At its regular meeting on Wednesday 29 April, the Members’ Council of Zuivelcoöperatie FrieslandCampina U.A. approved the financial statements for 2014. It also approved the decision by the Cooperative Board to adopt the 2014 financial statements of Royal FrieslandCampina N.V. The Members’ Council further approved the reappointment of Board members Jan Keijsers and Hans Stöcker.
The approval of the financial statements included a profit appropriation in the form of a performance premium for the member dairy farmers of “Zuivelcoöperatie FrieslandCampina U.A” (the co-operative). FrieslandCampina’s performance payment to its member dairy farmers consists of the performance premium and the issue of fixed member bonds for the farm milk they supplied throughout 2014.
- FrieslandCampina distributed a total of 277 million euros over and above the guaranteed milk price to member dairy farmers in 2014 (compared with 282 million euros in 2013).
- The performance premium came to a total of 176 million euros (1.86 euros per 100 kilos of milk, excluding VAT).
- The distribution of fixed member bonds in 2014 totalled 101 million euros (1.07 euros per 100 kilos of milk, excluding VAT). The company’s total performance per 100 kilos of milk in 2014 was 2.93 euros (2013: 3.04 euros).
Between 23 March and 10 April, the Board of the Cooperative and the management of the company discussed the annual results of Royal FrieslandCampina N.V. with the member farmers at 80 district meetings.