Coca-Cola Company

Introduction

Coca-Cola is an proprietor and marketer of nonalcoholic beverage brands as well as a manufacturer, vendor and marketer of concentrates and syrups used to make nonalcoholic beverages. Co. owns or permits and markets over 500 nonalcoholic beverage brands, mainly sparkling beverages encompassing Diet Coke, Fanta and Sprite, as well as still beverages such as waters, enhanced waters, juices and juice extract drinks, ready-to-drink teas and coffees, and power and sports drinks. Co. also manufactures, or authorizes bottling partners to construct, fountain syrups, which Co. sells to fountain retailers such as restaurants and convenience stores, or to fountain wholesalers or bottlers.

Financial Statements

As Reported Annual earnings Statement

Report Date

12/31/2008

9/30/2009

9/30/2010

Currency

LKR

LKR

LKR

Audit Status

Not Qualified

Not Qualified

Not Qualified

Consolidated

Yes

Yes

Yes

Scale

Thousands

Thousands

Thousands

Turnover

1,394,140

1,405,912

712,825

Operating profit (loss)

(112,321)

172,122

(162,217)

Other income

255

-

-

Interest payable

71,999

64,349

62,497

Profit (loss) on ordinary activities bef tax

(184,065)

107,889

(224,714)

Taxation

2,026

797

(15,848)

Profit from commonplace activities after tax

(186,091)

108,686

(208,866)

Extraordinary items after taxation

-

(5,984)

(112,735)

Minority interest

(20)

20

(10)

Profit (loss) for the year

(186,071)

102,682

(321,591)

Year end ordinary shares outstanding

75,627.4

75,627

75,627

Earnings per share

(2.47)

1.44

(2.76)

As described Annual Balance Sheet

 

 

 

Report Date

12/31/2008

9/30/2009

9/30/2010

Currency

LKR

LKR

LKR

Audit Status

Not Qualified

Not Qualified

Not Qualified

Consolidated

Yes

Yes

Yes

Scale

Thousands

Thousands

Thousands

Property, vegetation & gear, gross

895,194

1,428,261

1,319,530

Less: Accumulated depreciation

19,156

499,513

421,996

Property, vegetation & gear, net

876,038

928,748

897,534

Long term investments

17

17

17

Total fixed assets

876,055

928,765

897,551

Project expenses

-

5,092

5,337

Deferred expenditure

15,599

27,063

1,177

Total non current assets

15,599

32,155

6,514

Total long-term & non-current assets

891,654

960,920

904,065

Raw components & wrapping materials

131,229

127,710

108,163

Finished goods

33,938

34,546

11,847

Spares & consumables

63,280

79,116

70,741

Goods in transit

-

2,163

-

Inventories

228,447

243,535

190,751

Bottles & cases in stock

-

319,620

787,710

Bottles & cases

287,410

-

-

Receivables

221,410

226,737

211,142

A C T recoverable

-

2,132

2,132

Amounts due from subsidiaries/related company

1,467

455

2,549

Bank balances & cash

6,187

3,445

9,954

Total current assets

744,921

795,924

1,204,238

Creditors

-

124,585

78,942

Payables

100,385

-

-

Deposits on bottles & cases in circulation

88,619

125,697

562,660

Amounts due to holding/related companies

55,885

106,549

47,149

Loans payable inside one year

364,876

320,051

392,125

Taxation payable

-

106

903

Director's loans

-

-

1

Bank overdraft

127,138

4,902

69,301

Total current liabilities

736,903

681,890

1,151,081

Net current assets (liabilities)

8,018

114,034

53,157

Total assets less present liabilities

899,672

1,074,954

957,222

Deferred liabilities

72,182

61,350

46,320

Net assets

827,490

1,013,604

910,902

Share capital

756,274

756,274

756,274

Share premium

453,764

453,764

453,764

Capital reserves

13,644

13,875

13,875

General reserves

77,865

78,565

78,565

Profit & loss account

(474,057)

(288,894)

(391,576)

Shareholders funds

827,490

1,013,584

910,902

Minority interest

-

20

-

Total shareholders funds

827,490

1,013,604

910,902

Analysis

Profitability Ratios

12/31/2010

9/30/2009

9/30/2008

ROA % (Net)

(8.76)

5.31

(15.41)

ROE % (Net)

(16.14)

10.67

(30.01)

ROI % (Operating)

(7.1)

13.06

(12.54)

Calculated Tax Rate %

EBT<0

0.74

EBT<0

 

 

 

 

Liquidity Ratios

12/31/2010

9/30/2009

9/30/2008

Quick Ratio

-

0.01

0.01

Current Ratio

1.01

1.17

1.05

Net present Assets % TA

0.49

6.49

2.52

 

 

 

 

Debt Management

12/31/2010

9/30/2009

9/30/2008

Total Debt to Equity

0.44

0.32

0.43

Interest Coverage

-

2.67

-

 

 

 

 

Asset Management

12/31/2010

9/30/2009

9/30/2008

Total Asset Turnover

0.66

0.73

0.34

Receivables Turnover

-

659.43

334.35

Inventory Turnover

4.72

6.47

3.74

Accounts Payable Turnover

8.68

10.12

3.85

Property vegetation & Equip Turnover

1.23

1.54

0.8

Cash & Equivalents Turnover

231.2

209.85

66.2

 

 

 

 

Per Share

12/31/2010

9/30/2009

9/30/2008

Book Value per Share

10.94

13.4

12.04

Income Statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/31/2010

9/30/2009

Variance

 

Compound Annual Growth Rate

 

Item

LKR

LKR

LKR

%

3 Year

5 Year

Revenues

1,394,140,000

1,405,912,000

(11,772,000)

(0.84)

0.25

0

Taxation

2,026,000

797,000

1,229,000

154.2

-

(0.17)

Net Income

(186,071,000)

102,682,000

(288,753,000)

(281.21)

(0.17)

0.57

EPS Net Basic

(2.47)

1.44

(3.91)

(271.53)

(0.04)

0.02

Revenues

Aggregate income identified throughout the time span (derived from items traded, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also encompasses buying into and concern earnings, and sales and trading gains. Coca-Cola Co.'s incomes increased from 2007 to 2008 but then somewhat turned down from 2008 to 2009.

 

Operating earnings (loss)

The snare outcome for the time span of deducting operating costs from operating revenues. Coca-Cola Co.'s operating earnings (loss) increased from 2007 to 2008 but then somewhat turned down from 2008 to 2009.

 

Income (loss) from extending operations

This comprises the earnings or decrease from extending operations attributable to the financial entity which ...