“Exceptional and other” costs turn profit into loss
UK soft drinks company Britvic classifies £138 million costs as “exceptional and other”, including £116 million impairments, that turn profit into a £28.8 million loss.
Share issue structured to create £89.3 million distributable reserve
UK soft drinks company Britvic structures a share issue to utilise merger relief under the Companies Act 2006 and creates an £89.3 million distributable reserve, bypassing the requirement for application of share premium to a non-distributable reserve.
