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Consolidated Annual Report 2019 Table of Contents

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Consolidated Annual Report 2019 Table of Contents . A-0 A. BOARD OF DIRECTORS REPORT ...................................................................................................................................... A-0 KOFOLA AT A GLANCE ............................................................................................................................................... A-4 CHAIRMAN´S STATEMENT ........................................................................................................................................ A-9 KOFOLA GROUP ...................................................................................................................................................... A-11 3.1. Kofola ČeskoSlovensko .................................................................................................................................. A-11 3.2. Kofola Group ................................................................................................................................................. A-11 3.3. Group structure ............................................................................................................................................. A-12 3.4. Successes and Awards in 2019 ...................................................................................................................... A-14 BUSINESS OVERVIEW AND OTHER MATTERS ......................................................................................................... A-15 4.1. Business overview ......................................................................................................................................... A-15 4.2. Auditors remuneration.................................................................................................................................. A-26 4.3. Intellectual property and licences ................................................................................................................. A-26 4.4. Research and development and other information ...................................................................................... A-27 4.5. Technology and production and other non-current assets ........................................................................... A-27 4.6. Additions to property, plant and equipment and intangibles and their condition ....................................... A-27 4.7. Capital sources .............................................................................................................................................. A-28 4.8. Regulatory environment ............................................................................................................................... A-28 4.9. Subsequent events ........................................................................................................................................ A-28 RISK MANAGEMENT ............................................................................................................................................... A-30 5.1. Principal risks faced by the Group ................................................................................................................. A-30 5.2. Approach to market trends and development .............................................................................................. A-37 NON-FINANCIAL INFORMATION ............................................................................................................................. A-38 6.1. Non-financial information ............................................................................................................................. A-38 CORPORATE GOVERNANCE .................................................................................................................................... A-50 7.1. Shares and shareholders ............................................................................................................................... A-50 7.2. Information pursuant to Capital Markets Act section 118.5a-k .................................................................... A-51 7.3. Corporate governance code .......................................................................................................................... A-55 7.4. Statutory bodies ............................................................................................................................................ A-55 7.5. Description of diversity policy applied to governance bodies ....................................................................... A-67 7.6. Financial reporting process ........................................................................................................................... A-67 REPORT ON RELATIONS .......................................................................................................................................... A-69 8.1. Structure of relations between related parties and the description of the entities ..................................... A-69 8.2. Structure of relations and ownership interests between related entities as at 31 December 2019 ............ A-71 8.3. Role of the controlled entity in the organisational structure ........................................................................ A-71 8.4. Method and means of control ...................................................................................................................... A-71 8.5. List of acts with value exceeding 10% of equity of controlled entity ............................................................ A-72 8.6. List of mutual contracts between controlled entity and controlling entity or between controlled entities . A-72 8.7. Assessment of whether the controlled entity suffered a loss and of its settlement ..................................... A-75 8.8. Assessment of advantages and disadvantages arising from relations between related entities .................. A-76 STATUTORY DECLARATION ..................................................................................................................................... A-77 INDEPENDENT AUDITOR´S REPORT ........................................................................................................................ A-78 A-1 Consolidated annual report 2019 Table of contents B. CONSOLIDATED FINANCIAL STATEMENTS ...................................................................................................................... B-0 CONSOLIDATED FINANCIAL STATEMENTS ................................................................................................................ B-1 1.1. Consolidated statement of profit or loss ........................................................................................................ B-1 1.2. Consolidated statement of other comprehensive income .............................................................................. B-2 1.3. Consolidated statement of financial position ................................................................................................. B-3 1.4. Consolidated statement of cash flows ............................................................................................................ B-4 1.5. Consolidated statement of changes in equity ................................................................................................. B-5 GENERAL INFORMATION .......................................................................................................................................... B-7 2.1. Corporate information .................................................................................................................................... B-7 2.2. Group structure ............................................................................................................................................... B-8 SIGNIFICANT ACCOUNTING POLICIES ....................................................................................................................... B-9 3.1. Statement of compliance and basis of preparation ........................................................................................ B-9 3.2. Functional and presentation currency ............................................................................................................ B-9 3.3. Foreign currency translation ........................................................................................................................... B-9 3.4. Consolidation methods ................................................................................................................................. B-11 3.5. Accounting methods ..................................................................................................................................... B-13 3.6. New and amended standards adopted by the Group ................................................................................... B-22 3.7. Significant estimates and key management judgements .............................................................................. B-24 3.8. Standards issued but not yet effective .......................................................................................................... B-24 3.9. Approval of consolidated financial statements ............................................................................................. B-24 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ...................................................................................... B-25 4.1. Segment information
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