TINE engelsk 2001
Transcription
TINE engelsk 2001
T I NE NORWEGIAN DAIRIES BA ABBREVIATED ANNUAL REPORT 2001 ® Important events in 2001 * Annual meeting resolution to reorganise the dairy business * Relaunch of TINE’s organic products * First place in MMI’s study of the perception of large Norwegian concerns * Awarded Sponsorprisen (a sponsor prize) 2001 Contents Important events 2 What is the Dairy Cooperative? 3 An Historic Milestone 4 Key figures for the year 2001 5 What is the Dairy Cooperative? Summary of Board Report 6 Our business concept: Profit and Loss Account 8 Balance Sheet 9 Management Report 10 Management organization plan 15 TINE Dairies shall: • create value by orchestrating a finely balanced interplay between natural resources, agriculture and market forces. • process pure, natural ingredients into high-quality, healthy foodproducts which are preferred by consumers and confirm TINE Dairies as Norway’s leading food supplier. • TINE Dairies is owned by the cooperative of Norwegian milk producers. The Dairy Cooperative is owned by 23,000 milk producers who are shareholders in Norway’s dairy companies. In turn, the dairy companies own TINE Norwegian Dairies, which has the overall responsibility for production and distribution planning, product development, quality assurance, marketing and the export of TINE products. T I N E N O RW E G I A N DA I R I E S B A — A N N U A L R E P O RT TINE’s products are manufactured at 60 production plants operated and managed by the dairy companies.The Dairy Cooperative’s total turnover in 2001 was NOK 11,1 billion. Our objectives: 1. To attain the best possible milk price for our owners, the milk producers, and to maintain a business organization with the necessary strength to go on doing so in the future. 2. To create a workplace that invests in the best and keeps opportunities open for all employees. 3. To give our customers and consumers value for money. 4. To provide the country with a concern that guarantees a growth food industry. 3 AN HISTORIC MILESTONE In such a large and diversified concern as TINE there are events and developments every year which make a mark on the business and require special attention. 2001 was no exception in this respect, and the resolutions at the annual meetings of the dairy companies in spring 2001, definitely have to be described as historic.An overwhelming majority endorsed the paper known as "the Basic Document" ("Grunndokumentet"), the objective of which is to come up with agreements regarding a full amalgamation of all the TINE companies. If we look back over the history of the dairy business spanning more than 70 years, many important decisions have been made.The common feature of all of these is the fact that dairy producers got "input" or "assistance" from the authorities. Now it looks as if dairy producers and their employees will manage the current reorganisation through their own efforts.This is something we can congratulate ourselves on! Jan Ove Holmen President/CEO Almost 100 key TINE employees from all over the country have put in a great deal of work to shape the new company organisation.We have confidence in the result and are proud of the fact that the major part of it was achieved through our own efforts. The interest in being part of the process to lead TINE forward is overwhelming and testifies to the considerable loyalty and excellent strengths which we shall do our utmost to preserve. A good balance between milk production and what we manage to sell is becoming increasingly important so that the dairy business can pay the milk prices to the farmers allowed for in the common agreement on agriculture. In 2001 this balance was better than ever, meaning that the result was better than anticipated in the agreement. 4 Our customers, the grocery chains, are constantly making increased demands on their suppliers.As the chains get larger and become international, they expect flexibility, ability to adapt, common product development and more individual treatment from their suppliers.We have to see the positive side of this development, and I definitely think that the grocery chains want to see strong, predictable, long-term suppliers.TINE wants to be in at the forefront of these suppliers! Two years ago milk producers worked on the "TINE 2005" strategy document. It was agreed that we should use our strength and skills within the core business in order to venture into new business areas. So far we have seen relatively modest results from our venture, but in the course of the early months of 2002 Marian Seafood AS will be supplying individual shops with prepared fish products.We are following developments with interest. 