TIDMCCEP
RNS Number : 1167S
Coca-Cola European Partners plc
12 March 2021
COCA-COLA EUROPEAN PARTNERS PLC FILES INTEGRATED REPORT AND FORM
20-F
LONDON, 12 March 2021 - Coca-Cola European Partners plc ("CCEP")
(ticker symbol CCEP) announces that, on 12 March 2021, it filed its
2020 Integrated Report and Form 20-F with the Securities and
Exchange Commission. This document was filed in accordance with
Section 203.01 of the New York Stock Exchange Listed Company Manual
and includes CCEP's audited results for the year ended 31 December
2020. The unaudited fourth-quarter and full year results for the
period ended 31 December 2020 were released on 11 February
2021.
The 2020 Integrated Report and Form 20-F is available on CCEP's
website at
https://ir.cocacolaep.com/financial-reports-and-results/integrated-reports
and also online at www.sec.gov .
A copy of the 2020 Integrated Report and Form 20-F will be
available shortly at
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 2020 Integrated Report
and Form 20-F. References to notes to the financial statements
refer to notes in the 2020 Integrated Report and Form 20-F. This
announcement should be read with, and is not a substitute for
reading, the full 2020 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 European Partners plc is a leading consumer goods
company in Western Europe, making, selling & distributing an
extensive range of non-alcoholic ready to drink beverages & is
the world's largest Coca-Cola bottler based on revenue. Coca-Cola
European Partners serves a consumer population of over 300 million
across Western Europe, including Andorra, Belgium, continental
France, Germany, Great Britain, Iceland, Luxembourg, Monaco, the
Netherlands, Norway, Portugal, Spain & Sweden. The Company is
listed on Euronext Amsterdam, the New York Stock Exchange, London
Stock Exchange & 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.
APPIX A - PRINCIPAL RISKS AND UNCERTAINTIES
Our approach to risk
Our decisions are informed by an understanding of the risks we
face as a business. Through our enterprise wide risk management
programme, we identify, measure and manage risk, and embed a strong
risk culture across our business.
CCEP's risk management framework looks at both risks we face and
how we capitalise on opportunities we have.
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,
which helps us to manage risks and respond rapidly through
established processes like incident management, business continuity
plans and risk transfer mechanisms.
During the COVID-19 pandemic, the framework allowed us to
respond rapidly to a fast changing environment. As a result, we
were able to capture learnings and developed a comprehensive
pandemic handbook that allowed us to respond well to the second
wave and ensure that the impacts from COVID-19 were minimised. We
are leveraging learnings from the current situation to further
strengthen our risk management framework and prepare ourselves even
better for future challenges.
The risk and internal control systems have continually improved
since CCEP was created and are developed to address the changing
risk environment and to adopt best practice in how to manage
them.
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 2020 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:
-- Business continuity and resilience
-- Packaging
-- Cyber and social engineering attacks and IT infrastructure
-- Economic and political conditions
-- Market
-- Legal, regulatory and tax change
-- 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 44 to 50 of the 2020 Integrated Report and
Form 20-F.
APPIX B - RELATED PARTY TRANSACTIONS
Details regarding related party transactions can be found in
Note 19 of the Notes to the Consolidated Financial Statements on
pages 160 to 162 of the 2020 Integrated Report and Form 20-F.
APPIX C - DIRECTORS' RESPONSIBILITIES STATEMENT
(page 111 of the 2020 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 international accounting standards, in conformity
with the Companies Act 2006 (Companies Act). They have elected to
prepare the parent company financial statements in accordance with
International Financial Reporting Standards (IFRS) in conformity
with the Companies Act. Under the Disclosure Guidance and
Transparency Rules, group financial statements are required to be
prepared in accordance with IFRS adopted pursuant to Regulation
(EC) No 1606/2002 as it applies in the European Union.
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 applicable international accounting standards in
conformity with the requirements of the Companies Act (except where
any departures from this requirement are explained in the notes to
the company financial statements)
-- 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 international accounting standards in
conformity with the requirements of the Companies Act (and IFRS
adopted pursuant to Regulation (EC) No 1606/2002 as it applies in
the European Union) 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
66-70, confirm that to the best of their knowledge:
-- The consolidated financial statements, prepared in accordance
with international accounting standards in conformity with the
requirements of the Companies Act (and IFRS adopted pursuant to
Regulation(EC) No 1606/2002 as it applies in the European Union)
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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END
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