DOUBLE DIGIT GROWTH Forward-Looking Statements We are pleased to report a sixth consecutive year Glanbia plc (‘the Group’) has made forward-looking of double digit growth. We achieved a reported statements in this Annual Report that are based on management’s beliefs and assumptions and growth of 29.4% in adjusted earnings per share on information currently available to management. Forward-looking statements include, but are not (10.6% increase constant currency). We also achieved limited to, information concerning the Group’s possible or assumed future results of operations, a 29.9% increase in EBITA (10.5% constant currency) business strategies, financing plans, competitive with margin expansion of 160bps (130bps constant position, potential growth opportunities, potential operating performance improvements, the effects currency) and strong operating cashflow of €281.4 of competition and the effects of future legislation or regulations. Forward-looking statements include million. We are increasing our dividend by 10% to all statements that are not historical facts and can be identified by the use of forward-looking 12.1 cent per share. The outlook is positive and terminology such as the words ‘believe,’ ‘develop,’ we are guiding 8% to 10% growth in adjusted ‘ensure,’ ‘arrive,’ ‘achieve,’ ‘anticipate,’ ‘maintain,’ ‘grow,’ ‘aim,’ ‘deliver,’ ‘sustain,’ ‘should’ or the earnings per share, constant currency, for 2016. negative of these terms or similar expressions. Forward-looking statements involve risks, uncertainties and assumptions.
    [Show full text]
  • Glanbia Reports Improving Trends in Q3 2020
    THIRD QUARTER 2020 INTERIM MANAGEMENT STATEMENT Glanbia reports improving trends in Q3 2020 29 October 2020 – Glanbia plc, the global nutrition group (‘Glanbia’ or the ‘Group’), is issuing this Interim Management Statement for the nine month trading period ended 3 October 2020 (“Q3 YTD” or “first nine months of 2020”). Summary Improving trends in Q3 2020 while navigating the challenges resulting from the Covid-19 pandemic; Q3 YTD wholly owned revenues up 1.0% reported. On a like-for-like* basis up 3.1% versus prior year; Good performance from Glanbia Nutritionals (“GN”) maintaining growth trajectory, Q3 YTD like-for-like revenues up 10.9% versus prior year; Foodarom acquisition closed in the third quarter; Improving trends in Glanbia Performance Nutrition (“GPN”) in the third quarter. Q3 2020 like-for-like branded revenue down 2.3% versus Q3 2019 with positive pricing. Q3 2020 EBITA margin in double digits; GPN transformation programme on track and delivering margin improvements; Joint Ventures (“JVs”) continue to deliver a robust performance; Group is in a strong financial position, net debt at Q3 period end improved by €187.7 million versus the prior year with a net debt to EBITDA ratio of 1.95 times; Glanbia announces intention to launch a share buy-back programme of up to €50 million; and In Q4 2020, notwithstanding continued Covid-19 related uncertainty, Glanbia expects GN and JVs to continue to deliver a resilient earnings performance in addition to further sequential improvement in GPN. Commenting today, Siobhán Talbot, Group Managing Director said: “I would like to again acknowledge the tremendous efforts of all my Glanbia colleagues as well as our supplier and customer partners as we navigate the challenges of 2020.
    [Show full text]
  • Glanbia Plc 2009 Annual Report
    Glanbia plc 2009 Annual Report Glanbia plc Glanbia plc, Glanbia House, Tel +353 56 777 2200 Kilkenny, Ireland. Fax +353 56 777 2222 www.glanbia.com 2009 Annual Report Cautionary statement The 2009 Annual Report contains forward-looking statements. These statements have been made by the Directors in good faith, based on the information available to them up to the time of their approval of this report. Due to the inherent uncertainties, including both economic and business risk factors, underlying such forward- looking information, actual results may differ materially from those expressed or implied by these forward-looking statements. The Directors undertake no obligation to update any forward- looking statements contained in this report, whether as a result of new information, future events, or otherwise. Get more online www.glanbia.com Glanbia plc 2009 Annual Report Contents 1 Overview of Glanbia Introduction 2 Financial results 3 Glanbia at a glance 4 Directors’ report: Business review Chairman’s statement 6 Group Managing Director’s review 8 International growth strategy 10 Operations review US Cheese & Global Nutritionals 14 Dairy Ireland 16 Joint Ventures & Associates 18 Finance review 22 Risk management 28 Our responsibilities 30 Our people 31 Directors’ report: Corporate governance Board of Directors 34 Statement on corporate governance 36 Statement on Directors’ remuneration 46 Other statutory information 54 Statement of Directors’ responsibilities 55 Financial statements Independent auditors’ report to the members of Glanbia
    [Show full text]