2002 will necessarily be a year characterised by readjustment, and there is still much to be done. In my opinion we can hardly expect big financial savings this year. I am certain that a more ordered and more co-ordinated business providing the basis for how we increase profits in the long term is emerging.We have now devised a strategy and developed an organisation which is ready to face the future. Jan Ove Holmen President/CEO A N N U A L R E P O RT — T I N E N O RW E G I A N DA I R I E S B A TINEs — Key figures 2001 Milk producers — cow's milk Milk producers — goat's milk Total no. of dairy cows No. of dairy cows per herd Total no. of dairy goats No. of dairy goats per herd Production per cow Production per goat Average delivery per dairy farmer: Average total delivery: 2000 2001 21.932 693 318.047 14,2 53.091 73,0 6.094 560 19.997 642 298.709 14,7 50.732 75,2 6.078 558 cow's milk goat's milk 70.419 29.730 cow's milk goat's milk 1.544 20,6 Turnover: The dairy cooperative in total TINE Norwegian Dairies Capital strength in rel. to share capital Dept-equity ratio Average interest period 10,8 5,0 54,4 0,79 32,7 Number of staff: The dairy cooperative in total TINE Norwegian Dairies kg kg litres litres 75.004 30.703 mill. litres mill. litres bill. bill. % 1.500 19,7 11,1 5,1 55,0 0,75 34,3 days kg kg litres litres mill. litres mill. litres bill. bill. % days 4.378 681 persons persons 4.292 709 persons persons TINE Dairie's basic price: cow's and goat's milk 3,12 per litre 3,09 per litre Average payment to each producer: 3,32 per litre 3,39 per litre Value of TINE´s market shares 99 98 90 87 Transport 15,1% 79 Whet cheese Milk 50 Yoghurt 60 White cheese 70 Personell 29% Maitenance 6,4% Butter 80 40 Power 3,1% 90 Processed cheese 100 The dairy cooperative´s operating costs Admin/ sundries 7,1% 30 20 17 Sales/ advertising 5,5% 10 0 T I N E N O RW E G I A N DA I R I E S B A — A N N U A L R E P O RT Depreciations 6,7% Packaging 27,2% 5 6 A N N U A L R E P O RT — T I N E N O RW E G I A N DA I R I E S B A Summary of Board Report Reorganisation– "We are shaping a new TINE" In all nearly 60 employees and 20 representatives (union officials) from all over TINE took part in one of the working groups or in the project group.This helped to create a good foundation for the work in all sectors of the organisation. Giving priority to the use of our own resources also enabled TINE to complete the project without having to bring in consultants to any large extent.This has also given rise to another significant benefit in that TINE has managed to increase the skills of its own workforce. The New TINE Project made its report on 27th November, and the report was presented to the Board of TINE Norske Meierier on 30th November.The report contains an account of how the TINE Gruppa group is to be developed and managed, and the efficiency benefits to be expected from the re-organisation. The Nye TINE project organisation was wound up at the end of November, and the responsibility for implementation of the plans was passed to the Group Management. During the first half of August these boards appointed Managing Directors in the dairy companies in consultation with the Managing Director, Jan Ove Holmen. The development of management groups in the dairy companies took place parallel to the formation of the parent company through the Nye TINE project, and is described in the project’s report.The responsibility for the accomplishment of the plans now lies with the group management and in the management of the individual dairy companies. Financial matters 2001 accounts The accounts were concluded on the assumption of continued operation and in the opinion of the Board of Directors provide a satisfactory account of the company’s position at the end of the year. Both sales and milk consumption in 2001 were better than forecasted, and among other things resulted in a refund of sales tax of 6 øre/l for 2001. Price of milk The average price of milk in TINE Meieriene in 2001 was 3.39 kr/ltr, which is 7 øre/ltr higher than the year before. Owing to a reduction in milk yield we achieved a better milk balance than ever before.This required active, closely controlled production management and means that stock stabilisation exports and stock have fallen this year. The 2002 budget is the first budget for a combined TINE.The budget is based on a milk yield at TINE Meieriene of 1,502 mill litres, of which 19 mill litres is goat’s milk. A fall in sales of liquid products of 0.5% in relation to actual sales in 2001 has been budgeted for. Semisoft white cheese and butter is budgeted at the same sales level within Norway as in 2001, while increased sales in desserts and other mixed products are forecasted. Setting up of dairy companies An important part of the process for Nye TINE was the establishment of the five dairy companies. All the five regions constituted regional interim boards of directors before summer 2001 and also appointed board managers for the regional boards. 