REG - Coca-Cola EP PLC - Annual Financial Report

Coca-Cola Europacific PartnersAnnouncement

15/03/2022 18:15

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RNS Number : 8692E  Coca-Cola Europacific Partners plc  15 March 2022

COCA-COLA EUROPACIFIC PARTNERS PLC FILES INTEGRATED REPORT AND FORM 20-F

LONDON, 15 March 2022 - Coca-Cola Europacific Partners plc ("CCEP") (ticker
symbol CCEP) announces that, on 15 March 2022, it filed its 2021 Integrated
Report and Form 20-F with the Securities and Exchange Commission. 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. The
unaudited fourth-quarter and full year results for the period ended
31 December 2021 were released on 16 February 2022.

The 2021 Integrated Report and Form 20-F is available on CCEP's website at
https://ir.cocacolaep.com/financial-reports-and-results/integrated-reports
(https://ir.cocacolaep.com/financial-reports-and-results/integrated-reports/)
and also online at www.sec.gov (http://www.sec.gov) .

A copy of the 2021 Integrated Report and Form 20-F will be available shortly
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

Pursuant to Disclosure Guidance and Transparency Rule 6.3.5R, a summary of the
principal risks and uncertainties, information regarding related party
transactions and a responsibility statement are set out in the Appendices.
Page references included in this announcement refer to page numbers in the
2021 Integrated Report and Form 20-F. References to notes to the financial
statements refer to notes in the 2021 Integrated Report and Form 20-F. This
announcement should be read with, and is not a substitute for reading, the
full 2021 Integrated Report and Form 20-F.

CONTACTS

 Company Secretariat  Investor Relations  Media Relations

 Clare Wardle         Sarah Willett       Shanna Wendt

 T +44 20 7355 8406   +44 7970 145 218    T +44 7976 595 168

 

ABOUT CCEP

Coca-Cola Europacific Partners is one of the world's leading consumer goods
companies. We make, move and sell some of the world's most loved brands -
serving 600 million consumers and helping 1.75 million customers across 29
countries grow. We combine the strength and scale of a large, multi-national
business with an expert, local knowledge of the customers we serve and
communities we support. The Company is currently listed on Euronext Amsterdam,
the NASDAQ Global Select Market, London Stock Exchange and on the Spanish
Stock Exchanges, trading under the symbol CCEP.

For more information about CCEP, please visit www.cocacolaep.com & follow
CCEP on Twitter at @CocaColaEP.

 

 

APPENDIX A - PRINCIPAL RISKS AND UNCERTAINTIES

Our approach to risk

The Board has overall responsibility for risk management at CCEP. The Board is
closely involved in identifying risks and the strategic response to them, and
monitoring management actions to achieve its strategic objectives.

To support this, risk management is firmly embedded within our everyday
business activities and culture. We identify and assess risk with appropriate
risk management strategies, implemented at various levels of our business.
CCEP's enterprise risk management framework looks at risks we face and how we
can capitalise on opportunities.

Since the creation of CCEP, we have continually matured our risk management
capabilities through seamless collaboration across the business. 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.

During the ongoing COVID-19 pandemic, the risk framework has allowed us to
respond rapidly to a continuously changing environment. We leverage our
learnings to strengthen our risk management framework and better prepare for
future challenges.

Measuring and managing risk

The Directors have carried out a robust assessment of these principal risks.

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:

·      Geodemographic

·      Packaging

·      Cyber and social engineering attacks and IT infrastructure

·      Economic and political conditions

·      Market

·      Legal, regulatory and tax

·      Climate change and water

·      Perceived health impact of our beverages and ingredients, and
changing consumer buying trends

·      Competitiveness, business transformation and integration

·      People and wellbeing

·      Relationships with The Coca-Cola Company and other franchisors

·      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.

APPENDIX B - RELATED PARTY TRANSACTIONS

Details regarding related party transactions can be found in Note 20 of the
Notes to the Consolidated Financial Statements on pages 164 to 166 of the 2021
Integrated Report and Form 20-F.

APPENDIX C - DIRECTORS' RESPONSIBILITIES STATEMENT

(page 111 of the 2021 Integrated Report and Form 20-F)

Responsibility for preparing financial statements

The Directors are responsible for preparing the Integrated Report and the
financial statements in accordance with applicable United Kingdom (UK) law and
regulations.

UK company law requires the Directors to prepare financial statements for each
financial year. Under that law, the Directors have prepared Group and Parent
Company financial statements in accordance with UK-adopted International
Accounting Standards. In preparing the consolidated Group financial statements
the Directors have also elected to comply with International Financial
Reporting Standards (IFRS) as adopted by the European Union and International
Financial Reporting Standards as issued by the International Accounting
Standards Board (IASB).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.

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.

In preparing the Company financial statements, the Directors are required to:

·      Select suitable accounting policies and apply them consistently

·      Make judgements and accounting estimates that are reasonable and
prudent

·      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

·      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:

·      Select suitable accounting policies and apply them consistently

·      State whether 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 have been
followed, subject to any material departures disclosed and explained in the
financial statements

·      Present information, including accounting policies, in a manner
that provides relevant, reliable, comparable and understandable information

·      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

·      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. They are responsible for safeguarding the assets of the Company and hence
for taking reasonable steps for the prevention and detection of fraud and
other irregularities.

They are also responsible for the maintenance and integrity of the corporate
and financial information included on the Company's website. 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.

Responsibility statement

The Directors, whose names and functions are set out on pages 67-71, confirm
that to the best of their knowledge:

·      The consolidated financial statements, prepared in accordance
with 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, give a true and fair view
of the assets, liabilities, financial position and profit or loss of the
Company and the undertakings included in the consolidation taken as a whole

·      The management report includes a fair review of the development
and performance of the business and the position of the Company and the
undertakings included in the consolidation taken as a whole, together with a
description of the principal risks and uncertainties they face

·      The Integrated Report and financial statements, taken as a whole,
are fair, balanced and understandable and provide the information necessary
for shareholders to assess the Company's position and performance, business
model and strategy

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