Strategic Review


62 Finsbury Food Group Annual Report & Accounts 2018


Notes to the Consolidated Financial Statements


Corporate Governance


Financial Statements


2. Revenue and Segment Information (continued) 52 week period ended 30 June 2018


External revenue continuing Adjusted operating profit


Fair value foreign exchange contracts Defined benefit pension scheme Significant non-recurring items Results from operating activities Finance income Finance cost


Net finance cost


Share of losses of equity accounted investees after tax Profit before taxation Taxation


Profit for the financial year


At 30 June 2018 Segment assets Unallocated assets


Consolidated total assets Segment liabilities Unallocated liabilities


Consolidated total liabilities


Other segment information Capital expenditure


Depreciation included in segment profit Amortisation


Impairment of assets Inter-segmental sale/(purchases) Analysis of unallocated assets and liabilities:


Assets £000


Investments Financial instruments


Cash and cash equivalents Taxation balances Unallocated assets


28 558


9,363 6


9,955


Loans and borrowings Financial instruments


Cash and cash equivalents Taxation balances


Unallocated liabilities


Liabilities £000


(24,685) (40) -


(95) (24,820)


With regard to revenue, five customers with sales of £60.0 million, £40.0 million, £31.0 million, £24.0 million and £18.0 million account for 57% of revenue, which is attributable to the UK bakery and Overseas segments above.


12,433 6,979 715 987


9,538


173 62 - -


(9,538)


- - - - -


187,260 (64,358) 7,138 (4,684) 752 (6,661)


UK bakery £000


271,127 15,607 (145) 411


(13,067) 2,806


Overseas £000


32,473 2,348 194 - -


2,542


Group operations £000


-


(111) - - -


(111)


Total Group £000


303,600 17,844 49


411


(13,067) 5,237 167


(929) (762) -


4,475


(1,311) 3,164


195,150 9,955


205,105 (75,703) (24,820) (100,523)


12,606 7,041 715 987 -


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