7 PROFIT AND LOSS ACCOUNT (Amounts in 1.000 kroner) TINE Norske Meierier BA Group 2001 TINE Norske Meierier BA 2000 Note 2001 2000 5 062 731 4 924 094 674 354 842 569 DRIFTSINNTEKTER OPERATING INCOME 5 682 676 5 327 767 674 354 842 569 58 968 50 353 6 415 998 6 220 688 Sales income cost cover liquid 1 Other operating income 2 TOTAL OPERATING INCOME 58 718 50 353 5 795 803 5 817 016 4 593 237 4 530 645 112 767 137 318 OPERATING COSTS 4 988 511 4 731 888 112 767 137 318 Quality pyt / various cost cover dairy Expenditure on goods 324 090 300 139 Staff costs 3 290 917 274 456 77 818 70 366 Depreciations 4 73 957 67 915 271 115 284 246 Freight 256 188 269 993 437 480 370 669 Sales and advertising costs 300 514 255 871 266 871 238 956 Other operating costs 225 223 213 022 281 349 259 -12 6 478 933 6 133 931 5 853 062 5 749 209 -62 935 86 757 -57 259 67 808 0 0 -13 324 10 062 Loss on receivables / sale of assets TOTAL OPERATING COSTS OPERATING RESULTS FINANCIAL INCOME/COSTS 4 834 940 51 217 92 370 Income from investment in subsid. Income from investment in assoc. Financial income 4 834 940 56 103 87 432 40 764 115 084 Financial costs 36 643 111 834 15 287 -21 774 NET FINANCIAL ITEMS 510 970 -13 400 -47 648 64 983 YEAR’S RESULT BEFORE TAX -46 289 54 408 -8 996 29 223 Tax expenditure -7 637 18 648 -38 652 35 760 RESULT FOR THE YEAR -38 652 35 760 -8 491 11 002 -30 161 24 758 6 Appropriation of result: Allocated to fund for valuation differences Allocated to special reserve fund 8 A N N U A L R E P O RT — T I N E N O RW E G I A N DA I R I E S B A BALANCE SHEET (Amounts in 1.000 kroner) TINE Norske Meierier BA Group 2001 TINE Norske Meierier BA 2000 Note 2001 2000 ASSETS Intangible assets 21 487 0 Goodwill 0 0 21 487 0 Total intangible assets 0 0 13 638 10 677 Fixed assets Fixed operating assets 13 638 10 677 Land, housing, cabins 341 944 262 755 Building 341 944 262 755 204 652 195 210 Plant, machinery, transport 194 196 185 470 560 234 468 642 Total fixed op. assets 4 549 778 458 902 0 0 Investment is subsidiaries 7 129 076 46 800 Financial assets 43 793 20 507 Investment in associate cos. 7 43 793 20 507 103 457 29 770 Investment in shares and interests 7 52 556 29 770 1 070 988 1 085 804 1 073 488 1 085 804 68 123 63 261 68 123 63 261 1 286 361 1 199 343 Total financial assets 1 367 036 1 246 143 1 846 595 1 667 985 Total fixed assets 1 916 814 1 705 044 344 388 398 328 486 456 470 836 Long-term receivables Pension funds 8 Current assets 413 053 466 159 Stock 579 909 561 429 Receivables 56 965 60 325 59 280 354 460 1 109 207 1 442 373 Total current assets 2 977 289 3 110 358 TOTAL ASSETS 9 Bonds Bank deposits, cash T I N E N O RW E G I A N DA I R I E S B A — A N N U A L R E P O RT 10 56 965 60 325 16 766 331 611 904 575 1 261 100 2 821 389 2 966 145 9 MANAGEMENT REPORT Business development Small People AS In February 2001,TINE Norske Meierier (TINE Norwegian Dairies) bought 100% of the shares in Small People AS, a company that produces food for children. Today Small People AS is run as an independent subsidiary. Positive ties of co-operation has already been established with TINE Norske Meierier in areas of Product Development, Sales, and in terms of Production Systems. Marian Seafood AS In the early summer of 2001, the Marian Seafood Company was founded with the objective to supply fresh seafood products to the Nordic market. TINE and Norsk Kjøtt (Norwegian Meat) own 50/50 of the company’s shares. The company’s newly appointed Managing Director is working with suppliers of raw materials, refining companies and supermarket chains, in preparation for the 2002 launch. TINE Biomarin AS TINE Biomarin AS was founded as a subsidiary in June 2001. The business idea is to develop products and ingredients from marine sources in cooperation with strategic partners. 10 TINE Biomarin AS is a part owner of Maritex in Vesterålen. Norsk Biobank Storfe (Norwegian Cattle Biobank) The company will start business in 2002 and will make the data from the Cattle Inspectorate(Kukontrollen) commercially available. Positive Nutrition Our latest strategy aims to increase our emphasis on ‘Positive Nutrition’, i.e. the production of highly nutritious food. Proposals within this area will first and foremost be realised within already existing companies such as TINE, Fellesjuice and Fjordland.An interdisciplinary group will also be established to work on ‘Positive Nutrition’ and the subsequent production and marketing requirements. Domestic marketing/sales We have been able to maintain our market position even though 2001 was a year of increased competition. The total market for hard