REG - Diageo PLC - Diageo plc publishes recast USD financials

DiageoAnnouncement

30/01/2024 12:00

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RNS Number : 3832B  Diageo PLC  30 January 2024

Diageo plc

LEI: 213800ZVIELEA55JMJ32

30 January 2024

Diageo plc publishes recast US dollar financial information

As announced on 1 August 2023 with its Preliminary Results for the financial
year ended 30 June 2023, in line with reporting requirements the functional
currency of Diageo plc has changed from sterling to US dollars starting 1 July
2023 - with this change being applied prospectively. This is because the
group's share of net sales and expenses in the US and other countries whose
currencies correlate closely with the US dollar has been increasing over the
years, and that trend is expected to continue in line with the group's
strategic focus.

Diageo has also decided to change its presentation currency from sterling to
US dollars with effect from 1 July 2023, applied retrospectively, as it
believes that this change will provide better alignment of the reporting of
performance with its business exposures.

Unaudited recast primary financial statements and selected unaudited recast
historical consolidated financial information of the Diageo group as of and
for the years ended 30 June 2021, 30 June 2022 and 30 June 2023, which reflect
the change in the presentation currency of Diageo from sterling to US dollars
mentioned above, are set out in the document accessible via the below URL to
help the understanding of Diageo's past performance and financial position on
a re-presented basis, in US dollars. To view the full document, please paste
the following URL into the address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/3832B_1-2024-1-30.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3832B_1-2024-1-30.pdf)

Diageo's unaudited interim financial statements as of and for the six months
ended 31 December 2023 used US dollars as the presentation currency.

 

..............................................................................ENDS..........................................................................

For further information, please contact:

 Investor relations:   +44 (0) 7902 126 906

Durga Doraisamy
+44 (0) 7803 854 842

Andy Ryan            investor.relations@diageo.com
 Media relations:      +44 (0) 7751 742 072
 Clare Cavana
+44 (0) 7731 988 857

Isabel Batchelor     press@diageo.com

 

 

 

About Diageo

Diageo is a global leader in beverage alcohol with an outstanding collection
of brands across spirits and beer categories. These brands include Johnnie
Walker, Crown Royal, J&B and Buchanan's whiskies, Smirnoff, Cîroc and
Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is a global company, and our products are sold in nearly 180 countries
around the world. The company is listed on both the London Stock Exchange
(DGE) and the New York Stock Exchange (DEO). For more information about
Diageo, our people, our brands, and performance, visit us at www.diageo.com
(http://www.diageo.com) . Visit Diageo's global responsible drinking resource,
www.DRINKiQ.com (http://www.DRINKiQ.com) for information, initiatives, and
ways to share best practice.

Celebrating life, every day, everywhere.

Diageo plc

LEI: 213800ZVIELEA55JMJ32

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