Preliminary Results

PRELIMINARY
ANNOUNCEMENT
FOR THE
YEAR ENDED
31 MARCH 2018

COOKS REPORTS YEAR OF CONSOLIDATION
UNAUDITED FINANCIAL RESULTS FOR THE YEAR TO 31 MARCH 2018
NZAX & MEDIA RELEASE 14 JUNE 2018
HIGHLIGHTS
ANNUAL GROUP REVENUE
FROM CONTINUING
OPERATIONS
1
FOR THE 12
MONTHS TO 31 MARCH 2018
INCREASED 26% TO $6.73
MILLION
CONTINUED STRONG
GROWTH ACROSS THE
GLOBAL ESQUIRES
NETWORK, WITH THE UK
DELIVERING THE STANDOUT
PERFORMANCE
1
The Chinese business was treated as a discontinued operation until 30 September
2017 and thereafter as an investment in an associate to be equity accounted going
forward. The China business has been folded into a new joint venture, in which Cooks
will hold a minority position, covering the greater China region. No further funds have
been invested in China since 30 September 2017, with Cooks China partner providing
funding, during a transition period, until 31 March 2018. Funds that Cooks owe as part
of this interim arrangement have been dealt with by an adjustment to the proportional
ownership structure in the new business, with Cooks share of the new company
settling at 21%.
NET LOSSES FROM
CONTINUING OPERATIONS
DOWN 54.4% TO $1.6
MILLION, INCLUDING
DEPRECIATION AND
AMORTISATION OF $244K;
FINANCE COSTS OF $449K;
AND SHARE OF NET LOSS IN
CHINA ASSOCIATE OF $279K
ESTABLISHED A BEACHHEAD
IN EUROPE WITH THE
OPENING OF STORES IN
ROMANIA AND PORTUGAL
AND NEW OPERATIONS IN
PAKISTAN AND JORDAN
SECURED $10 MILLION IN
NEW EQUITY, SUFFICIENT
FOR TRANSITION TO
CASHFLOW BREAKEVEN
WITHIN THE 2019
FINANCIAL YEAR
COMMENCED THE
RESTRUCTURING OF THE
CHINESE AND MIDDLE EAST
OPERATIONS
Cooks Global Foods (NZAX:CGF) today reports
strongly improved financial performance after a
year of consolidation that has set up the global
Organic and Fairtrade coffee operator for its next
phase of growth.
Group revenue from continuing operations for the
12 months to 31 March 2018 increased 26% to $6.73
million from $5.34 million the same time a year ago.
Cooks sales of beverage products and franchise
related fees show continuing strong growth in the
global Esquires Coffee House network as well as
a rising contribution from the branded consumer
business especially Grounded responsible coffee.
Annual net losses from continuing operations halved
to $1.6 million from $3.5 million in the same period a
year ago, with foreign exchange gains contributing
around $0.6 million of the turnaround.
Annual net losses, including discontinued
operations, narrowed to $4.1 million from $12.2
million in the prior financial year.
Employee and other costs increased to $6.5 million
from $6.0 million in the prior year, largely due to the
additional resource in the Esquires UK business to
support the growth in store numbers and revenue in
that territory and increased expenditure to support
the launch of Scarborough Fair’s new carbon-
neutral Grounded coffee brand.
1

Executive Chairman Keith Jackson said: “Cooks Global Foods has
made solid operational progress during the year. The core continuing
coffee operations are performing well, with more regions making a
positive contribution to operating earnings.
“The UK Esquires business continues to lead the global network with
group revenue from the region increasing 92% to $3.0 million now
representing 44% of total group revenue for continuing activities. We
have established new coffee operations in Portugal, Romania, Jordan
and Pakistan with these regions delivering positive results for the
company albeit with some coming into play late in the financial year.
“While we have confirmed the appropriate accounting treatment of
the restructured China business, the final agreements associated with
the new entity are still being completed. We have also moved closer
to finalising the terms for our new joint venture in the Middle East.
Both arrangements more closely align the interests of our regional
partners with Cooks and have the potential to accelerate growth of
our coffee operations in these regions.
“Our supply businesses, including the coffee and tea supplier
Scarborough Fair and the food exporter and importer Crux Products,
continue to make solid progress. We are particularly excited about
the potential for the Grounded responsible coffee brand which was
launched this year and has been growing strongly in New Zealand.
