Meat & Livestock Australia’s retained earnings reduced by a further $20.2 million in 2022-23, bringing down the organisation’s overall retained surplus from $110.1 million three years ago to $44.8 million today.
The deficit predominantly reflects the application of MLA’s Levy Reserve Policy, its 2022-23 annual report said, which required an increase in levy investment.
Click on image to downlad PDF of MLA annual report 2022-23.
“The deficit largely reflects the deliberate drawdown on excess accumulated levy reserve balances,” the document states.
Beef Central has today sought…