cheese increased last year and the import quotas are fully used. Our competitor Synnøve Finden has made good progress with shredded and sliced cheeses. Q-meieriene (The Q Dairies) were previously active on a regional basis with milk, cream and yoghurt while an agreement with Norway’s biggest grocery group provided a wider distribution of their products towards A N N U A L R E P O RT — T I N E N O RW E G I A N DA I R I E S B A T I N E N O RW E G I A N DA I R I E S B A — A N N U A L R E P O RT 11 the end of the year.This has not significantly affected our sales results for 2001, but we may experience considerable pressure regarding our main fresh products in 2002. Organisation Over the past two years,TINE has been working on re-organising its sales force in order to ensure the sales network be serviced effectively.The Head Office concentrates on support, strategy and communication with the major supermarket chains, while the operative running of the sales force has been delegated to the regional dairies. Product launching and activities 2001 saw the first-time launch of organic products series in the TINE product range. Compared to our previous organic range of "Dalsgården" products, this has been an instant success, and the sales of organic milk have doubled. Sales of organic cheese, cream and sour cream have also been very satisfactory. In the late summer we re-grouped the marketing of TINE’s cooking ingredients under a new marketing slogan "TINE hever smaken" (TINE improves the taste). Autumn 2001, kick-off of our milk advertising campaign was launched with the slogan "Må ha det. Bare må ha det" ("Must have it. Simply must have it"). For further information on other product launches, please refer to the section headed "Research and Development". Public Relations On November 9th we ran a very successful "Cheese Day" for the second time. The event included a range of activities, which aimed to 12 put cheese as a product rich in history and cultural tradition on the agenda. Status and challenges For the first half of the year sales fell slightly short of what we had expected, but recovered well in the second half of the year. The result for the year seen as a whole was satisfactory. For regular milk, our main product, we achieved the set target of 96,5 % of last year’s sales. In the drinks’ category, we saw particularly good results for iced drinks, juice and flavoured milks. The sales of cheese finished at 101,2 % in comparison to last year. Desserts did not quite reach the budgeted level, but nevertheless achieved a growth in volume corresponding to 8.5% of last year’s sales. For 2002 we expect a small decline in milk sales as a result of increased competition, whilst we hope to maintain sales of cheese up to the 2001 results. For other product groups we expect growth in line with past years developments. International business Norway’s export quotas for 2001 have remained stable at just over 16 000 tonnes. Our most important markets are USA, Japan, Canada, Australia, and the EU.TINE’s international business in 2001 has produced strong results, first and foremost in the USA. The Jarlsberg marketing has been particularly successful, whilst other TINE products are in line with the budget. This year we were also able to close the gap between milk production and demand in Norway, which led to less regulation export. USA/Canada The licensed production of Jarlsberg in the USA, which started in 2000 opened the possibility for further initiatives in 2001. Thus, after several years of limited quotas we have, for the first time, been able to supply in accordance with market demand. Further growth will require additional production capacity in the USA. Asia/Oceania Japan is TINE’s second largest export market by volume. The main product, Norvegia, has done very well for several years and is now a popular ingredient for the country’s foodstuffs industry. Jarlsberg is TINE’s most important export brand. In Australia Jarlsberg is the largest import cheese brand apart from products from New Zealand whilst Ridder has succeded well in Japan. EU Norway’s export quota to the EU, set at 2,700 tonnes, is fully used. The International Division is working on existing markets and developing new European markets. It is also evaluating the possibility of establishing production facilities and entering new alliances within the EU. Jarlsberg is a recognised brand in Europe, although it has not achieved the same strong position as in the USA. With this in mind, a new Jarlsberg profile was developed for the European market in 2001. It was first launched in Great Britain and the initiative will continue throughout 2002. TINE is an important producer of goat’s milk products; Snøfrisk is our best-known product abroad and is particularly popular in Germany. A N N U A L R E P O RT — T I N E N O RW E G I A N DA I R I E S B A Research and development Product Development TINE launched among others these products in 2001: • Tine organic semi-skimmed milk and TINE organic reduced-fat sour cream. • TINE reduced-fat sour cream 4pack • TINE Fruit yoghurt with the seasonal varieties "Taste of Summer" and "Taste of Autumn" • Go ’Morgen (Good Morning) Müesli drink – a new drinking yoghurt with Müesli • Two-chambered BIOLA yoghurt with two varieties of prebiotic flakes, and a new BIOLA raspberryflavour drink • Iced coffee à la Mocca, Light Iced Cocoa and Dark Iced Cocoa which are all included in the TINE ‘Iced Drinks’ range • Norbo, a Gauda type cheese, with microbial rennet Ingredients and Ready Made Meals. TINE is an important player in the food ingredients market. In the cheese sector, there is a growing trend for cheese sauces, shredded and cubed cheese. This has positioned TINE’s products as an important ingredient in pies, various pastries, pizzas, fish cakes, burgers, sausages and chicken. TINE has worked in close co-operation with pastry makers and bakers to develop products such as singleportion cakes and a new chocolate cream, which will offer new applications for cream. TINE strives to be a good partner. In the autumn of 2001,TINE was awarded "Stabburet’s Suppliers’ Prize" for Good Production, Research and Development, and First Class Service. TINE’s collaboration with the seafood industry has also given our Research and Development Department a variety of new tasks. Five new concepts have been developed in co-operation with the filleting industry in Northern Norway. Our starting point were fish by-products which, when blended with TINE’s milk powder, produce exciting new products. Quality Assurance The Research and Development Laboratories TINE’s regional laboratories analyse all the suppliers’ milk samples and animal livestock test samples. Laboratories in Molde, Sola and Oslo were closed and a new structure with laboratories in Harstad,Trondheim, Bergen and Brumunddal became operative in January 2002. ISO-certificated Quality System In 2001,TINE re-certified its quality systems valid until the winter of 2003. TINE’s quality systems are continually developed, in line with new customer demands. In January, EFTA’s supervisory organ, ESA, carried out an audit of the Norwegian Foodstuff Authorities’ dairy-inspection. A number of recommendations were made to the authorities to ensure compliance with directives.The plan "The TINE Quality Assurance Project" follows up the deficiencies. Research With the support of Norges Forskningsråd (the Norwegian Research Council) TINE was involved in the following research projects in 2001. T I N E N O RW E G I A N DA I R I E S B A — A N N U A L R E P O RT • The process management of hard cheese with the objective to find the correct parameters and management tools in the cheese production in order to ensure maximum quality and cost-efficency. The project is carried out in cooperation with a number of companies. • A new research project on cheese, fat and health. Its objective is to increase our knowledge about milk fat, which in turn may affect our production development and nutritional vision. • The use of milk proteins in new seafood products. The project is carried out in co-operation with NLH, Matforsk (The Food Research Board) and Havforskningsinstituttet (The Marine Research Institute) in Bergen. • The creation of optimal recipes in co-operation with Matforsk, Gilde, NoPo and Regal Mølle. • A four-year project, with the objective of optimising our ingredient production. Nutrition Throughout the year the TINE Research and Development’s Nutrition section has been focusing on milk as a source of a whole range of other nutrients besides calcium. Analyses of TINE’s media publicity show that our message of the relation between milk and nutrition has been effective. It also revealed that the public idea of milk and health is far more complex than before. 13 Information and contact with the community After a year in second place,TINE was once again awarded first place in Norway’s major profile survey of Norway’s 115 leading companies. No less than 77% of those questioned gave their highest approval to TINE. This is a very positive result in a period when TINE faces stronger and stronger competition. TINE Torget (the TINE Marketplace) intranet system has been introduced to facilitate the daily information flow within the organisation. By using this new channel of communication we are able to reach our dairy cooperatives more efficiently.TINE Torget has also been our main channel of communication when giving written information about "Vi former nye TINE" ("We are shaping a new TINE"). Information