“We have also held discussions with a number of partners that
could propel growth in the coffee store network to above our
100-store target. While these discussions are ongoing they are so far
inconclusive.
“Finally, we completed a $10 million capital raising that has given us
sufficient momentum to bring our current operations to break even,
a goal we expect to achieve some time in the current financial year.
Together these achievements have put the company in a strong
position and give Cooks Global Foods confidence for the year ahead.”
KEITH
JACKSON
Executive Chairman
2
OPERATIONAL
OVERVIEW
ESQUIRES OPERATING METRICS
2
Total Network
12 Months To 31 March
Same Store
2018
2018
2017*
2017*
Esquires Coffee Store sales
Esquires Coffee Store sales
Transactions
Transactions
Average transaction value
Average transaction value
Variance
Variance
NZ$43,106,131
4,499,395
NZ$9.58
NZ$39,656,630
4,338,821
NZ$9.14
8.7%
3.7%
4.8%
NZ$33,602,282
3,444,465
NZ$9.76
NZ$33,231,225
3,586,901
NZ$9.26
1.1%
-4.0%
5.4%
*The 2017 operational year was 53 weeks. The 53rd week’s sales have been removed so the year is comparable to 2018’s 52-week year.
2
Esquires operating metrics convert the prior year figures at the same exchange rate as the current year to eliminate any exchange fluctuation effect. For the definition of all
terms please see the last page of this release.

3
STORE NUMBERS
UK
TOTAL
Canada
Europe
China
Indonesia
Middle East
OPENEDCLOSED
8
18
0
3
1
0
6
2
23
2
1
12
1
5
31 MAR
2018
35
93
2
13
15
2
26
Constant currency network store sales
3
were up 8.7% to $43.1 million in the 12 months to 31 March 2018.
Constant currency store sales are a leading indicator of the revenue Cooks expects to generate for new
and refurbished stores and recurring revenues, such as royalties, coffee product and other retail sales. On
a same-store basis, the total coffee store network’s constant currency store sales rose 1.1% to $33.6 million.
At the end of March 2018, store numbers stood at 93, down 5 from 98 at the same time a year ago. In the
12 months to 31 March 2018, Esquires opened a total of 18 stores, including 8 in the United Kingdom, 6 in
the Middle East, 3 in Europe and 1 in China. However, these gains were offset by the closure of 23 stores
including 12 stores in China, 5 stores in the Middle East and a total of 6 stores in other territories.
Cooks now treats its former Chinese subsidiary as an investment in an associate (with an effective stake of
21%) with effect from 1 October 2017 and equity accounts for movements in this investment from that date
onwards. Cooks continues to work through complex regulatory processes with respect to the Middle East
joint venture. The completion of which is now expected within the first half of the new financial year.
Growth in store sales and store numbers was slower than the prior year mainly due to the impact of the
restructuring of the Esquires’ Chinese and Middle East operations.
REGIONAL
PERFORMANCE
Group revenue from the UK increased 92% to $3.0 million from $1.5 million the same
time a year ago, while the region delivered an operating profit of $0.19 million, reversing
last year’s $0.73 million operating loss.
The UK Esquires business continues to lead performance across the network,
benefitting from a net increase in six stores during the year taking the total to 35. It has
also benefited from the ongoing store refurbishment programme. In the final quarter of
the year we moved to accelerate the growth in this region with the signing of a regional
master franchise for the South East of England, the first of several regional master
franchises we envisage for the country.
UNITED
KINGDOM
EUROPE
The Ireland business is now treated as part of a European region which not only
includes the Irish business but the new stores in Portugal and Romania. Group revenue
from Europe (still predominantly relating to the Irish business) increased 48% to
$0.9 million from $0.67 million the same period a year ago, while the region posted
an operating profit of $0.19 million, reversing the prior year’s $0.04 million loss. The
dramatic increase in revenue was in part assisted by franchise fees relating to Romania
and Portugal.
3
The 2018 trading period was one week shorter than the same period a year ago to show fair comparison, an adjustment to remove the impact of the extra week of trading in the
2017 financial year is used in this report.
