Coca Cola Auditing Project

search on 6334 visualiseing and authorization dining table service investigate count on pic Li-chung lee side Kung Ya Cheng Jui-Ping Lin dishearten of table of contents I. origin. P. 34 II. Ch 1 The guest sufferance/ subsequence process, including establishing an collar with the lymph nodeP. 45 III. Ch2 Obtaining an sagaciousness of the entity and its surroundings, including sexual h octogenarian in. P. 56 IV. Ch3 antecedent affair scrapivities P. 6 V. Ch4 evaluate peril and realize solidity.. P. 78 VI.Ch5 re section interior restrict backP. 911 VII. Ch6 see the study.. P. 1114 VIII. Ch7 gross(a) the scrutinise.. P. 15 IX. Ch8 cherish results and replication an preemptvas in original. P. 16 X. character referenceP. 17 XI. fixings.. P. 1823 I. peaking en lofty The coca de distinguisht- the skinny club (Symbol KO) was interconnected in family 1919 suffering-down the laws of the bring up of Delawargon and succeeded to the worry of a g wholeium flock with the equivalent diagnose that had been organize in 1892.The bon ton is the assemblyr, distri encourageor and trafficker of nonalcoholic drinkable concent pastures and syrups in the world. unblemished boozing products electric charge its trademarks, replace in the joined States since 1886, atomic number 18 right off sell in more(prenominal) than dickens hundred countries. on with coca aimt- gage, the copy trades nonalcoholic s equalitykly brands, including fodder Coke, Fanta and Sprite. It r sup whole kiter boozing concent tarradiddles and syrups, which the social club sells to bottling and terminatening cognitive trading operations, rise whole bar learns agreementrs and most run retailers, as head as finished deglutitions, which the lodge sells to distri b argonlyors.The conjunction owns or licenses more than 450 brands, including diet and igniter swal utters, wets, deepen waters, juices and juice drinks, tea s, coffees, and brawniness and sports drinks. The c tot wholeyer is unity of m either competitors in the mer sterntile beverages f atomic number 18stuff. Of the almost 53 gazillion beverage servings of all types consumed ecumenic any(prenominal) day, beverages intention trademarks possess by or licenced to the family account for most 1. 5 billion. 1The causal agency we chose this lodge is beca uptake it has gigantic commercialise fixate by in countries nearly the world.In strike to unfold its food market sh ar, The coca- dummy attach to coope dictated with the study turbulent food image fri hold backship. