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1. Identify budgeted unit cost and unit price information and compare with actual results (i.e., budgeted unit cost, budgeted unit price, actual unit cost, actual

1. Identify budgeted unit cost and unit price information and compare with actual results (i.e., budgeted unit cost, budgeted unit price, actual unit cost, actual unit price) for France. Please interpret your findings.

2. Compare and evaluate France using variance analysis. Please interpret variances and discuss the impacts of weather, market share, product price, and transfer pricing. (i.e., comparing budgets based on actual temperature, budgets based on projected temperature, and actual results may help to evaluate the impact of weather; flexible budgets based on actual sales volumes may help to evaluate operating efficiency)

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197-085 Compagnie du Froid, S.A. Exhibit 2 French Region, 2009 Results Variance Profit Plan Volume Euros ('000) (000) Actual Volume Euros ('000) (000) Sales Data Sales ice-cream (volume in litres) Sales specialties (litres) Revenue from distribution Total Sales 4,010 445 17,879 3,661 4,618 405 20,005 3,377 79 23,461 2,126 (284) 79 1,921 TITICI F U F F 4,455 21,540 5,023 Cost of Goods Sold Cost ice-cream Dairy ingredients (litres) Other ingredients (100 gr.) Labor (hours) 2,887 1,844 38.29 7,893 2,841 371 3,317 2,047 43.56 9,142 3,186 438 (1,249) (345) (67) U U 1,015 Cost specialties Dairy ingredients (litres) Other ingredients (100 gr.) Labor (hours) Contribution margin 410 316 40.03 1,121 693 388 8,233 368 298 36.02 655 362 106 38 26 430 TITITITI F F F F 8,663 (118) U Other Costs Supervision, energy, maintenance, ... Depreciation Operating margin 2,206 467 5,560 2,324 467 5,872 312 F Selling and Administrative Expenses Delivery expenses Depreciation of trucks Selling expenses Advertising Administrative salaries and expenses Allocated central office expenses Profits before Interest and Taxes 861 507 1,078 1,141 788 158 1,027 908 510 1,139 1,070 810 193 1.242 (47) (3) (61) 71 (22) (35) 215 TICCCCC U Identifiable Assets Cash (average) Accounts Receivable (average) Plant and equipment (net of depreciation 2,322) Total identifiable assets 94 580 4,713 5.387 141 634 4.726 5.501 (47) (54) (13) (114) Conditions for tourism Average summer temperature 29.8 C 29.2C 197-085 Exhibit 6 Historical Data Temperature and Sales Volume France Year Temperature Sales Volume Volume Growth (degrees Celsius) ('000 litres) 1995 27.7 1,344 1996 29.2 1,435 6.7% 1997 28.4 1,484 3.4% 1998 30.9 1,714 15.5% 1999 32.9 2,031 18.5% 2000 27.3 1,984 -2.3% 2001 30.0 2,208 11.3% 2002 30.5 2,489 12.7% 2003 30.8 2,761 10.9% 2004 30.0 2,998 8.6% 2005 29.7 3,216 7.3% 2006 30.3 3,445 7.1% 2007 29.6 3,797 10.2% 2008 29.4 4,087 7.6% 2009 (budget) 4,455 9.0% Average 29.8 C 9.1%

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