Del Monte Foods Holdings Limit

Consolidated Balance
(In thousands of US dollars, except sh

Note
ASSETS
Non-current Assets
Property, plant and equipment 4
Intangible assets and goodwill 7
Deferred tax assets 8
Derivative assets 18
Other noncurrent assets 9
Total Non-current Assets
Current Assets
Inventories 10
Trade and other receivables 11

Prepaid and other current assets 12

Derivative assets 18

Cash 13
Total Current Assets

Total Assets

EQUITY AND LIABILITIES

Equity
Common stock ($1.00 par value, shares authorized -
50,000; issued and outstanding - April 30, 2023: 2;
May 2, 2021: 2; May 3, 2020: 1)
Additional paid-in capital
Deficit
Reserves 14
Equity attributable to owners of the Company
Non-controlling interests
Total Equity
Non-current Liabilities
Loans and borrowings 15

Noncurrent lease liabilities 5

Employee benefits 17

Environmental remediation liabilities 19

Deferred tax liabilities 8

Derivative liabilities 18

Other non-current liabilities 16

Total Non-current Liabilities
Current Liabilities
Loans and borrowings 15

Current lease liabilities 5

Employee benefits 17

Trade and other payables 20

Derivative liabilities 18
Contract liabilities 21
Intercompany payables (net) 34
Current tax liabilities
Total Current Liabilities
Total Liabilities
Total Equity and Liabilities

Del Monte Foods Holdings Limit

Consolidated Income S
(In thousands of US d

Note
Net sales 21
Cost of sales 22
Gross profit
Distribution and selling expenses 22
General and administrative expenses 22
Other income (expenses) - net 23
Income from operations
Net finance expense 24
Income (Loss) before taxation
Income tax expense – current 25
Income tax (expense) benefit – deferred 25
Net Income (Loss)
Profit (loss) attributable to:
Owners of the Company
Non-controlling interests

Earnings per share

Basic/diluted earnings (loss) per share
See Notes to the Consolidated Financial Statements
e Foods Holdings Limited and Subsidiaries
Consolidated Balance Sheet
of US dollars, except share and per share data)

April 30, 2023 May 1, 2022

$337,461 $322,572
740,959 675,165
117,551 116,275
6,189 -
6,428 5,952
1,208,588 1,119,964

942,896 587,605
140,742 111,901

37,620 24,463

1,617 1,485

6,846 2,355
1,129,721 727,809

$2,338,309 $1,847,773

$- $-

1,084,516 1,084,516
-314,395 -311,454
46,720 39,943
816,841 813,005
- -
816,841 813,005
 699,464 473,659

36,058 45,939

21,294 24,330

- 203
1,092 1,092

3,096 7,896

13,729 15,127
774,733 568,246

467,890 141,060

20,157 20,521

24,280 36,958

164,854 155,533

3,052 -
2,366 2,091
64,101 110,160
35 199
746,735 466,522
1,521,468 1,034,768
$2,338,309 $1,847,773

e Foods Holdings Limited and Subsidiaries

Consolidated Income Statement
(In thousands of US dollars)

Years Ended
April 30, 2023 May 1, 2022 May 2, 2021
$1,733,102 $1,654,913 $1,483,057
-1,332,754 -1,258,817 -1,147,937
400,348 396,096 335,120
-119,778 -118,498 -104,428
-115,665 -120,218 -133,273
-11,347 -1,579 4,025
153,558 155,801 101,444
-158,054 -84,346 -84,581
-4,496 71,455 16,863
-1,970 -466 -634
3,525 -13,791 -381
($2,941) $57,198 $15,848

($2,941) $57,198 $15,848

- - -
($2,941) $57,198 $15,848

($1,419) $27,592 $7,645

May 2, 2021

$326,235
681,815
129,938
-
6,906
1,144,894

451,659
95,582

21,048

1,694

4,125
574,108

$1,719,002

$-

1,084,516
-368,652
40,834
756,698
1,961
758,659
 465,155

57,658

31,490

7,429
1,092

17,703
580,527

68,828

21,204

38,275

129,224

80
543
121,241
421
379,816
960,343
$1,719,002
 Del Monte Foods Holdings Limited and Subsidiaries
Consolidated Statements of Comprehensive Income
(In thousands of US dollars)

Note April 30, 2023

Net Income (Loss) ($2,941)
Other comprehensive income (loss)
Items that will not be reclassified to profit or loss:
Re-measurement of retirement plans and other post-
employment benefits 17 479
Income tax effect -120
359
Items that will or may be reclassified
subsequently to profit or loss:
Currency translation differences, net of
tax (expense) of ($3), nil and nil, respectively 40
Effective portion of changes in fair value of cash flow hedges:
Interest rate cap/swaps, net of tax benefit
(expense) of ($3,109), $1,974 and $59, respectively 18 9,328
Commodity swaps – Natural gas and
Diesel, net of tax benefit (expense)
of $867, $351 and ($1,127), respectively 18 -2,602
Cross-currency swaps – Peso, net of
tax (expense) of $116, ($131) and $19, respectively 18
-348
6,418
Other comprehensive income (loss), net of tax 6,777
Total comprehensive income $3,836

Total comprehensive income attributable to: $3,836

Owners of the Company -
Non-controlling interests $3,836

Earnings per share

Basic/diluted earnings (loss) per share ($1,419)

See Notes to the Consolidated Financial Statements.

d Subsidiaries
nsive Income
s)

Years Ended
May 1, 2022 May 2, 2021
$57,198 $15,848

7,936 51,414
-2,066 -13,069
5,870 38,345

-149 -15

-5,922 -180

-1,103 3,475

413 -61
-6,761 3,219
-891 41,564
$56,307 $57,412

$56,307 $57,412
- -
$56,307 $57,412

$27,592 $7,645