31 MAR
2017
29
98
4
11
26
3
25

4
REST OF
THE WORLD
The rest of the world segment covers the stores in the Middle East, Pakistan, Indonesia,
and Canada. Group revenue from this region decreased from $2.5 million to $1.9 million
but operating profits increased to $0.43 million from a profit of $0.23 million in the
same period a year ago. The decrease in revenue predominantly relates to New Zealand
sourced coffee sales to the Middle East and China, with reduced demand in China with
the reduction in store numbers and timing differences in ordering cycles in the Middle
East. Even after stripping out foreign currency gains the region recorded an operating
profit. The rest of the world stores reduced to 30 in total from 32 the year before.
SUPPLY AND
CORPORATE
Group revenue from the supply businesses increased 31% to $0.84 million from $0.64
million a year ago largely due to a sharp increase in sales of the climate-neutral coffee
brand Grounded. The Crux Products supply business is growing but is still yet to make a
significant contribution to the group.
Losses in the supply business increased to $0.30 million from a loss of $0.24 million in
the same period a year ago, largely reflecting the increase in marketing and distribution
costs associated with the Grounded launch. Corporate costs were contained with
operating costs narrowing from $2.2 million to $1.4 million.
BALANCE SHEET
OUTLOOK
During the year the company secured an additional $10 million in new equity from its major shareholders,
of which $3.4 million was used to repay borrowings, while the remaining $6.6 million is funding the
company’s growth.
Around $4.7 million of that sum was provided by the underwrite of the group’s share purchase plan
by entities associated with Cooks Executive Chairman Keith Jackson. As at 31 March 2018 around $1.3
million of an earlier underwrite of Mr Jackson, provided by Cooks Investment Holding Limited, has been
committed with respect to the Middle East joint venture transaction which is in the process of completing.
Cooks believes that its current operations will transition to cashflow breakeven using its existing facilities
and the as-yet undrawn capital.
“Cooks is continuing to make progress and we are confident that the steps we have taken this financial
year have set up the company to grow and transition to cashflow breakeven in the new financial year,” Mr
Jackson said. “We will provide an update at the annual meeting later this year.”
Store numbers in Ireland were static during the year at 11 stores. Network store sales
rose 12.5% from the prior year, with transactions up 10.8% and average transaction value
up 1.6%.

FOR FURTHER INFORMATION
ABOUT COOKS GLOBAL FOODS
Cooks Global Foods operates in world markets and is listed on the NZAX market operated by NZX Limited
in New Zealand under the code CGF. It owns the intellectual property and master franchising rights to
Esquires Coffee Houses worldwide excluding New Zealand and Australia. Cooks currently operates or
franchises Esquires Coffee in Canada, the United Kingdom, Ireland, Bahrain, Kuwait, Saudi Arabia, UAE,
Indonesia, Portugal, Romania, Pakistan, Jordan, and China. It also operates the Scarborough Fair Tea
(including Grounded Responsible Coffee) and Crux Products supply businesses.
For more information visit: www.cooksglobalfoods.com
INVESTORSMEDIA
+64 9 304 0567 EXT. 714.+64 21 645 643
Executive Chairman
The Project
KEITH JACKSON RICHARD INDER
APPENDIX
Network (Store) Sales
Total store sales are the aggregate of sales of all Esquires branded coffee stores, whether franchised or owned, across the company’s global brand network. Cooks derives income
from its franchised stores from franchise related fees, primarily related to these sales levels as well as store sales for those stores directly owned by the company. Total network store
sales, therefore, have a correlation to the portion of revenue earned by Cooks Global Foods relating to recurring franchise fees. However, they are not and should not be confused
with the revenue of Cooks Global Foods which is reported in its financial statements as the two do not directly correlate.
Same Store Sales
Same store sales are the aggregate of all Esquires-branded coffee stores, whether franchised or owned across the company’s global brand network that have been operational for
at least a full two-year period for the purposes of like-for-like comparison between current and prior periods. The metric measures the improvement in existing store sales within the
brand network, excluding new stores opened in the previous 24 months. Same store sales are not the same as revenue in the financial statements for Cooks Global Foods group, but
can indicate stable revenue growth in the brand network.
Transactions
Transactions relate to the total individual transactions, which occur within Esquires branded coffee stores, whether franchised or owned. A transaction is defined as a single financial
transaction for food, beverage or product that is processed through the point-of-sale system within a coffee store.
Average Transaction Value
Average transaction values are derived by dividing total Esquires coffee store sales by total transactions recorded over the period.
Total (Store) network
All stores whether owned or franchised, which operate under a brand owned by companies within the Cooks Global Foods Group.
