Coca-Cola Enterprises (CCE), the UK arm of the global soft drinks company, has reported a marginal rise in pre-tax profit in 2011 after turnover grew 5.8% to £1.77bn. Pre-tax profit was £256.2m (2010: £254.7m), according to accounts filed at Companies House. Profit after tax increased 5.9% to £217m and gross profit grew 3.4% to £641.3m. However, operating profit for the company fell 2.2% to £246.7m. Shareholders’ funds fell 12.1% to £490,693 due to payment of 2011 dividends and the adverse movements on the company’s pension scheme. Dividends of £227.1m were paid in 2011 (2010: £143m). CCE listed the principle risks for the year ahead as being an increase in the cost or limitation of supplies of raw materials and legislative or regulatory changes that affect its products, distribution or packaging. In addition, a decision by parent company The Cola-Cola Company not to renew its current fixed-term product licensing agreement “could substantially and adversely affect our financial results”. CCE, a sponsor of the 2012 Olympics, expressed optimism about the impact of the Games. “The London 2012 Olympic Games are a strong marketing asset that the directors believe will facilitate new customer programmes and increase brand awareness.”