11 August 2017
Market Announcements Office ASX Limited
Exchange Centre 20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
Re: CHANGES IN SEGMENT REPORTING
PO Box 1895
North Sydney NSW 2060, Australia ccamatil.com
As foreshadowed in its announcement on 26 June 2017, Coca-Cola Amatil Limited (ASX: CCL, "the Company") intends to make changes to its segment reporting, effective from 1 January 2017, reflecting the recent creation of a Property division. These changes are subject to Board approval.
The Property division will:
manage Coca-Cola Amatil's Australian and New Zealand land and building assets associated with its key production and warehousing facilities;
derive income from internal rent charges on those facilities which are owned (to be charged at market rates);
be responsible for taking a Group-wide approach to managing the ownership and lease arrangements for all Coca-Cola Amatil facilities; and
be reported as part of Coca-Cola Amatil's Corporate, Food & Services results for financial reporting purposes.
This change to segment reporting affects only the composition of Coca-Cola Amatil's segment information and will not impact Group earnings, balance sheet and cash flows as previously reported to the market. The change is expected to be approved at the Company's Board Meeting in August 2017, and will be reported for the first time in the 2017 Half Year Report to be lodged with ASX on 23 August 2017.
The table provided on the following page summarises Coca-Cola Amatil's 2014 to 2016 segment results and net assets, in the "new" segment composition and "as previously reported" segment composition.
For further information:
Media Investor Relations
Patrick Low David Akers
Mobile: +61 447 121 838 Mobile: +61 412 944 577
Email:patrick.low@ccamatil.com Email: david.akers@ccamatil.com
Liz McNamara
Mobile: +61 405 128 176
Email: liz.mcnamara@ccamatil.com
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SEGMENT REPORTING
Non-Alcohol Beverages
New segment composition Earnings before interest & tax (EBIT)1 Add back: Depreciation & amortisation expenses | Australia | New Zealand & Fiji | Indonesia & Papua New Alcohol & Coffee Beverages 2016 HY-16 2015 2014 2016 HY-16 2015 2014 $M $M $M $M $M $M $M $M 69.6 37.0 48.7 44.3 44.7 19.5 34.1 25.9 76.8 38.0 73.9 61.3 5.3 2.4 4.7 4.0 | Corporate, Food & Services | Total 2016 HY-16 2015 2014 $M $M $M $M 683.4 326.9 660.6 651.5 269.3 133.9 270.2 266.6 | |||||||||||||||||||
2016 $M 440.9 68.2 | HY-16 $M 210.8 34.1 | 2015 $M 449.7 70.7 | 2014 $M 448.9 72.7 | 2016 HY-16 $M $M 99.7 43.7 27.7 12.9 | 2015 $M 93.1 26.2 | 2014 $M 86.9 25.9 | 2016 HY-16 $M $M 28.5 15.9 91.3 46.5 | 2015 2014 $M $M 35.0 45.5 94.7 102.7 | ||||||||||||||||
EBIT before depreciation & amortisation (EBITDA)1 | 509.1 | 244.9 | 520.4 | 521.6 | 127.4 | 56.6 | 119.3 | 112.8 | 146.4 | 75.0 122.6 105.6 | 50.0 | 21.9 | 38.8 | 29.9 | 119.8 | 62.4 | 129.7 148.2 | 952.7 | 460.8 | 930.8 | 918.1 | |||
Segment net assets2 | 1,196.7 1,189.8 1,223.0 1,256.7 | 440.9 | 430.6 | 434.2 | 440.7 | 775.1 | 767.4 710.0 644.0 | 294.8 | 251.1 255.3 244.6 | 695.6 | 956.2 | 933.6 972.0 | 3,403.1 3,595.1 3,556.1 3,558.0 | |||||||||||
As previously reported | 455.3 | 218.0 | 463.8 | 462.9 | 105.6 | 46.7 | 98.8 | 92.3 | 69.6 | 37.0 | 48.7 | 44.3 | 44.7 | 19.5 | 34.1 | 25.9 | 8.2 | 5.7 | 15.2 | 26.1 | 683.4 | 326.9 | 660.6 | 651.5 |
segment composition | ||||||||||||||||||||||||
EBIT1 | ||||||||||||||||||||||||
Add back: Depreciation & | ||||||||||||||||||||||||
amortisation expenses | 74.2 | 37.1 | 76.9 | 79.0 | 29.0 | 13.5 | 27.4 | 27.2 | 76.8 | 38.0 | 73.9 | 61.3 | 5.3 | 2.4 | 4.7 | 4.0 | 84.0 | 42.9 | 87.3 | 95.1 | 269.3 | 133.9 | 270.2 | 266.6 |
EBITDA1 | 529.5 | 255.1 | 540.7 | 541.9 | 134.6 | 60.2 | 126.2 | 119.5 | 146.4 | 75.0 | 122.6 | 105.6 | 50.0 | 21.9 | 38.8 | 29.9 | 92.2 | 48.6 | 102.5 | 121.2 | 952.7 | 460.8 | 930.8 | 918.1 |
Segment net assets2 | 1,371.3 | 1,369.5 | 1,403.4 | 1,443.1 | 509.0 | 498.0 | 502.0 | 510.9 | 775.1 | 767.4 | 710.0 | 644.0 | 294.8 | 251.1 | 255.3 | 244.6 | 452.9 | 709.1 | 685.4 | 715.4 | 3,403.1 | 3,595.1 | 3,556.1 | 3,558.0 |
1 Segment results are defined as earnings before interest and tax, and excluding non-trading and significant items (refer to Amatil's annual reports for further details) 2 Includes assets and liabilities - arising from operating and investing activities
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CCA - Coca-Cola Amatil Ltd. published this content on 10 August 2017 and is solely responsible for the information contained herein.
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