DairyCrest

Notes to the financial statements

34 Post balance sheet events

On 14 April 2014 the Group completed the sale of a depot in Surbiton, Surrey for proceeds of £5.4 million resulting in a profit on disposal of £4.9 million.

On 16 May 2014 the Group completed the sale of its 30% shareholding in Wexford Creamery Limited for 3.4 million Euros (£2.8 million). At 31 March 2014 the net carrying value totalled £2.1 million comprising share of associates, deferred consideration and valuation of options net of contract provisions.