5

APPENDIX 1 RELEASE
14 JUNE 2018
(CGF) : COOKS GLOBAL FOODS LIMITED
COOKS GLOBAL FOODS LIMITED
PRELIMINARY ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2018
A
B
Preliminary unaudited full year report on consolidated results (including the results for the previous
corresponding year) in accordance with Listing Rule 10.4.2.
This report has been prepared in a manner which complies with generally accepted accounting practice and
gives a true and fair view of the matters to which the report relates and is based on unaudited financial
statements.
The accounting policies used in the preparation of these financial statements are consistent with those used
in the interim financial statements for the six months ended 30 September 2017 and in the audited financial
statements for the year ended 31 March 2017.
The Listed Issuer has a formally constituted Audit & Risk Committee of the Board of Directors.
This document covers Cooks Global Food Limited’s unaudited financial results for the year ended 31 March 2018
Amount ($NZ’000)
$6,726
-$2,478
26%
71.3%
-$1,619
-$3,966
54.4%
66.3%
Revenue from continuing ordinary activities
Loss from discontinued activities after tax attributable to
security holders
Loss from continuing activities after tax attributable to
security holders
Net loss attributable to security holders
Percentage change
Results for announcement to the market
Reporting Period
Previous Reporting Period
12 months ended 31 March 2018
12 months ended 31 March 2017
Amount per
security
Interim Dividend
Record Date
Comments
Dividend Payment Date
N /A
N /A
$0.0000$0.0000No interim dividend has been declared for this reporting
period.
CGF has no dividend reinvestment plan currently in operation.
Refer to commentary in attached release.
Imputed amount
per security
6

UnauditedAudited.
C:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
6,72626.0%5,340
(1,069)(1,250)
5,65738.3%4,090
(6,343)9.8%(7,034)
Other income39-71.7%138
(647)76.9%(2,806)
Depreciation and amortisation(244)-47.0%(166)
Operating loss(891)70.0%(2,972)
Share of net loss of associates accounted for using the equity method(279)
-
Finance costs(449)20.4%(564)
(1,619)54.2%(3,536)
-(16)
(1,619)54.4%(3,552)
(2,478)71.3%(8,627)
Net loss for the year(4,097)66.4%(12,179)
(0.84)(2.85)
UnauditedAudited
D:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
Cash and cash equivalents714182
Trade and other receivables2,8362,579
Inventories154227
Other assets616518
Current tax assets-6
Assets classified as held-for-sale-6,495
Property, plant and equipment 359256
Investments accounted for using the equity method3,087-
Other non-current assets1515
7,781-24.3%10,278
Intangible assets2,948-2.9%3,035
10,729-19.4%13,313
4,8073,832
1,1801,826
Borrowings and other liabilities4,7295,769
-1,689
10,71618.3%13,116
13-93.4%197
42,51737,875
Accumulated losses(42,770)(38,804)
Foreign currency translation reserve334755
81146.6%(174)
Non-controlling interests(68)371
13-93.4%197
CentsCents
1.592.10
Net loss for the year from discontinued operations
Consolidated Statement of Financial Performance
Revenue
Cost of sales
Gross profit
Income tax benefit/(expense)
Net loss for the year from continuing operations
Earnings Per Share (Cents per share):
Operating expenses and staff costs
Operating profit before depreciation and amortisation
Loss before income tax
Trade and other payables
Bank overdraft
Total liabilities
Net assets
Consolidated Statement of Financial Position
Assets
Total tangible assets
Total assets
Liabilities
Liabilities classified as held-for-sale
Total tangible assets per share
Equity
Share capital
Total equity attributable to equity holders of the Company
Total equity
14.5%
CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE
C
Up/ Down
%
Unaudited
March 2018
$NZ’000
Audited
March 2017
$NZ’000
7

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
D
UnauditedAudited.
C:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
6,72626.0%5,340
(1,069)(1,250)
5,65738.3%4,090
(6,343)9.8%(7,034)
Other income39
-71.7%
138
(647)76.9%(2,806)
Depreciation and amortisation(244)-47.0%(166)
Operating loss(891)70.0%(2,972)
Share of net loss of associates accounted for using the equity method(279)-
Finance costs(449)20.4%(564)
(1,619)54.2%(3,536)
-(16)
(1,619)54.4%(3,552)
(2,478)71.3%(8,627)
Net loss for the year(4,097)66.4%(12,179)
(0.84)(2.85)
UnauditedAudited
D:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
Cash and cash equivalents714182
Trade and other receivables2,8362,579
Inventories154227
Other assets616518
Current tax assets-6
Assets classified as held-for-sale-6,495
Property, plant and equipment 359256
Investments accounted for using the equity method3,087-
Other non-current assets1515
7,781-24.3%10,278
Intangible assets2,948-2.9%3,035
10,729-19.4%13,313
4,8073,832
1,1801,826
Borrowings and other liabilities4,7295,769
-1,689
10,71618.3%13,116
13-93.4%197
42,51737,875
Accumulated losses(42,770)(38,804)
Foreign currency translation reserve334755
81146.6%(174)
Non-controlling interests(68)371
13-93.4%197
CentsCents
1.592.10
Net loss for the year from discontinued operations
Consolidated Statement of Financial Performance
Revenue
Cost of sales
Gross profit
Income tax benefit/(expense)
Net loss for the year from continuing operations
Earnings Per Share (Cents per share):
Operating expenses and staff costs
Operating profit before depreciation and amortisation
Loss before income tax
Trade and other payables
Bank overdraft
Total liabilities
Net assets
Consolidated Statement of Financial Position
Assets
Total tangible assets
Total assets
Liabilities
Liabilities classified as held-for-sale
Total tangible assets per share
Equity
Share capital
Total equity attributable to equity holders of the Company
Total equity
14.5%
UnauditedAudited
E:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
(4,097)65.2%(11,775)
4,6421,503
(421)760
Non-controlling interests(308)62
(184)98.1%(9,450)
1979,647
13-93.4%197
UnauditedAudited
F:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
(4,097)66.4%(12,179)
Deferred tax-(29)
495740
-4,043
279-
-174
-75
Share based payments358503
Reclassification from foreign currency translation reserve651-
Net movements in working capital6971,499
(1,617)68.7%(5,174)
(272)50.4%(548)
3,067-36.8%4,853
1,178235.6%(869)
(1,644)-112.1%(775)
(466)71.7%(1,644)
714182
(1,180)(1,826)
(466)71.7%(1,644)
G:N/A
H:N/A
(a)Name of jointly controlled entityBeijing Esquires Management Limited
(b)Percentage of ownership disposed100%
(c)Contribution to consolidated loss for the period-$2,478,000
(d)Date from which such contribution has been calculated1/04/17
(e)Contribution to consolidated profit/(loss) for the
previous corresponding period-$7,376,000
(f)Date from which such contribution has been calculated1/04/16
(g)Date of disposal30/09/17
I:
(a)Name of associate entity
(b)Percentage of ownership held20.97%
(c)Contribution to consolidated loss for the period-$279,000
(d)Date from which such contribution has been calculated1/10/17
(e)Contribution to consolidated profit/(loss) for the
previous corresponding periodN/A
(f)Date from which such contribution has been calculatedN/A
(g)Date of disposalN/A
J:
Category of Securities Issued
NumberQuoted
ORDINARY SHARES:
Total number of shares in issue489,509,248 489,509,248
I ssued during the current period73,022,583 -
K:
(a)
(b)
(c)
Refer to Commentary.
Significant trends or events since the end of the current full year or half year
Refer to Commentary.
Changes in accounting policies since last Annual Report and/ or last Half Yearly to be disclosed
Material Disposal of Subsidiaries
Material Investment in Associate
Issued and Quoted Securities at End of Current Period
Comments by Directors
I f no report in any section, state NI L. I f insufficient space below, prov ide details in the form of notes to be attached to this report.
