Notes to Consolidated Financial Statements

FINANCIAL
OVERVIEW
CONSOLIDATED
STATEMENTS
OF OPERATIONS
CONSOLIDATED
BALANCE SHEETS
CONSOLIDATED
STATEMENTS
OF CASH FLOWS
CONSOLIDATED
STATEMENTS
OF EQUITIES
NOTES TO
CONSOLIDATED
FINANCIAL
STATEMENTS
REPORT OF
MANAGEMENT
INDEPENDENT
AUDITOR'S
REPORT
TEN YEARS
IN REVIEW

  6. Inventories

A summary of inventories at December 31 is as follows:

  2003 2002
Raw materials $159,511 $141,849
Work in process 33,734 33,707
Finished goods 303,531 270,830
Total inventories $496,776 $446,386

<-- note 5 note 7-->

 
INTRODUCTION |HIGHLIGHTS OF 2003 |LETTER TO THE STAKEHOLDERS |DAIRY FOODS
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