Diageo plc
LEI: 213800ZVIELEA55JMJ32
30 January 2024
Diageo plc publishes recast US dollar
financial information
As announced on 1 August 2023 with its
Preliminary Results for the financial year ended 30 June 2023, in
line with reporting requirements the functional currency of Diageo
plc has changed from sterling to US dollars starting 1 July 2023 -
with this change being applied prospectively. This is because the
group's share of net sales and expenses in the US and other
countries whose currencies correlate closely with the US dollar has
been increasing over the years, and that trend is expected to
continue in line with the group's strategic focus.
Diageo has also decided to change its
presentation currency from sterling to US dollars with effect from
1 July 2023, applied retrospectively, as it believes that this
change will provide better alignment of the reporting of
performance with its business exposures.
Unaudited recast primary financial statements
and selected unaudited recast historical consolidated financial
information of the Diageo group as of and for the years ended 30
June 2021, 30 June 2022 and 30 June 2023, which reflect the change
in the presentation currency of Diageo from sterling to US dollars
mentioned above, are set out in the document accessible via the
below URL to help the understanding of Diageo's past performance
and financial position on a re-presented basis, in US dollars. To
view the full document, please paste the following URL into the
address bar of your browser:
http://www.rns-pdf.londonstockexchange.com/rns/3832B_1-2024-1-30.pdf
Diageo's unaudited interim financial statements
as of and for the six months ended 31 December 2023 used US dollars
as the presentation currency.
..............................................................................ENDS..........................................................................
For further information, please
contact:
Investor
relations:
Durga Doraisamy
Andy Ryan
|
+44 (0) 7902 126 906
+44 (0) 7803 854 842
investor.relations@diageo.com
|
Media
relations: Clare Cavana
Isabel Batchelor
|
+44 (0) 7751 742 072
+44 (0) 7731 988 857 press@diageo.com
|
About
Diageo
Diageo is a global leader in beverage alcohol
with an outstanding collection of brands across spirits and beer
categories. These brands include Johnnie Walker, Crown Royal,
J&B and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One
vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and
Guinness.
Diageo is a global company, and our products
are sold in nearly 180 countries around the world. The company is
listed on both the London Stock Exchange (DGE) and the New York
Stock Exchange (DEO). For more information about Diageo, our
people, our brands, and performance, visit us at www.diageo.com. Visit Diageo's global
responsible drinking resource, www.DRINKiQ.com for information,
initiatives, and ways to share best practice.
Celebrating life, every day,
everywhere.
Diageo plc
LEI: 213800ZVIELEA55JMJ32