Diageo PLC Files 2024 Annual Report

Ticker: DGEAF · Form: 20-F · Filed: Aug 1, 2024 · CIK: 835403

Diageo PLC 20-F Filing Summary
FieldDetail
CompanyDiageo PLC (DGEAF)
Form Type20-F
Filed DateAug 1, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$700 million, $20,269m, $6,001m, $20,555m, $5,547m
Sentimentneutral

Sentiment: neutral

Topics: annual-report, 20-F, financials

TL;DR

Diageo's 2024 20-F is in, check the financials for the year ending June 30.

AI Summary

Diageo PLC filed its annual 20-F report for the fiscal year ending June 30, 2024. The filing details the company's financial performance and operations, including its incorporation in X0 and its principal executive offices located at 16 Great Marlborough Street, London. The report covers financial data for the fiscal years 2021, 2022, 2023, and 2024, providing a comprehensive overview of the company's financial position.

Why It Matters

This 20-F filing provides investors and analysts with a detailed look at Diageo's financial health and strategic positioning for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual filing for a large, established public company, providing routine financial disclosures.

Key Numbers

Key Players & Entities

FAQ

What is Diageo PLC's primary business sector?

Diageo PLC operates in the BEVERAGES sector, with a Standard Industrial Classification code of 2080.

When did Diageo PLC change its name from Grand Metropolitan Public Limited Co?

Diageo PLC changed its name from Grand Metropolitan Public Limited Co on December 18, 1997.

What is the SEC file number for Diageo PLC?

The SEC file number for Diageo PLC is 001-10691.

What is the fiscal year end for Diageo PLC?

Diageo PLC's fiscal year ends on June 30 (0630).

Where are Diageo PLC's principal executive offices located?

Diageo PLC's principal executive offices are located at 16 Great Marlborough Street, London, W1F 7HS.

Filing Stats: 4,436 words · 18 min read · ~15 pages · Grade level 11.9 · Accepted 2024-08-01 07:01:13

Key Financial Figures

Filing Documents

Risk factors

Risk factors 145 Non-financial and sustainability information statement 148 Governance 148 Letter from the Chairman 153 Corporate Governance Structure 154 Board of Directors 156 Executive Committee 178 Audit Committee report 188 Nomination Committee report 192 Directors' remuneration report 225 Directors' report Contents 3 230

Financial statements

Financial statements 230 Report of Independent Registered Public Accounting Firm - PCAOB ID 876 233 Consolidated income statement 234 Consolidated statement of comprehensive income 235 Consolidated balance sheet 236 Consolidated statement of changes in equity 237 Consolidated statement of cash flows 238 Notes to the consolidated financial statements 238 Accounting information and policies 241 Results for the year 260 Operating assets and liabilities 284 Risk management and capital structure 303 Other financial statements disclosure 311 Unaudited financial information 322 Reporting boundaries and methodology 344 Additional disclosures 351 Additional information for shareholders 353 Exhibits 355 Signature 356 Glossary of terms and US equivalents Contents (continued) 4 Item Required item in Form 20-F Page(s) Part I 1. Identity of directors, senior management and advisers Not applicable 2. Offer statistics and expected timetable Not applicable 3. Key information A. [Reserved] — B. Capitalisation and indebtedness Not applicable C. Reason for the offer and use of proceeds Not applicable D. Risk factors 134-144 4. Information on the company A. History and development of the company 7-8, 17, 64-65, 93-94, 158-159, 225, 260-264, 344-345, 351 B. Business overview 7-8, 17, 20-24, 48-59, 61-62, 75-76, 80-89, 91-92, 102-103, 114-119, 135-139, 144, 158-159, 241-245, 264-271, 344-346 C. Organisational structure 309 D. Property, plant and equipment 49, 76, 269-272, 344-345 4A. Unresolved staff comments Not applicable 5. Operating and financial review and prospects A. Operating results 17, 20-22, 38-40, 43-96, 132-135, 137-138, 141-142, 238-250, 252-253, 311-312 B. Liquidity and capital resources 38-40, 46-47, 68-73, 79, 281-294, 316-317 C. Research and development, patents and licenses, etc. 250, 345 D. Trend informa

Quantitative and qualitative disclosures about market risk

Quantitative and qualitative disclosures about market risk 284-294 12.

Description of securities other than equity securities

Description of securities other than equity securities A. Debt securities Not applicable B. Warrants and rights Not applicable C. Other securities Not applicable D. American depositary shares 226-227, 347-350 Part II 13. Defaults, dividend arrearages and delinquencies Not applicable 14. Material modifications to the rights of security holders and use of proceeds Not applicable 15.

Controls and procedures

Controls and procedures A. Disclosure controls and procedures 177 B. Management's report on internal control over financial reporting 185 C. Attestation report of the registered public accounting firm 230-232 D. Changes in internal control over financial reporting 185 16A. Audit committee financial expert 183 16B. Code of ethics 159, 183 16C. Principal accountant fees and services 180-182, 251 16D. Exemptions from the listing standards for audit committees Not applicable 16E. Purchases of equity securities by the issuer and affiliated purchasers 236, 297-302 16F. Change in registrant's certifying accountant Not applicable 16G. Corporate governance 158-164, 173-190 16H. Mine safety disclosure Not applicable 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections Not applicable 16J. Insider trading policies 183 16K. Cybersecurity 187 Part III 17.

Financial statements

Financial statements Not applicable 18.

Financial statements

Financial statements 230-310 19. Exhibits 353-354 Additional information Glossary of terms and US equivalents 356-357 Cross reference to Form 20-F (continued) 6 Diageo is a global leader in the beverage alcohol industry with an outstanding collection of brands across spirits and beer. Its products are sold in nearly 180 countries around the world and its brands include Johnnie Walker, Crown Royal, JB and Buchanan's whiskies, Smirnoff, Croc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Casamigos, Tanqueray and Guinness. Diageo's Performance Ambition is to be one of the best performing, most trusted and respected consumer products companies in the world. Diageo plc is incorporated as a public limited company in England and Wales. The company which is now Diageo plc was incorporated as Arthur Guinness Son and Company Limited on 21 October 1886. The Diageo group was formed by the merger of the Grand Metropolitan Public Limited Company and Guinness plc groups in December 1997. Diageo plc's principal executive office is located at 16 Great Marlborough Street, London W1F 7HS, England and its telephone number is + 44 (0) 20 7947 9100. Diageo plc's agent for service in the United States for the purposes of Diageo's registration statement on Form F-3 (333- 269929 ) is General Counsel, Diageo North America, Inc., 175 Greenwich Street, 3 World Trade Center, New York, NY 10007. This is the Annual Report on Form 20-F of Diageo plc for the year ended 30 June 2024 . The information set out in this Form 20-F does not constitute Diageo plc's statutory accounts under the UK Companies Act for the years ended 30 June 2024 , 30 June 2023 and/ or 30 June 2022 . The accounts for the years ended 30 June 2023 and 30 June 2022 have been delivered to the registrar of companies for England and Wales and those for the year ended 30 June 2024 will be delivered to the registrar of companies for England and Wales in due course . This document contains

View Full Filing

View this 20-F filing on SEC EDGAR

View on Read The Filing