  • Morning Wrap
    Morning Wrap Today ’s Newsflow Equity Research 26 Apr 2016 Upcoming Events Select headline to navigate to article Paper & Packaging Leipa capacity addition may be Company Events delayed further 27-Apr CRH; Q1 IMS Glanbia; Q1'16 resutls Kerry Group; Q1'16 results 28-Apr Bank of Ireland; Q1'16 results Origin Enterprises Q1 updates from Bayer and Du Pont Howden Joinery; Trading update Applegreen Another independent operator gets funding to drive growth Builders Merchants Growth slows for Carpetright but upgrade gross margin guidance Breedon Aggregates Proposal put forward to the CMA to satisfy competition concerns Economic Events Ireland 28-Apr Retail Sales Mar'16 29-Apr Unemployment Rate Apr'16 UK Economic View Sterling benefits as “Remain” Residental Property Prices YoY Mar campaign gains momentum United Kingdom 26-Apr BBA Loans for House Pucrhase Mincon Group Sandvik report Q1 results; Mining continues 27-Apr GDP YoY 28-Apr Nationwide House Price NSA YoY to see challenges United States 26-Apr US Services PMI CPL Resources Randstad Q1 in-line, though UK lags Durable Goods Orders 27-Apr Pending Home Sales MoM 28-Apr GDP Annualised QoQ Glanbia 8% organic growth at DSM’s human nutrition 29-Apr U. of Michigan Sentiment Chicago Purchasing Manager division Europe 29-Apr CPI Apr'16 Unemployment Rate GDP SA YoY Goodbody Capital Markets Equity Research +353 1 6419221 Equity Sales +353 1 6670222 Bloomberg GDSE<GO> Goodbody Stockbrokers (trading as Goodbody) is regulated by the Central Bank of Ireland. For the attention of US clients of Goodbody Securities Inc, this third-party research report has been produced by our affiliate Goodbody Stockbrokers.
    [Show full text]
  • FBD Holdings Annual Report 2018
    Protection. It’s in our nature. FBD Holdings plc Annual Report 2018 In the years report Strategic Report 1 FBD at a Glance 1 Financial Highlights 2 2018 in Pictures 3 Chairman's Statement 4 Review of Operations 8 Our Business Model 14 Our Strategy 16 Risk & Uncertainties Report 18 Corporate Social Responsibility 25 Corporate Information 29 Governance 32 Board of Directors 32 Report of the Directors 34 Corporate Governance 40 Report on Directors’ Remuneration 50 Directors’ Responsibilities Statement 59 Independent Auditors’ Report 60 Financial Statements 70 Consolidated Income Statement 70 Consolidated Statement of Comprehensive Income 71 Consolidated Statement of Financial Position 72 Consolidated Statement of Cash Flows 74 Consolidated Statement of Changes in Equity 75 Company Statement of Financial Position 76 Company Statement of Cash Flows 77 Company Statement of Changes in Equity 78 Notes to the Financial Statements 79 Other Information 138 Alternative Performance Measures 138 Letter from the Chairman in relation to the Annual General Meeting 140 Notice of Annual General Meeting 142 STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION FBD at a Glance Established in the 1960s by farmers for farmers, FBD has built on those roots in agriculture to become a leading general insurer directly serving the needs of agricultural, small business and consumer customers throughout Ireland. 2018 Performance Highlights PROFIT BEFORE TAX COMBINED OPERATING RATIO GROSS WRITTEN PREMIUM €50m 81% €372m In line with €50m profit Improvement
    [Show full text]
  • Teagasc/Glanbia Monitor Farm Programme
    Teagasc/Glanbia Monitor Farm Programme 2015 - 2018 SOME OF THE PROGRAMME SUCCESSES FROM 2014 TO 2018 2014 2018 Cow Number 100 175 Milk Solids Per Cow 393 496 (kgMS/Cow) Milk Solids Per ha 813 1,340 (kgMS/ha) Overall Stocking Rate 2.07 2.70 (LU/ha) Grass Growth 13 13 (tonnesDM/ha) Soil Fertility Lime 40 90 (% Index 2&3) Phosphorous 50 70 Potassium 55 50 Six Week Calving Rate (%) 73 86 SCC (,000) 187 123 Milk Price 39.3 37.16 (Cent/litre) Net Profit Per Cow (€) 713 652 (Before Drawings, Tax, Capital Repayment) Net Margin/Dairy ha (€) 1,475 1,760 SUPPORTING SUSTAINABLE GROWTH Purpose: The overall purpose of this Joint Programme was to ensure that suppliers were equipped with the necessary skills and knowledge to sustainably and profitably develop their dairy farm businesses, following quota removal in April 2015. Objectives: This Joint Programme had six objectives: • Improved cost control and farm profitability achieved through better financial and business management skills • Increased grass growth with maximised forage usage • Improved herd fertility leading to optimised calving pattern • Increased milk solids production per cow and per hectare • Improved milk quality to meet more challenging market requirements • Maximised compliance with the Open Source Sustainability standard Eleven monitor farms play a central role in promoting the adoption of the new and existing technologies. 2018 2015 Grassland Maintenance All the farms were soil tested in 2015 at the start of the Programme. pH was very low on all the farms. Most farms spread 5 tons of lime per hectare in the first year and spread more if required in 2017.
