1、Annual Report 2003/042The Chairmans Report 4CEOs review 8Fresh products 11Cheese14Butter and spreads16Ingredients18Innovation20Arla Foods responsibility 22Arla Foods employees 23Environment and working environment 25Other activities 29Finance review 33Managements statement and Auditors report 34Acco
2、unting policies 39Profit and loss account 40Balance sheet42Equity statement 43Cash flow statement 44Notes 54Group chart 56Map ContentsArla Foods mission is to offer modern consumersmilk-based products that provide inspiration,securityand well-beingArla Foods products are consumed all over the world,
3、24 hours a day,and in vastly differing situations.In this Annual Report photographer Hkan Lindgrenillustrates the meeting between people and some ofArla Foods products.Behind Arla Foods missionConsumer confidence is crucial to Arla Foods existence.While traditio-nal family values such as safety,natu
4、ralness and stability are an inte-gral part of the Group,we also wish to meet consumers desire forinspiration and enjoyment.This is why we use the word“modern”inour mission.Inspiration,security and well-being are concepts that belong to-gether.Once consumers feel secure with Arla Foods products,they
5、reready to try new ones.Consequently,quality in all its aspects is centralto Arla Foods.High environmental,ethical and product safety stan-dards must create the well-being we offer consumers in their experi-ence of Arla Foods products.Arla Foods Annual Report 2003/04Financial highlightsGroup01.10.20
6、0330.09.200201.10.200102.10.200017.04.2000DKK million30.09.200430.09.200329.09.200230.09.200101.10.2000Profit Turnover47,60840,64739,44138,13317,453Outside DK/SE28,13720,78119,80718,8238,200%outside DK/SE59%51%50%49%47%Operating profit1,1641,2421,4111,596547Interest income and expense,etc.-394-245-3