Home > Annual Report 2010
Key figures As a cooperative of Dutch sugar beet growers, Cosun pays its members for the beet they supply on the basis in part of the results achieved from processing beet into sugar and by-products and from selling sugar and its by-products. The beet price is recognised in full in the profit and loss account under cost of raw materials and consumables and accordingly influences the operating profit and net profit shown in the table below.

In million of euros unless stated otherwise 2010 2009 2008 2007 2006
Net turnover 1,766 1,758 1,689 1,713 1,469
Operating profit ** 157 77 86 100 111
Operating profit before amortisation of goodwill and
incidental items * / **

108

91

70

115

72
Net result** 109 47 41 56 66
Cash flow from operating activities 71 225 114 117 178
Depreciation of tangible fixed assets 76 75 74 68 55
Capital expenditure on tangible fixed assets 57 45 67 100 95
Capital and reserves ** / ***** 789 719 701 686 613
Group equity ** / ***** 807 739 724 705 631
Group equity as a percentage of total assets 52 48 43 40 45
Total assets ** 1,553 1,544 1,669 1,750 1,391
Average number of employees in FTEs 4,485 4,522 4,266 4,337 4,210
Sugar beet price *** 43.00 43.00 39.44 41.31 49.05
Distribution on shares **** 3.00 2.25 0.25 6.00 -
Members’ bonus 64 50 33 33 31
Sugar beet purchases from members 217 231 221 217 173

* Incidental items consist of impairments in the value of fixed assets, reorganisation provisions, restructuring aid and gains on the sale of participating interests and tangible fixed assets.
** In accordance with an amendment to Annual Reporting Guideline 271,3, the 2009 figures have been restated.
*** Price in EUR per tonne of beet with average sugar content and average extractability.
****   Amount in EUR per tonne of quota beet, paid on shares entitled to distributions from other activities.
*****   In accordance with Annual Reporting Guideline 620, the 2008 figures have been restated.