Coca cola company annual report 2013. (PDF) Coca cola annual report 2013 2022-10-31
Coca cola company annual report 2013 Rating:
8,9/10
1610
reviews
The Coca-Cola Company's 2013 annual report highlights the company's continued success and growth in the global marketplace.
One key area of focus for the company in 2013 was sustainability. The Coca-Cola Company set a goal to replenish all the water it uses in its finished beverages and their production by 2020, and in 2013, the company replenished approximately 57% of the water it used. The company also invested in water conservation and treatment technologies, as well as water stewardship programs in local communities.
In addition to its efforts in water sustainability, the Coca-Cola Company also made progress in reducing its carbon footprint. The company set a goal to reduce the carbon dioxide emissions from its production by 25% by 2020, and in 2013, the company reduced its carbon dioxide emissions by 16%. The company also invested in renewable energy sources, such as solar and wind power, to help reduce its reliance on fossil fuels.
The Coca-Cola Company's 2013 annual report also highlights the company's strong financial performance. The company's net operating revenues increased by 5% in 2013, and the company saw growth in all of its operating segments. The company's global volume also increased by 3%, with particular growth in emerging markets.
In addition to its financial performance, the Coca-Cola Company also continued to invest in its brands and marketing efforts. The company introduced new products, such as Coca-Cola Life and Dasani Drops, and increased its investment in digital marketing. The company also increased its efforts to engage with consumers through social media and other digital platforms.
Overall, the Coca-Cola Company's 2013 annual report demonstrates the company's strong commitment to sustainability, financial performance, and brand innovation. The company's efforts in these areas have contributed to its continued success in the global marketplace.
Coca Cola
This benefit was primarily related to the reversal of certain valuation allowances, partially offset by amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties. The following is a summary of the Group's Principal Risks that are included in the 2021 Integrated Report and Form 20-F, however, this summary is not intended to include all risks that could ultimately impact our business and is presented in no particular order: 路 Geodemographic 路 Packaging 路 Cyber and social engineering attacks and IT infrastructure 路 Economic and political conditions 路 Market 路 Legal, regulatory and tax 路 Climate change and water 路 Perceived health impact of our beverages and ingredients, and changing consumer buying trends 路 Competitiveness, business transformation and integration 路 People and wellbeing 路 Relationships with The Coca-Cola Company and other franchisors 路 Product quality For further details about our principal risks and uncertainties please refer to pages 42 to 47 of the 2021 Integrated Report and Form 20-F. Under section 393 of the Companies Act, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the Group and of the profit or loss of the Company and of the Group for that period. On December 13, 2012, the Company and Coca-Cola FEMSA executed a share purchase agreement for the sale of a majority ownership interest in our consolidated Philippine bottling operations. Coke advertises in 200 countries around the world.
First bottle of coke was sold 120 years ago on May 8, 1886 in Atlanta, Georgia. There are 27 different varieties off coke made by Coca Cola. However, management believes that certain non-GAAP financial measures provide users with additional meaningful financial information that should be considered when assessing our ongoing performance. While economic, political and environmental conditions across various regions impacted consumer spending and overall nonalcoholic ready-to-drink NARTD beverage industry performance during the year, we grew global value share in NARTD beverages, with volume and value share gains in core sparkling and still beverages for the year, supported by the strongest portfolio of brands in the industry. The financial report of CSL presented a true and fair view of the financial position.
Subsequent to this transaction, the Company holds an investment in Andina that we account for under the equity method of accounting. The company has a history of acquisitions and still continues to do so until today. Basic net income per share and diluted net income per share are calculated based on net income attributable to shareowners of The Coca-Cola Company. Certain growth rates may not recalculate using the rounded dollar amounts provided. The reclassified historical operating segment data reflecting the change in organizational structure was disclosed in a Form 8-K filed with the U.
Excluding the impact of structural changes, comparable currency neutral operating income grew 6% for the full year, in line with our long-term growth target, and 6% for the fourth quarter. This change in organizational structure did not impact the other geographic operating segments, Bottling Investments or Corporate. Excluding the impact of the structural changes referenced above, comparable currency neutral net revenues grew 3%. The changes in fair values of these economic hedges are immediately recognized into earnings. The company is best known for its flagship product Coca-Cola, invented by pharmacist John Stith Pemberton in 1886. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
Globalization, regional development and local response. All volume percentage changes are computed based on average daily sales for the fourth quarter, unless otherwise noted, and are computed on a reported basis for the full year. The Coca-Cola formula and brand was bought in 1889 by Asa Candler who incorporated The Coca-Cola Company in 1892. The variance between the reported rate and the underlying rate was due to the tax effect of various items impacting comparability, separately disclosed in this document in the Reconciliation of GAAP and Non-GAAP Financial Measures schedule. The dollar amounts provided in financial statements used to answer the questions below were presented in millions.
