Glanbia plcAnnual Report 2011Financial statementswww.glanbia.com5.2 (b): Segment earnings before interest, tax, amortisation and exceptional items are reconciled to reported profit before tax and profit after tax as follows:Finance income, finance costs and income taxes are not allocated to segments, as this type of activity is driven by centraltreasury and taxation functions which manage the cash and taxation position of the Group.Other segment items included in the income statement for the year ended 1 January 2011 are as follows:The segment assets and liabilities at 1 January 2011 and segment capital expenditure and acquisitions for theyear then ended are as follows:2010?'000Segment earnings before interest, tax, amortisation and exceptional items 173,178Amortisation(15,111)Exceptional items - defined benefit pension schemes 10,238Joint Ventures & Associates interest and tax(11,457)Finance income 3,290Finance costs(25,420)Reported profit before tax 134,718Income taxes(26,085)Reported profit after tax 108,633US Cheese &GlobalNutritionals?'000DairyIreland?'000JV's &Associates?'000OtherBusiness?'000Groupincluding JV's& Associates?'000Depreciation of property, plant and equipment 12,514 19,997 6,82358 39,392Amortisation of intangibles 10,711 4,400 6- 15,117Capital grants released to the income statement(330)(1,089)(526)-(1,945)Exceptional items - defined benefit pension schemes-(10,238)--(10,238)US Cheese &GlobalNutritionals?'000DairyIreland?'000JV's &Associates?'000OtherBusiness?'000Groupincluding JV's& Associates?'000Segment assets(c) 725,960 556,455 87,362 17,041 1,386,818Segment liabilities(d) 200,380 288,125- 1,536 490,041Segment capital expenditure and acquisitions(e) 23,085 13,522 11,901 124 48,632

Glanbia plcAnnual Report 2011Financial statementswww.glanbia.com5.2 (c): Segment assets are reconciled to reported assets as follows:2010?'000Segment assets1,386,818Unallocated assets240,027Reported assets 1,626,845Unallocated assets primarily include tax, cash and cash equivalents, available for sale financial assets and derivatives.5.2 (d): Segment liabilities are reconciled to reported liabilities as follows:Unallocated liabilities primarily include items such as tax, borrowings and derivatives.2011?'0002010?'000Ireland 799,489 725,834UK 162,028 137,874Rest of Europe 254,991 189,308USA 1,119,417 901,717Other 335,226 211,962 2,671,151 2,166,695Revenue of approximately ?320.0 million (2010: ?249.6 million) is derived from a single external customer. The breakdownof revenue by geographical destination for 2010 has been updated to reflect the current year classification.The total of non-current assets, other than financial instruments and deferred income tax assets, located in Ireland is ?267.8million (2010: ?271.5 million) and located in other countries, mainly the USA is ?690.4 million (2010: ?562.6 million).5.3 Entity wide disclosuresRevenue from external customers for each group of similar product in the US Cheese & Global Nutritionals, Dairy Ireland,Joint Ventures & Associates and Other Business segments are outlined in section 5.1 and 5.2 above.Geographical informationRevenue by geographical destination is reviewed by the Chief Operating Decision Maker. The breakdown of revenue bygeographical destination is as follows:5.2 (e): Segment capital expenditure and acquisitions are reconciled to reported capital expenditure and acquisitions as follows:2010?'000Segment liabilities490,041Unallocated liabilities712,400Reported liabilities 1,202,4412010?'000Segment capital expenditure and acquisitions48,632Joint Ventures & Associates capital expenditure(11,901)466Reported capital expenditure and acquisitions 37,197