Amcor Announces Change in Reporting Currency
Amcor announces the reporting currency for the Amcor group will change from Australian dollars to US dollars, commencing with the 2014-15 financial year.
This change will reduce the impact of movements in exchange rates on reported results and provide shareholders with a more accurate reflection of the company’s underlying performance, given Australian dollar denominated sales represent less than 5 percent of sales for the group.
Dividends will be declared in US dollars, however shareholders will continue to receive dividends in Australian dollars. The relevant exchange rate will be announced at the time the dividend is declared.
Results for the Flexibles segment will continue to be presented and discussed in Euro’s, with US dollar results reported alongside.
The first reported results in US dollars will be for the six months ended Dec. 31, 2014.
Amcor
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