Valio Annual Report
ANNUAL REPORT 1995 1 CONTENTS Five-year Group Statistics 3 Review by the CEO 4 The Best Milk in Europe - Fresh Every Day 5 Valio, Group Organization 5 Supervisory Board, Board of Directors, Auditors 6 Annual Report by the Board of Directors 8 Consolidated Statement of Income 11 Consolidated Balance Sheet 12 Consolidated Statement of Sources and Application of Funds 14 Parent Company Statement of Income 15 Parent Company Balance Sheet 16 Parent Company Statement of Sources and Application of Funds 18 Notes to the Consolidated and Parent Company Financial Statements 19 Proposal by the Board of Directors to the Annual General Meeting 28 Report of the Auditors 29 Statement by the Supervisory Board 29 The Impact of EU Membership on the Milk Market 30 Milk Procurement and Development 30 Fresh Products 33 Cheese 35 Edible Fats 38 Milk Powder and UHT Products 39 Ice Cream 40 Domestic Sales 42 GG - An International Breakthrough 43 Valio Owners 44 Valio Consolidated and Shareholder Dairies 44 Addresses 45 Cover: Swimmer Anu Koivisto Nordic Junior Championships 1994, gold medal European Junior Championships 1995, silver medal Finnish Junior Championships 1996: • four gold medals • one silver relay medal • one bronze relay medal • three Finnish records 2 Five-year Group Statistics 1995 1994 1993 1992 1991 Net sales, FIM million 7,966.1 8,578.0 8,624.8 7,369.9 7,566.6 Change % -7.1 -0.5 +17.0 -2.6 +3.7 Domestic, FIM million 6,422.7 6,416.3 6,527.1 5,366.7 5,551.2 Change % +0.1 -1.7 +21.6 -3.3 +5.3 International operations, FIM million 1,543.4 2,161.7
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