TIDMCCEP
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
and also online at 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 .
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.
APPIX 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.
APPIX 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.
APPIX 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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