Maple Leaf has all the ingredients to be a very profitable food company.
We have strong brands and market shares – we are the market leader in virtually all of our businesses. These are foundational elements for any great food company and the basis for our long-term growth. Supporting this, we are implementing a comprehensive plan to reduce costs and boost productivity – all to drive Market Value.
| For years ended December 31 (In millions of Canadian dollars, except share information) | 2011 | 2010 | 2009(i) | 2008(i) | 2007(i) |
|---|---|---|---|---|---|
| CONSOLIDATED RESULTS | |||||
| Sales | 4,894 | 4,968 | 5,222 | 5,243 | 5,210 |
| Adjusted operating earnings(ii) | 259 | 215 | 196 | 128 | 199 |
| Net earnings (loss) from continuing operations(iii) | 82 | 29 | 52 | (37) | (23) |
| Net earnings (loss)(iv) | 82 | 29 | 52 | (37) | 195 |
| Return on assets employed(v) | 10.0% | 8.6% | 5.9% | 3.4% | 6.7% |
| FINANCIAL POSITION | |||||
| Net assets employed(vi) | 1,907 | 1,966 | 2,416 | 2,348 | 2,267 |
| Shareholders’ equity | 865 | 924 | 1,189 | 1,143 | 1,149 |
| Net borrowings | 984 | 902 | 1,016 | 1,023 | 855 |
| PER SHARE | |||||
| Net earnings (loss) from continuing operations | 0.59 | 0.22 | 0.40 | (0.29) | (0.18) |
| Adjusted net earnings from continuing operations(ii) | 1.01 | 0.73 | 0.57 | 0.29 | 0.51 |
| Net earnings (loss), as reported(iii) | 0.59 | 0.22 | 0.40 | (0.29) | 1.53 |
| Dividends | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 |
| Book value | 6.18 | 6.60 | 8.69 | 8.84 | 8.87 |
| NUMBER OF SHARES (millions) | |||||
| Weighted average | 138.7 | 135.6 | 129.8 | 126.7 | 127.3 |
| Outstanding at December 31 | 140.0 | 140.0 | 136.8 | 129.3 | 129.6 |
(i) 2007, 2008 and 2009 figures are in accordance with Canadian GAAP, effective on or before January 1, 2010.
(ii) Refer to page 41 of Management’s Discussion & Analysis for definition.
(iii) Attributable to common shareholders.
(iv) Includes results of discontinued operations, and is attributable to common shareholders.
(v) After tax, but before interest, calculated on average month-end net assets employed. Excludes one-time recall costs, restructuring and other related costs and associated gains, and the impact of the change in fair value of non-designated interest rate swaps, unrealized gains/losses on commodity futures contracts and the change in fair value of biological assets.
(vi) Total assets, less cash, future tax assets and non-interest-bearing liabilities.
Full 2011 Annual Report
PDF (4.2 MB)
Corporate Governance and
Board of Directors
PDF (475 KB)
Senior Management and Officers
PDF (516 KB)
MD&A and Financials
PDF (1.29 MB)