Material factors affecting the revenues and expenses of the group for the current full year or half year
Made up as follows:
Cash and cash equivalents
Bank overdraft
Material Acquisition of Subsidiaries
Shanghai Yinshi Food and Beverage
Management Company Limited
Net (decrease)/increase in cash held
Opening bank balance
Closing bank balance
Provision for doubtful debt
Net cash flow from operating activities
Net cash flow from investing activities
Net cash flow from financing activities
Add/(Less):
Depreciation & amortisation
Impairment of goodwill
Share of losses of associates
Impairment of other assets
Movements in equity for the period
Equity at start of the period
Equity at end of the period
Consolidated Statement of Cash Flows
Loss for the period
Statement of Changes in Equity
Loss for the period
Net increase in issued share capital
Foreign currency translation reserve
STATEMENT OF CHANGES IN EQUITY
E
8
Up/ Down
%
Unaudited
March 2018
$NZ’000
Audited
March 2017
$NZ’000
Up/ Down
%
Unaudited
March 2018
$NZ’000
Audited
March 2017
$NZ’000

CONSOLIDATED STATEMENT OF CASH FLOWS
F
9
UnauditedAudited
E:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
(4,097)65.2%(11,775)
4,6421,503
(421)760
Non-controlling interests(308)62
(184)98.1%(9,450)
1979,647
13-93.4%197
UnauditedAudited
F:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
(4,097)66.4%(12,179)
Deferred tax
-(29)
495740
-4,043
279-
-174
-75
Share based payments358503
Reclassification from foreign currency translation reserve651
-
Net movements in working capital6971,499
(1,617)68.7%(5,174)
(272)50.4%(548)
3,067-36.8%4,853
1,178235.6%(869)
(1,644)-112.1%(775)
(466)71.7%(1,644)
714182
(1,180)(1,826)
(466)71.7%(1,644)
G:N/A
H:N/A
(a)Name of jointly controlled entityBeijing Esquires Management Limited
(b)Percentage of ownership disposed100%
(c)Contribution to consolidated loss for the period-$2,478,000
(d)Date from which such contribution has been calculated1/04/17
(e)Contribution to consolidated profit/(loss) for the
previous corresponding period-$7,376,000
(f)Date from which such contribution has been calculated1/04/16
(g)Date of disposal30/09/17
I:
(a)Name of associate entity
(b)Percentage of ownership held20.97%
(c)Contribution to consolidated loss for the period-$279,000
(d)Date from which such contribution has been calculated1/10/17
(e)Contribution to consolidated profit/(loss) for the
previous corresponding periodN/A
(f)Date from which such contribution has been calculatedN/A
(g)Date of disposalN/A
J:
Category of Securities Issued
NumberQuoted
ORDINARY SHARES:
Total number of shares in issue489,509,248 489,509,248
I ssued during the current period73,022,583 -
K:
(a)
(b)
(c)
Refer to Commentary.
Significant trends or events since the end of the current full year or half year
Refer to Commentary.
Changes in accounting policies since last Annual Report and/ or last Half Yearly to be disclosed
Material Disposal of Subsidiaries
Material Investment in Associate
Issued and Quoted Securities at End of Current Period
Comments by Directors
I f no report in any section, state NI L. I f insufficient space below, prov ide details in the form of notes to be attached to this report.
Material factors affecting the revenues and expenses of the group for the current full year or half year
Made up as follows:
Cash and cash equivalents
Bank overdraft
Material Acquisition of Subsidiaries
Shanghai Yinshi Food and Beverage
Management Company Limited
Net (decrease)/increase in cash held
Opening bank balance
Closing bank balance
Provision for doubtful debt
Net cash flow from operating activities
Net cash flow from investing activities
Net cash flow from financing activities
Add/(Less):
Depreciation & amortisation
Impairment of goodwill
Share of losses of associates
Impairment of other assets
Movements in equity for the period
Equity at start of the period
Equity at end of the period
Consolidated Statement of Cash Flows
Loss for the period
Statement of Changes in Equity
Loss for the period
Net increase in issued share capital
Foreign currency translation reserve
UnauditedAudited
E:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
(4,097)65.2%(11,775)
4,6421,503
(421)760
Non-controlling interests(308)62
(184)98.1%(9,450)
1979,647
13-93.4%197
UnauditedAudited
F:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
(4,097)66.4%(12,179)
Deferred tax-(29)
495740
-4,043
279-
-174
-75
Share based payments358503
Reclassification from foreign currency translation reserve651-
Net movements in working capital6971,499
(1,617)68.7%(5,174)
(272)50.4%(548)
3,067-36.8%4,853
1,178235.6%(869)
(1,644)-112.1%(775)
(466)71.7%(1,644)
714182
(1,180)(1,826)
(466)71.7%(1,644)
G:N/A
H:N/A
(a)Name of jointly controlled entityBeijing Esquires Management Limited
(b) Percentage of ownership disposed100%
(c) Contribution to consolidated loss for the period-$2,478,000
(d) Date from which such contribution has been calculated1/04/17
(e) Contribution to consolidated profit/(loss) for the
previous corresponding period-$7,376,000
(f) Date from which such contribution has been calculated1/04/16
(g) Date of disposal30/09/17
I:
(a)Name of associate entity
(b)Percentage of ownership held20.97%
(c)Contribution to consolidated loss for the period-$279,000
(d)Date from which such contribution has been calculated1/10/17
(e)Contribution to consolidated profit/(loss) for the
previous corresponding periodN/A
(f)Date from which such contribution has been calculatedN/A
(g)Date of disposalN/A
J:
Category of Securities Issued
NumberQuoted
ORDINARY SHARES:
Total number of shares in issue489,509,248 489,509,248
I ssued during the current period73,022,583 -
K:
(a)
(b)
(c)
Refer to Commentary.
