FrieslandCampina Members’ Council approves 2015 financial statements

14 April 2016

At its regular meeting on Wednesday 13 April, the Members’ Council of Zuivelcoöperatie FrieslandCampina U.A. approved the financial statements for 2015. It also approved the decision by the Cooperative Board to adopt the 2015 financial statements of Royal FrieslandCampina N.V. At the same time it approved a performance premium and the issue of member bonds, that both are paid on top of the guaranteed price that member dairy farmers receive for the farm milk they supplied throughout 2015.

  • The total paid out to the member dairy farmers for 2015 on top of the guaranteed price was 355 million euro (2014: 277 million euro).
  • The performance premium was 226 million euro (2.25 euro per 100 kilos of milk excluding VAT).
  • The distribution of member bonds for 2015 amounted to 129 million euro (1.28 euro per 100 kilos of milk excluding VAT).
  • Together the value creation (performance premium and distribution of member bonds) per 100 kilos of milk added up to 3.53 euro (2014: 2.93 euro), an increase of 20.5 percent.

In September 2015 the member dairy farmers received an interim payment of 2.018 euro per 100 kilos of milk. This was 75 percent of the pro-forma performance premium for the first half of the year (1.009 euro per 100 kilos of milk for a full year).

From 9 until 31 March, 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 81 member meetings.