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  • Independent auditors' report
  • Consolidated income statement
  • Consolidated statement of recognised income and expense
  • Consolidated balance sheet
  • Consolidated cash flow statement
  • Company balance sheet
  • Company statement of recognised income and expense and cash flow statement
  • Notes to the financial statements
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Notes to the financial statements - 23 Notes to the financial statements - 21

Notes to the financial statements

for the year ended 3 January 2009

22.Assets and liabilities classified as held for sale and included in disposal groups


2008
€'000
  2007
€'000
Assets
Inventory -   9,224
Trade and other receivables -   11,080
Assets included in disposal group -   20,304
Liabilities
Trade and other payables -   17,647
Liabilities included in disposal group -   17,647

A strategic review of Pigmeat operations was conducted during 2007, following which a decision was made to exit these operations. On 19 December 2007, the Group signed non-binding heads of agreement and following further negotiation, an agreement was signed on 3 March 2008 to sell the Pigmeat operations to the Management Buy Out ('MBO') team.

© Glanbia plc 2009