Notes to the financial statements

for the year ended 3 January 2009

5.Segment information

Primary reporting format - geographic segments

The Group's internal financial system reports segment performance by two main geographic areas, Ireland and International. On this basis segment information has been restated to include Consumer Foods and Agribusiness & Property under Ireland and Food Ingredients and Nutritionals under International. The comparatives for year ended 29 December 2007 have been restated.

The segment results for the year ended 29 December 2007 are as follows:

2007	Ireland €'000	International €'000	Group €'000
Total gross segment revenue	803,855	1,529,310	2,333,165
Inter-segment revenue	(492)	(126,106)	(126,598)
Revenue	803,363	1,403,204	2,206,567
Operating profit pre exceptional items	30,640	85,194	115,834
Exceptional items	(23,463)	-	(23,463)
	7,177	85,194	92,371
Finance income and costs			(17,282)
Share of results of joint ventures and associates			992
Profit before tax			76,081
Tax			(15,841)
Profit for the year			60,240

The segment results for the year ended 3 January 2009 are as follows:

2008	Ireland €'000	International €'000	Group €'000
Total gross segment revenue	743,061	1,630,682	2,373,743
Inter-segment revenue	(85)	(141,497)	(141,582)
Revenue	742,976	1,489,185	2,232,161
Operating profit pre exceptional items	51,530	82,524	134,054
Exceptional items	(15,548)	(3,755)	(19,303)
	35,982	78,769	114,751
Finance income and costs			(21,105)
Share of results of joint ventures and associates			6,359
Profit before tax			100,005
Tax			(20,636)
Profit for the year			79,369

Inter-segment transfers or transactions are entered into under the normal commercial terms and conditions that would also be available to unrelated third parties.

Other segment items included in the income statement for the year ended 29 December 2007 are as follows:

2007	Ireland €'000	International €'000	Group €'000
Depreciation	9,828	17,418	27,246
Amortisation of intangibles	3,076	3,740	6,816
Capital grants released to income statement	(669)	(67)	(736)
Restructuring costs - exceptional items	(23,463)	-	(23,463)

Other segment items included in the income statement for the year ended 3 January 2009 are as follows:

2008	Ireland €'000	International €'000	Group €'000
Depreciation	7,463	18,326	25,789
Amortisation of intangibles	2,771	5,586	8,357
Capital grants released to income statement	(106)	(494)	(600)
Restructuring costs - exceptional items	(15,548)	(3,755)	(19,303)

The segment assets and liabilities at 29 December 2007 and capital expenditure for the year then ended are as follows:

2007	Ireland €'000	International €'000	Unallocated €'000	Group €'000
Assets	232,934	651,291	224,010	1,108,235
Associates and joint ventures	-	-	68,057	68,057
Total assets	232,934	651,291	292,067	1,176,292
Liabilities	(113,212)	(257,977)	(570,528)	(941,717)
Group capital expenditure and acquisitions	9,564	59,542	878	69,984

The segment assets and liabilities at 3 January 2009 and capital expenditure for the year then ended are as follows:

2008	Ireland €'000	International €'000	Unallocated €'000	Group €'000
Assets	233,713	946,569	198,195	1,378,477
Associates and joint ventures	-	-	76,492	76,492
Total assets	233,713	946,569	274,687	1,454,969
Liabilities	(106,920)	(393,261)	(726,869)	(1,227,050)
Group capital expenditure and acquisitions	24,338	276,125	4,151	304,614