Performance Food Group has announced a minor change to its year-end results, posted last month, in its Form 10-K for the year to the end of December 2005.
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The company said the year-end results include an additional gain in discontinued operations relating to the evaluation of year-end deferred tax balances of approximately US$1.9m, resulting from the sale of its fresh-cut business, which was not included in its preliminary results announced on 7 February 2006.
While the increase in the reported gain in discontinued operations boosted the company’s net income, Performance Food said there was no effect on income from continuing operations or diluted earnings per share from continuing operations.