Significant trends or events since the end of the current full year or half year
Refer to Commentary.
Changes in accounting policies since last Annual Report and/ or last Half Yearly to be disclosed
Material Disposal of Subsidiaries
Material Investment in Associate
Issued and Quoted Securities at End of Current Period
Comments by Directors
I f no report in any section, state NI L. I f insufficient space below, prov ide details in the form of notes to be attached to this report.
Material factors affecting the revenues and expenses of the group for the current full year or half year
Made up as follows:
Cash and cash equivalents
Bank overdraft
Material Acquisition of Subsidiaries
Shanghai Yinshi Food and Beverage
Management Company Limited
Net (decrease)/increase in cash held
Opening bank balance
Closing bank balance
Provision for doubtful debt
Net cash flow from operating activities
Net cash flow from investing activities
Net cash flow from financing activities
Add/(Less):
Depreciation & amortisation
Impairment of goodwill
Share of losses of associates
Impairment of other assets
Movements in equity for the period
Equity at start of the period
Equity at end of the period
Consolidated Statement of Cash Flows
Loss for the period
Statement of Changes in Equity
Loss for the period
Net increase in issued share capital
Foreign currency translation reserve
UnauditedAudited
E:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
(4,097)65.2%(11,775)
4,6421,503
(421)760
Non-controlling interests(308)62
(184)98.1%(9,450)
1979,647
13-93.4%197
UnauditedAudited
F:
Mar-18Up / DownMar-17
$NZ '000%$NZ '000
(4,097)66.4%(12,179)
Deferred tax-(29)
495740
-4,043
279-
-174
-75
Share based payments358503
Reclassification from foreign currency translation reserve651-
Net movements in working capital6971,499
(1,617)68.7%(5,174)
(272)50.4%(548)
3,067-36.8%4,853
1,178235.6%(869)
(1,644)-112.1%(775)
(466)71.7%(1,644)
714182
(1,180)(1,826)
(466)71.7%(1,644)
G:N/A
H:N/A
(a)Name of jointly controlled entityBeijing Esquires Management Limited
(b)Percentage of ownership disposed100%
(c)Contribution to consolidated loss for the period-$2,478,000
(d)Date from which such contribution has been calculated1/04/17
(e)Contribution to consolidated profit/(loss) for the
previous corresponding period-$7,376,000
(f)Date from which such contribution has been calculated1/04/16
(g)Date of disposal30/09/17
I:
(a) Name of associate entity
(b) Percentage of ownership held20.97%
(c) Contribution to consolidated loss for the period-$279,000
(d) Date from which such contribution has been calculated1/10/17
(e) Contribution to consolidated profit/(loss) for the
previous corresponding periodN/A
(f) Date from which such contribution has been calculatedN/A
(g) Date of disposalN/A
J:
Category of Securities Issued
NumberQuoted
ORDINARY SHARES:
Total number of shares in issue489,509,248 489,509,248
I ssued during the current period73,022,583 -
K:
(a)
(b)
(c)
Refer to Commentary.
Significant trends or events since the end of the current full year or half year
Refer to Commentary.
Changes in accounting policies since last Annual Report and/ or last Half Yearly to be disclosed
Material Disposal of Subsidiaries
Material Investment in Associate
Issued and Quoted Securities at End of Current Period
Comments by Directors
I f no report in any section, state NI L. I f insufficient space below, prov ide details in the form of notes to be attached to this report.