I did not find any errors, irregularities, illegal acts or related-party transactions that had a material effect on the financial statements. As a result, the company demonstrates social responsibility in their location and other parts of the world. The underlying effective annual tax rate on operations in 2013 was 23. . The Coca-Cola Company had one subsequent event, on February 5, 2014 they entered into an agreement with Green Mountain Coffee Roasters, Inc. Comparable currency neutral EPS was up 7% for the quarter.
According to the paper, the financial details presented show that there were minor losses in the net returns generated by the firm on the selling of their goods in addition to the shares sold. The RAND Journal of Economics. We continue to focus on our share positions with the Europe Group maintaining volume share in NARTD beverages and gaining volume and value share in core sparkling beverages and sports drinks. For instance, the bottling partners recycle and reuse water to prevent water wastage at he places they are located. The 2021 Integrated Report and Form 20-F is available on CCEP's website at and also online at. Coca-Cola Company, at the annual meetings with the various stakeholders, outlined such issues that revolved around the core capabilities of the company.
The Company has identified incremental synergies in North America, primarily in the area of our North American product supply operations, which will better enable us to serve our customers and consumers. This document was filed in accordance with Rule 5250 d of the Nasdaq Listing Rules and includes CCEP's audited results for the year ended 31 December 2021. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Economic Nondesignated Hedges The Company uses derivatives as economic hedges to mitigate the price risk associated with the purchase of materials used in the manufacturing process as well as the purchase of vehicle fuel. Subsequent to this transaction, the Company accounts for our investment in the newly combined Brazilian bottling operations under the equity method of accounting. As of December 31, 2012, the assets and liabilities associated with our Philippine bottling operations were classified as held for sale in our consolidated balance sheets. For instance, the women empowerment at the company that is encompassed in the Employee Engagement program at Coca-Cola offers the women with skills and knowledge the opportunity to make use of their services at the company Corporate Sustainability Report Coca-Cola GB, 2017.
The Company reported solid volume growth for the full year in certain developed markets, including Germany +2% , the Northwest Europe and Nordics business unit +1% and Japan +1%. The overall NARTD industry in North America continued to be impacted by a challenging external environment. We also grew comparable currency neutral EPS 8% for the year. In Hong-Kong, heated Coke is served as a cold remedy. Besides, the company targets to manage people and money as well as time so that they can attain greater effectiveness. Our non-GAAP financial information does not represent a comprehensive basis of accounting. As a result, the Company began purchasing additional supplies of Florida orange juice at a higher cost than Brazilian orange juice.
Comparable currency neutral EPS was up 8% for the year. Subsequent to this transaction, the Company has an ownership interest in Andina that we account for under the equity method of accounting. This has resulted in the creation of the One Risk Office a forum to exchange information between all second and third line of defence teams , which helps us to manage risks and respond rapidly through established processes like incident management, business continuity plans and risk transfer mechanisms. In preparing the Company financial statements, the Directors are required to: 路 Select suitable accounting policies and apply them consistently 路 Make judgements and accounting estimates that are reasonable and prudent 路 Follow UK-adopted International Accounting Standards, International Financial Reporting Standards as adopted by the European Union and International Financial Reporting Standards as issued by the IASB 路 Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business In preparing the Group financial statements the Directors are required to: 路 Select suitable accounting policies and apply them consistently 路 State whether UK-adopted International Accounting Standards, International Financial Reporting Standards as adopted by the European Union and International 路 Financial Reporting Standards as issued by the IASB have been followed, subject to any material departures disclosed and explained in the financial statements 路 Present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information 路 Provide additional disclosures when compliance with the specific requirements in IFRS are insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity's financial performance 路 Make an assessment of the Group's ability to continue as a going concern The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act. It is produced by the Coca-Cola Company in Atlanta, Georgia- USA 1892 and is often referred to simply as Coke which is now a generalized trademark or as Cola or Pop in European and American countries. Legislation, regulation and practice in the UK governing the preparation and dissemination of financial statements may differ from legislation, regulation and practice in other jurisdictions.
