News | Rural
7 Jul 2025 16:54
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Rural

    The Financial Markets Authority wants to see Fonterra's books

    The Financial Markets Authority wants to see Fonterra's books


    Fonterra
    Fonterra
    The FMA has confirmed to the Herald it's seeking information over concerns about the cooperative's shock asset write downs announcement and 2019 year financial statements.

    Last month, Fonterra announced that write downs would plunge the dairy giant into a loss of up to 675 million dollars.

    Fonterra's largest farmer-shareholder Colin Armer has made a formal complaint to the regulator about Fonterra's accounts.

    He says there have been inconsistent valuation methods for the carrying values of Chinese investment Beingmate and China Farms.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     29 Jun: Dairy farmers are remaining optimistic, despite some road bumps
     04 Jun: Dairy prices are down 1.6 percent at the latest Global Dairy Trade auction
     29 May: Good news for Fonterra dairy farmers - accompanied by a "but"
     29 May: Fonterra's reporting a strong rise in profit, while warning of more global uncertainty on the horizon
     26 May: Farmers are sounding the alarm - warning the sheep industry is collapsing
     25 May: Strong global dairy commodity prices are expected to be good news for farmers this season
     22 May: New Zealand farmers are benefiting from a dairy renaissance
     Top Stories

    RUGBY RUGBY
    The All Blacks are confident Rieko Ioane will find his footing with his return to the wing ahead of the second test against France in Wellington More...


    BUSINESS BUSINESS
    The hard questions NZ must ask about the claimed economic benefits of fast-track mining projects More...



     Today's News

    Entertainment:
    Liam Gallagher's son Lennon Gallagher "can't wait" to see his dad back onstage with Oasis 16:36

    International:
    Hundreds of girls were 'living their best life' at Texas summer camp. Then disaster struck 16:27

    Law and Order:
    Wellington Police have revealed further details of serious injuries sustained by a young Hutt Valley baby 16:17

    Law and Order:
    In Australia - a jury has indicated it's reached verdicts in the fatal mushroom lunch trial - and is expected to reconvene shortly 16:07

    Entertainment:
    Emma Roberts would love to play the next murder victim on The White Lotus 16:06

    Politics:
    The Government says changes to child banking requirement - are one step in its new anti-money laundering regime 15:57

    Entertainment:
    Scarlett Johansson's beauty brand The Outset has launched skin survival kits in collaboration with her new movie Jurassic World Rebirth 15:36

    Entertainment:
    Michael Madsen was reportedly struggling with alcohol addiction before his death 15:06

    Health & Safety:
    Wellington Hospital's trialling cutting maternity and gynaecology beds, to ease ED pressure 14:57

    Entertainment:
    Paul Simon has successfully undergone surgery for "chronic and intense back pain" 14:36


     News Search






    Power Search


    © 2025 New Zealand City Ltd