Summary by Moomoo AI
Coca-Cola has filed its annual 11-K report with the SEC for the fiscal year ending December 31, 2023. The report includes financial statements for the Caribbean Refrescos, Inc. Thrift Plan, which is a defined contribution pension plan for employees of Caribbean Refrescos, Inc., a subsidiary of The Coca-Cola Company. The independent audit, conducted by Banks, Finley, White & Co., concluded that the financial statements present fairly the net assets available for benefits and the changes therein for the year in accordance with U.S. GAAP. The Plan's net assets available for benefits increased from $50,366,760 in 2022 to $51,411,753 in 2023. The Plan's investments are primarily in common stock of The Coca-Cola Company and various collective trust funds. The Plan is in compliance with the Employee Retirement Income Security Act of 1974 (ERISA) and the Puerto Rico Internal Revenue Code, with the Plan's management responsible for the preparation of the financial statements. The report was signed by Sebastian Lagos, Chairperson of the Thrift Plan Committee of Caribbean Refrescos, Inc., on June 4, 2024.
