Coca Cola Report

Only available on StudyMode
  • Download(s) : 38
  • Published : December 6, 2012
Open Document
Text Preview
ANNUAL REPORT 2011

contents
chairman’s Review managing director’s Review Financial commentary Board of directors senior management corporate Governance statement Financial and statutory Reports directors’ Report Financial Report Income Statement Statement of Comprehensive Income Statement of Financial Position Statement of Cash Flows Statement of Changes in Equity Notes to the Financial Statements 1. Summary of Significant Accounting Policies 2. Segment Reporting 3. Revenue 4. Income Statement Disclosures 5. Income Tax Expense 6. Cash and Cash Equivalents 7. Trade and Other Receivables 8. Inventories 9. Other Financial Asset 10. Investment in Joint Venture Entity 11. Investments in Bottlers’ Agreements 12. Property, Plant and Equipment 13. Intangible Assets 14. Impairment Testing of Investments in Bottlers’ Agreements and Intangible Assets with Indefinite Lives 1 2 4 5 6 7 13 13 40 40 41 42 43 44 45 45 51 52 53 54 55 56 58 58 59 59 60 61 62 15. Trade and Other Payables 16. Interest Bearing Liabilities 17. Provisions 18. Deferred Tax Assets and Liabilities 19. Defined Benefit Superannuation Plans 20. Share Capital 21. Shares Held by Equity Compensation Plans 22. Reserves 23. Employee Ownership Plans 24. Dividends 25. Earnings Per Share (EPS) 26. Commitments 27. Contingencies 28. Auditors’ Remuneration 29. Business Combinations 30. Key Management Personnel Disclosures 31. Derivatives and Net Debt Reconciliation 32. Capital and Financial Risk Management 33. Related Parties 34. CCA Entity Disclosures 35. Deed of Cross Guarantee 36. Investments in Subsidiaries 37. Events after the Balance Date Directors’ Declaration independent auditor’s report shareholder information company directories share Registry and other enquiries calendar of events 2012 63 64 65 65 66 69 70 70 71 74 74 75 75 76 76 77 79 79 90 91 92 93 95 96 97 98 100 100 101

annual GeneRal meetinG

the annual General meeting will be held on tuesday, 15 may 2012 at 10.00 am in the James cook Ballroom, intercontinental Sydney, cnr Bridge and philip Streets, Sydney, nSW. coca-cola amatil limited aBn 26 004 139 397

CHAIRMAN’S REVIEW

Coca-Cola Amatil (CCA) reported net profit after tax of $591.8 million, an increase of 19.0% on the 2010 full year result, which includes a significant gain after tax of $59.8 million. Before significant items, the business delivered net profit after tax of $532.0 million, an increase of 5.0%. Earnings per share (EPS) increased by 18.3% to 78.1 cents per share, an increase of 4.3% to 70.2 cents per share on a pre-significant items basis. CCa’s record 2011 profit result was driven by strong performances from the indonesian & pnG operations, efficiency gains from the successful execution of project Zero capital investment programs and continued improvements in the australasian operations. the reported significant gain of $59.8 million for the year comprised $170.3 million in after tax profit from the agreement to sell CCa’s 50% share of the pacific Beverages joint venture to SaBmiller in december 2011, net of $110.5 million in restructuring and associated costs for the SpC ardmona business. STRONG CASH FLOW & BALANCE SHEET it is gratifying to note the growth in cash flow for the period. operating cash flow, which does not include the cash proceeds from the agreement to sell pacific Beverages, increased by $56.4 million to $641.8 million and was sufficient to fully fund CCa’s 2011 dividend payments and significant investing activities. the balance sheet continues to be very strong, with eBit interest cover increasing from 6.3 times to 6.8 times for the year, and the refinancing of all maturing debt up to april 2014 completed by January 2012. DIVIDENDS UP 8.2% IN 2011 earnings growth combined with strong free cash flow generation has supported the 8.9% increase in the fully franked final dividend to 30.5 cents per share. this takes dividends paid for the year to 52.5 cents per share, fully franked, an increase of 8.2% in 2011. the...
tracking img