    [Show full text]
  • Irish Foodservice Market Directory
    Irish Foodservice Market Directory NOVEMBER 2014 Growing the success of Irish food & horticulture www.bordbia.ie TABLE OF CONTENTS Page No. IRISH FOODSERVICE MARKET DIRECTORY 5 Introduction 5 How to use the Directory 5 Methodology 6 TOP 10 PRODUCER TIPS FOR BUILDING A SUCCESSFUL FOODSERVICE BUSINESS 7 FOODSERVICE MAP 9 COMMERCIAL CHANNELS 11 QUICK SERVICE RESTAURANTS (QSR) 13 AIL Group 14 Domino’s Pizza 18 McDonald’s 21 Subway 24 Supermac’s 26 FORECOURT CONVENIENCE 29 Applegreen 30 Topaz 32 FULL SERVICE RESTAURANTS (FSR) 35 Avoca Handweavers 36 Brambles 39 Eddie Rocket’s 42 Entertainment Enterprise Group 45 Itsa 49 Porterhouse Brewing Company 53 Wagamama 55 COFFEE SHOPS 59 BB’s Coffee and Muffins 60 Butlers Chocolate Café 62 Esquires Coffee House 64 Insomnia 66 MBCC Foods (Ireland) Ltd. T/A Costa Coffee *NEW 68 Quigleys Café, Bakery, Deli 70 streat Cafes (The) 72 HOTELS 75 Carlson Rezidor Hotel Group 76 Choice Hotels Ireland 80 Dalata Management Services 82 The Doyle Collection 87 Limerick Strand Hotel 89 Moran & Bewley’s Hotels 92 PREM Group 95 Talbot Hotel Group *NEW 98 Tifco Hotel Group 100 1 LEISURE/EVENTS 103 Dobbins Outdoor 104 Feast 106 Fitzers Catering Ltd 108 JC Catering 111 Masterchefs Hospitality 113 Prestige Catering Ltd 115 The Right Catering Company 117 With Taste 119 TRAVEL 123 Aer Lingus Catering 124 EFG Catering 128 Gate Gourmet Ireland 131 HMS Host Ireland Ltd 133 Irish Ferries 135 Rail Gourmet 138 Retail inMotion 140 SSP Ireland 142 INSTITUTIONAL (COST) CHANNELS 145 BUSINESS & INDUSTRY (B&I) 147 ARAMARK Ireland 148 Baxter Storey 151 Carroll Foodservices Limited 153 Compass Group Ireland 155 Corporate Catering Services Limited 157 Gather & Gather *NEW 160 KSG 162 Mount Charles Group *NEW 164 Premier Dining 167 Q Café Co.
    [Show full text]
  • Annual Report 2005
    A world of dairy foods and nutritional ingredients Annual Report 2005 CONTENTS Page 2 Glanbia Market Positions and Global Locations 4 Divisions and core activities 5 Financial highlights 6 Chairman’s Review 8 Group Managing Director’s Review 12 Operations Review Agribusiness and Property 16 Consumer Foods 22 Food Ingredients 28 Nutritionals 30 International Joint Ventures 34 Corporate Social Responsibility 36 Finance Review 38 Directors and Advisors 41 Report of the Directors 49 Financial Statements Glanbia market positions USA NO.1 US A Barrel Cheese Supplier NO.1 Whey Protein Isolate Supplier NO.3 American Cheddar Cheese Supplier CHICAGO IDAHO Glanbia’s strategy is to build international relevance in cheese, NEW MEXICO MEXICO Global Leading supplier of advanced technology whey proteins and fractions and global locations Ireland NO.1 Dairy Processor NO.1 Liquid Milk and Cream Brands NO.1 Cheese Processor NO.1 Pigmeat Processor IRELAND UK GERMANY dairy-based nutritional ingredients and selected consumer foods. Europe NO.1 Pizza Cheese Supplier CHINA NO.1 Supplier of Key Customised Nutrient Premixes NIGERIA 4 GLANBIA PLC ANNUAL REPORT 2004 Glanbia plc, the international dairy foods and nutritional ingredients Group Glanbia plc has operations in Ireland, Europe and the USA, with International joint ventures in the UK, USA and Nigeria. The Group is organised into three operating divisions of Agribusiness & Property, Consumer Foods and Food Ingredients, which includes the evolving Nutritionals business. Agribusiness & Property Consumer Foods Food Ingredients 12.52% of Group Turnover 26.97% of Group Turnover 60.51% of Group Turnover 13.26% of Group Operating Profit 33.68% of Group Operating Profit 53.06% of Group Operating Profit 12.52% 13.26% 26.97% 33.68% 60.51% 53.06% Agribusiness is the primary Glanbia Consumer Foods This division has operations interface whereby Glanbia trades incorporates liquid milk, chilled of scale in Ireland and the USA with its 5,700 Irish farmer suppliers.
    [Show full text]