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BRIEF-Coca Cola Amatil updates on changes in segment reporting

Published 06/08/2015, 09:16 am
© Reuters.  BRIEF-Coca Cola Amatil updates on changes in segment reporting
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Aug 6 (Reuters) - Coca-Cola Amatil Ltd CCL.AX :

* Changes in segment reporting CCL.AX

* Proposed change to its segment reporting, effective from 1 January 2014, reflecting a number of outcomes from the recent strategic review of the group's activities

* To simplify reporting following the Coca Cola Company-taking a 29.4% equity interest in cca Indonesia"

* Will no longer charge a corporate overhead to segments and will report corporate costs with food and services businesses in a separate segment

* "Indonesia's services business will be consolidated into the indonesian non-alcohol beverage business "

* Change to segment reporting affects only composition of cca's segment information and will not impact earnings previously reported to the market

* Assets and liabilities of indonesian services business will be transferred from alcohol, food & services to Indonesia & png non-alcohol beverage

* "Grinders' H1 2014 volume of 4.8 million unit cases and H2 2014 volume of 5.9 million unit cases have been similarly moved"

* Source text for Eikon ID:nASX5fqBb5

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