annual report 2003 04 2 the chairman s 4 ceo review 8 fresh products 11 cheese 14 butter and spreads 16 ingredients 18 innovation 20 arla foods responsibility 22 employees 23 environment working 25 other activities 29 finance 33 management statement auditors 34 accounting policies 39 profit loss account 40 balance sheet 42 equity 43 cash flow 44 notes 54 group chart 56 map contents mission is to offer modern consumers milk based that provide inspiration security well being are consumed all over world 24 hours a day in vastly differing situations this photographer håkan lindgren illustrates meeting between people some of behind consumer confidence crucial existence while traditio nal family values such as safety naturalness stability an inte gral part we also wish meet desire for enjoyment why use word our concepts belong gether once feel secure with