ABN 26 004 139 397 Level 13, 40 Mount Street
North Sydney NSW 2060, Australia ccamatil.com
ASX Release
23 July 2020
RESTATEMENT OF 1H2019 AND FY2019 SEGMENT FINANCIAL RESULTS
REFLECTING CHANGES TO SEGMENT REPORTING
Coca-Cola Amatil Limited (Amatil) today restates the First Half 2019, Full Year 2019, and Full Year 2018 segment financial results, reflecting modifications to its segment reporting resulting from the integration of the Alcohol & Coffee business across each geographic segment.
Changes to the organisational structure were announced on 9 September 2019 and were designed to accelerate the Regional Beverages Powerhouse strategy by simplifying Amatil's operations and strengthening customer focus.
The change is further summarised as:
- The Australian-based Alcohol & Coffee businesses merged into the existing Australia segment; and
- The New Zealand and Fijian-based Alcohol businesses merged into the existing New Zealand & Fiji segment and has been renamed Pacific
The change to segment reporting will be reported for the first time in the upcoming Half Year 2020 results to be announced on 20 August 2020. It affects only the composition of Amatil's segment information and it will not impact Amatil's consolidated earnings and balance sheet previously reported to the market.
Amatil will provide a split of segment revenue into Non-Alcohol and Alcohol for the Australian and Pacific segments to aid readers' understanding of Amatil's financial results.
The tables on the following page summarise Amatil's 2019 (by half year) and 2018 segment revenues and results in the previously reported and new segment reporting formats, including impacts of the change.
ENDS
For further information:
Media | Investor Relations | Group Company Secretary |
Tanya Baini | Ana Metelo | Richard Conway |
Mobile: +61 418 865 853 | Mobile: +61 429 849 905 | Mobile: +61 438 751 883 |
Email: tanya.baini@ccamatil.com | Email:ana.metelo@ccamatil.com | Email: richard.conway@ccamatil.com |
James Lopez | ||
Mobile: +61 437 937 100 | ||
Email:james.lopez@ccamatil.com |
Authorised by the Audit & Finance Committee.
ABOUT COCA-COLA AMATIL
Coca-Cola Amatil Limited (including subsidiaries, group entities and related bodies corporate) is one of the largest bottlers and distributors of ready-to-drinknon-alcohol and alcohol beverages and coffee in the Asia Pacific region. Coca-Cola Amatil is also the authorised bottler and distributor of The Coca-Cola Company's beverage brands in Australia, New Zealand, Fiji, Indonesia, Papua New Guinea and Samoa. Coca-Cola Amatil directly employs around 12,000 people and indirectly creates thousands more jobs across the supply chain, partnering with key suppliers to bottle, package, sell and distribute its products. With access to around 270 million potential consumers through more than 630,000 active customers Coca-Cola Amatil is committed to leading through innovation, building a sustainable future and delivering long-term value, both to shareholders and to society.
For more information, visitwww.ccamatil.com or search for Coca-Cola Amatil on LinkedIn, Facebook or Twitter.
2/2
Attachments
- Original document
- Permalink
Disclaimer
CCA - Coca-Cola Amatil Ltd. published this content on 23 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2020 08:40:19 UTC