Summary
This Form 8-K filing from Carnival Corporation & plc, dated March 5, 2004, primarily concerns the presentation of unaudited pro forma financial information for fiscal years 2002 and 2003. This information gives effect to the dual listed company (DLC) transaction completed in April 2003, which established the combined corporate structure. The filing is made to comply with SEC requirements for pro forma financial reporting and is not intended to reflect the company's current operating performance but rather a hypothetical presentation of what prior periods might have looked like under the current DLC structure. A secondary but important disclosure is the termination of the P&O Princess Cruises International Limited Deed of Guarantee, effective February 27, 2004. This termination, stemming from a corporate reorganization, is noted to have no impact on the consolidated financial statements but is disclosed as per the terms of the Guarantee itself. Investors should note that the primary purpose of this filing is to provide historical pro forma data, not current operational updates.
Key Highlights
- 1Filing includes unaudited pro forma financial information for fiscal years 2003 and 2002.
- 2Pro forma information reflects the impact of the dual listed company (DLC) transaction completed on April 17, 2003.
- 3The purpose of filing the pro forma data is to comply with SEC Regulation S-X requirements.
- 4A corporate reorganization on February 27, 2004, led to the termination of the P&O Princess Cruises International Limited Deed of Guarantee.
- 5The termination of the Deed of Guarantee is stated to have no impact on Carnival Corporation & plc's consolidated financial statements.
- 6Exhibit 99.1 contains the fiscal 2003 unaudited pro forma financial information.
- 7Exhibit 99.2 contains the fiscal 2002 unaudited pro forma financial information, furnished for informational purposes only.