Coca-Cola HBC AG (LSE:CCH) Annual Report 2021



The latest annual report of Coca-Cola HBC AG (CCH) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - CCH Annual Results

Amounts in EUR

Total Revenue
7.17B
Gross Profit
2.6B
EBIT
800.4M
Net Tangible Assets
1.07B
Net Income
547.2M
Capital Expenditures
-506.5M

CCH Income Statement 2021 Annual Report

As per the latest Income Statement of CCH, the Net revenue increased by €1.0366B (17%) compared to the previous period. The operating income in 2021 increased by €151.30M (23%). The net income as per the annual report was 547.2M which increased by €132.30M (32%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 7.17B 6.13B
Gross Profit 2.6B 2.32B
Operating Income 800.4M 649.1M
Income Before Tax 734.9M 593.9M
Net Income 547.2M 414.9M

Balance Sheet - CCH 2021 Annual Report

Read further: CCH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Coca-Cola HBC AG showed the company reduced the cash on balance sheet by €-433.00M (-36%). The Net tangible assets of CCH on the balance sheet were at 1.07B which is €426.60M (66%) more than previous annual report. The total stockholder equity also increased by €483.80M (18%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 782.8M 1.22B
Total Assets 8.51B 7.57B
Long Term Debt 2.45B 2.48B
Total Liabilities 5.4B 4.94B
Total Shareholder Equity 3.11B 2.63B
Net Tangible Assets 1.07B 644.6M

Cash Flow Statement - CCH 2021 Annual Report

The 2021 annual cash flow statement of Coca-Cola HBC AG showed that the net income increased by €132.30M (32%) compared to previous reporting period. Also the capital expenditure of CCH decreased by €-87.30M (-21%).

As of 2021, the total cash from investing activities was -1.26B and total cash from financing activities was -322.4M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 547.2M 414.9M
Capital Expenditures -506.5M -419.2M
Dividends Paid -233.6M -225.7M
Total Cash From From Investing Activities -1.26B 239.1M
Total Cash From From Financing Activities -322.4M -786.8M

Coca-Cola HBC AG Annual Report History

Income Statement

Income Statement history of Coca-Cola HBC AG (LSE:CCH)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 7.17B 6.13B 7.03B 6.66B
Cost Of Revenue 4.57B 3.81B 4.38B 4.14B
Gross Profit 2.6B 2.32B 2.65B 2.52B
Research Development - - - -
Selling General Administrative 1.8B 1.67B 1.89B 1.84B
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 6.37B 5.48B 6.27B 5.98B
Operating Income 800.4M 649.1M 756.3M 672.2M
Total Other Income Expense Net -65.5M -55.2M -95.1M -61.3M
Ebit 800.4M 649.1M 756.3M 672.2M
Interest Expense -67.1M -71.8M -71.3M -46.5M
Income Before Tax 734.9M 593.9M 661.2M 610.9M
Income Tax Expense 187.4M 178.9M 173.2M 162.8M
Minority Interest 2.6M 2.6M 2.7M 5.3M
Net Income From Continuing Ops 547.5M 415M 488M 448.1M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 547.2M 414.9M 487.5M 447.4M
Net Income Applicable To Common Shares 547.2M 414.9M 487.5M 447.4M

Balance Sheet Statement

Balance Sheet Statement history of Coca-Cola HBC AG (LSE:CCH)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 782.8M 1.22B 823M 712.3M
Short Term Investments 196.1M 92.9M 357.3M 243.9M
Net Receivables 910.7M 725.9M 972.5M 909.5M
Inventory 519.8M 417.6M 488.1M 463.2M
Other Current Assets 39.3M 13.5M 2.9M 8.5M
Total Current Assets 3.16B 2.53B 3.08B 2.44B
Long Term Investments 373.4M 325M 153.1M 103.7M
Property Plant Equipment 2.83B 2.62B 2.74B 2.39B
Good Will 1.76B 1.7B 1.77B 1.62B
Intangible Assets 284M 281.9M 331.7M 203.5M
Other Assets 109.8M 118.3M 137M 95M
Deferred Long Term Asset Charges 31M 35.1M 64.5M 47.4M
Total Assets 8.51B 7.57B 8.21B 6.85B
Accounts Payable 1B 868.4M 896.7M 836.3M
Short Long Term Debt 58.1M 29.8M 583.2M 4M
Other Current Liab 266.6M 218.6M 295.6M 396.4M
Long Term Debt 2.45B 2.48B 2.41B 1.41B
Other Liab 325.1M 303.3M 283.7M 251.3M
Minority Interest 2.6M 2.6M 2.7M 5.3M
Total Current Liabilities 2.52B 2.03B 2.67B 2.02B
Total Liab 5.4B 4.94B 5.51B 3.74B
Common Stock 2.02B 2.01B 2.01B 2.02B
Retained Earnings 5.65B 5.09B 4.68B 4.21B
Treasury Stock -7.65B -7.8B -7.54B -7.67B
Capital Surplus 3.1B 3.32B 3.55B 4.55B
Other Stockholder Equity -7.51B -7.64B -7.37B -7.48B
Total Stockholder Equity 3.11B 2.63B 2.7B 3.11B
Net Tangible Assets 1.07B 644.6M 592.1M 1.29B

Cash Flow Statement

Cash Flow Statement history of Coca-Cola HBC AG (LSE:CCH)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 547.2M 414.9M 487.5M 447.4M
Depreciation 331.3M 373.4M 375.5M 305.6M
Change To Netincome 67.9M 64.9M 30M 89.1M
Change To Account Receivables -109M 178.5M -18M -23.3M
Change To Liabilities 419.3M -79.6M 37M 40.2M
Change To Inventory -114.5M 9.4M 14.2M -62.4M
Total Cash From Operating Activities 1.14B 961.5M 926.2M 796.6M
Capital Expenditures -506.5M -419.2M -473.2M -437.2M
Investments -781.6M 647.2M -484.3M -115.7M
Other Cashflows From Investing Activities -1.2M -2.3M 5.9M 7.8M
Total Cashflows From Investing Activities -1.26B 239.1M -1.05B -528.1M
Dividends Paid -233.6M -225.7M -200.1M -198.8M
Net Borrowings -67.6M -502.7M 1.42B -24.9M
Other Cashflows From Financing Activities -40.8M -66M -90.2M -39.4M
Total Cash From Financing Activities -322.4M -786.8M 227.6M -274.8M
Effect Of Exchange Rate 6.3M -21M 5.8M -4.9M
Change In Cash -433M 379.7M 110.7M -11.2M
Issuance Of Stock 19.6M 7.6M 21.4M 16.1M