1、Annual R.auBESTON GLOBAL FOOD COMPANY LIMITED|ANNUAL REPORT 2020ContentsOur year FY20 summary 2Letter from the Chairman and Chief Executive Officer 4Dairy segment highlights 14Meat segment highlights 19Capital management 20Other assets 22Environment,health and safety,social and corporate governance
2、23Awards summary 25Directors 26Executives 27Remuneration 28Investment manager 30Review of operations and financial results 34Directors report 40Auditors independence declaration 49Financial report 50Directors declaration 88Independent auditors report 89ASX additional information 94 Corporate directo
3、ry IBC.auIMAGEFinished products are stored in a modern warehouse and distribution centre within the Murray Bridge production facility1Our year FY20 summaryBeston Global Foods Company LimitedListed in 2015 and headquartered in Adelaide,South Australia,Beston(ASX:BFC)is a proud Australian company taki
4、ng the best of Australian dairy and meat produce to the world with fresh milk supplied by our valued farmers.Our dairy operations are centred in South Australia with 2 factories located at Murray Bridge and Jervois.Our meat operations are based at Shepparton in Victoria.We have approximately 300 emp
5、loyees and 45 dairy farmer suppliers.Our products are mainly sold in Australia,Philippines,Vietnam,Malaysia and China.Net tangible assets15.7 per shareLoss to Beston shareholders$11.6MHighest revenue on record 2019$85.2m2020$103.1MLactoferrin production up 398%2019 290kgs2020 1,353kgsMilk supply up
6、8%2019 103ML2020 111MLDairy Gross margin up 3.7%2019 6.8%2020 10.5%Farm sales complete 31 August 2020$40.4MMozzarella production up 108%2019 4,387tonnes2020 9,128tonnes2BESTON GLOBAL FOOD COMPANY LIMITED|ANNUAL REPORT 2020020004000600080001000012000140000200040006000800010000120001400002000400060008