Material factors affecting the revenues and expenses of the group for the current full year or half year
Made up as follows:
Cash and cash equivalents
Bank overdraft
Material Acquisition of Subsidiaries
Shanghai Yinshi Food and Beverage
Management Company Limited
Net (decrease)/increase in cash held
Opening bank balance
Closing bank balance
Provision for doubtful debt
Net cash flow from operating activities
Net cash flow from investing activities
Net cash flow from financing activities
Add/(Less):
Depreciation & amortisation
Impairment of goodwill
Share of losses of associates
Impairment of other assets
Movements in equity for the period
Equity at start of the period
Equity at end of the period
Consolidated Statement of Cash Flows
Loss for the period
Statement of Changes in Equity
Loss for the period
Net increase in issued share capital
Foreign currency translation reserve
MATERIAL ACQUISITION OF SUBSIDIARIES
MATERIAL DISPOSAL OF SUBSIDIARIES
N /A
N /A
G
H
Up/ Down
%
Unaudited
March 2018
$NZ’000
Audited
March 2017
$NZ’000
MATERIAL INVESTMENT IN JOINTLY CONTROLLED ENTITYN /A
I

ISSUED AND QUOTED SECURITIES AT END OF CURRENT PERIOD
J
Category of Securities IssuedNumber
489,509,248
73,022,583
Quoted
489,509,248
-
ORDINARY SHARES:
Total number of shares in issue
Issued during the current year
COMMENTS BY DIRECTORS
K
If no report in any section, state NIL. If insufficient space below, provide details in the form of notes to be
attached to this report.
Material factors affecting the revenues and expenses of the group for the current full year or half yearA.
B.
C.
D.
E.
Significant trends or events since the end of the current full year or half year
Changes in accounting policies since last Annual Report and/or last Half Yearly to be disclosed
Management’s discussion and analysis of financial condition, result and/or operations (optional) - this
section should contain forward looking statements that should outline where these involve risk and
uncertainty
14 June 2018
(signed by) Authorised Officer of Listed Issuer(Date)
Critical Accounting Policies - Management believes the following to be critical accounting policies. That
is they are both important to the portrayal of the Issuer’s financial condition and results, as they require
management to make judgments and estimates about matters that they are inherently uncertain
Refer to Commentary.
Refer to Commentary.
None. For detailed accounting policies please refer to Note 3 in the 2017 Annual Report.
Refer to Commentary.
None.
10

COOKS GLOBAL FOODS LIMITED
SEGMENT INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018
11
COOKS GLOBAL FOODS LIMITED
SEGMENT INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018
UnauditedUnauditedUnauditedUnauditedUnauditedUnauditedUnauditedUnauditedUnaudited
Global
franchising
& design
UK
franchising
& retail
Europe
franchising
& retail
SupplyCorporate Total
China
franchising
& retail
SupplyTotal
Global operational splits$'000$'000$'000$'000$'000$'000$'000$'000$'000
Revenue1,9372,962989838-6,7261,746461,792
Other income-38--13927045315
Cost of inventories sold(205)(192)-(672)-(1,069)(804)(11)(815)
Depreciation and amortisation(35)(162)(35)(1)(11)(244)(251)-(251)
Other expenses(1,264)(2,452)(762)(464)(1,401)(6,343)(3,499)(11)(3,510)
Operating loss for the year
433194192(299)(1,411)(891)(2,538)69(2,469)
Non-current assets
Intangible assets69901498-1,4802,9482,137-2,137
Property, plant and equipment 2728525319
359
570-
570
FOR THE YEAR ENDED 31 MARCH 2017
AuditedAuditedAuditedAuditedAuditedAuditedAuditedAuditedAudited
Global
franchising &
design
UK
franchising &
retail
Ireland
franchising &
retail
SupplyCorporate Total
China
franchising
& retail
SupplyTotal
Global operational splits$'000$'000$'000$'000$'000$'000$'000$'000$'000
Revenue2,4891,543668640-5,3404,7454475,192
Other income-112--26138319-319
Cost of inventories sold(511)(170)-(569)-(1,250)(1,680)(542)(2,222)
Depreciation and amortisation(33)(86)(31)-(16)(166)(425)(149)(574)
Impairment of goodwill ------(4,043)-(4,043)
Other expenses(1,718)(2,129)(673)(312)(2,202)(7,034)(6,276)(1,007)(7,283)
Operating loss for the year
227(730)(36)(241)(2,192)(2,972)(7,360)(1,251)(8,611)
Non-current assets
Intangible assets68957529-1,4813,0352,257-2,257
Property, plant and equipment 9412214224256
570
194
764
Continuing operationsDiscontinued operations
Continuing operationsDiscontinued operations