to our owners is presented via TINE’s own page in "Bondebladet" (the Farmer’s Magazine). Sponsorship TINE was awarded the Sponsorship Prize for 2001, proving that the experts endorse our sponsorship strategy. The main objectives of TINE’s sponsorship activities are to promote a positive business profile, to promote food culture and to generate positive experiences. We have followed the same strategy for many years primarily directed towards children and youth, with supportive community activities.This work has had very positive results; the TINE Relay has become Norway’s biggest youth event, with an impressive 47,000 participants, in 110 arenas. The TINE Football School cooperates with 250 clubs, involving some 38,000 participants. For the fourth year running TINE is sponsoring the National Snowboard Team. Our snowboarding youth programme has been well received within the target group. TINE skills centre Work has continued throughout 2001 to put a comprehensive ‘Skills Programme’ into place within TINE’s most important business areas: • Post-educational programmes within the area of foodstuffs. • Animal husbandry • Sales training programme • Product knowledge • Logistics The development of the TINE Management School,TINE Brand School and TINE Project Management School has been an important element in improving professional skills.The TINE Project Management School was established in 2001. Logistics/information technology/finances Milk supply The total supply of cow’s milk was 1,517 million litres compared to 1,559 million litres for 2000, a reduction of 42 million litres. The total supply of goat’s milk was 19,7 million litres compared to 20,6 million litres for 2000, a reduction of 0.9 million litres. 14 A N N U A L R E P O RT — T I N E N O RW E G I A N DA I R I E S B A TINE Norwegian Dairies BA Management Organization Plan Officially the new organisation will operate after the new companies have been registered in the Companies Register (Foretaksregisteret) around 1st July. In practice the organisation will operate from 1st January 2002. Jan Ove Holmen President/CEO Astrid Holmlund Administrative manager Hanne Refsholt Senior Vice President • Human Resources • Research and development Kåre Markussen Managing Director TINE Meieriet Nord Group Director Kjetil Thu Group Director • Economy/Finance • Market regulation • Logistics • ICT • Purchasing Ingrid Strøm-Olsen Group Director • Market • Sales Stein Aasgaard Managing Director TINE Midt-Norge Group Director Per Magnus Mæhle Corporate staff, director Bjørg Bruset Group Director • Communications • Organisation Leif Arne Berge Managing Director TINE Meieriet Vest Group Director Trond Smeby Managing Director TINE Meieriet Sør Group Director Stein Øiom Managing Director TINE Meieriet Øst Group Director The manager of TINE’s export business reports to the Head of Group. T I N E N O RW E G I A N DA I R I E S B A — A N N U A L R E P O RT 15 ISSN. 0801- 9790 Address list The dairy companies: Wholly and partially owned companies: TINE Meieriet Nord BA Skogvn. 18, 9480 N-Harstad Telephone: +47 77 05 80 00 Plant: Sømna, Sandnessjøen, Bodø, Harstad, Storsteinnes,Tromsø,Alta,Tana Norseland Inc. (100%) Telephone: 00 1 203 32 45 620 TINE Norske Meierier GMBH (100%) Telephone: 00 49 40 73 10 640 TINE Midt-Norge BA Landbrukssenteret Tunga, 7005 N-Trondheim Telephone: +47 73 90 37 00 Plant: Høgset, Elnesvågen,Tresfjord, Berkåk, Tunga, Selbu, Ørland,Verdal, Namsos, Kolvereid, Heimdal, Meldal TINE Biomarin AS (100%) Telephone: + 47 77 05 80 00 Small People AS (100%) Telephone: +47 22 93 88 00 Fellesjuice AS (100%) Telephone: +47 22 89 90 00 TINE Meieriet Vest BA P.boks 6030 Postterminalen, 5892 N-Bergen Telephone: +47 55 27 48 00 Plant: Sand, Bergen,Voss, Hardanger, Bygstad, Førde, Nordfjordeid, Byrkjelo,Vik, Ålesund, Ørsta Diplom Is AS (100%) Telephone: +47 67 06 66 00 Landteknikk AL (90%) Telephone: +47 23 05 28 00 TINE Meieriet Sør BA P.boks 8053, Postterminalen 4068 N-Stavanger Telephone: +47 51 64 62 00 Plant: Haukelid, Porsgrunn, Setesdal, Kristiansand,Vikeså, Sola, Haugesund,Voll, Nærbø,Vikedal, Kleppe, Klepp st. Norsk Biobank Storfe AS (50%) Telephone: +47 22 93 88 00 Marian Seafood AS (50%) Telephone: +47 22 97 49 00 TINE Meieriet Øst BA P.boks 113 Kalbakken, 0902 N-Oslo Telephone: +47 22 89 90 00 Plant: Folldal, Hedemark Tørrmelk,Trysil,Tolga, Dovre, Felleskjerningen Tretten, Fosheim, Lom & Skjåk, Frya, Gudbrandsdal Tørrmelk, Sem, Bredtvedt, Sarpsborg, Odal, Drammen, Indre Østfold,Tretten Fjordland AS (49%) Telefon: 22 97 49 00 Landbrukets Ferskvaredistribusjon (49%) Telephone: +47 22 93 88 30 Norsk Mat- og Miljøanalyse AS (42%) Telephone: +47 23 05 05 00 ® TINE BA Postboks 9051 Grønland 0133 Oslo Telefon: 22 93 88 00 Telefax: 22 17 22 99 www.tine.no