Investor Presentaiton
ACCOUNTING FOR SOFT DRINKS LEVIES AND IFRS15
THE LEVY
Levy will apply from April 2018 in GB & Ireland
Paid to HMRC quarterly in arrears in the UK
Net revenue will increase to reflect levy charged
on to customers
Cost of goods will increase to reflect levy paid
As a result:
•
ARP will increase, COGS will increase
•
Brand margin % and EBITA margin % will be lower
IFRS 15
IFRS15 - revenue from contracts with customers is being
adopted
The primary impact for Britvic on implementing IFRS15 will
be a restatement of revenue, brand contribution and fixed
costs with nil impact on profit
We will restate 2017 financials under the new framework to
improve transparency in 2018
A full restatement of business units and group financials will
available on www.britvic.com in a few weeks
BRITVIČ
Britvic plc Investor Presentation 2018
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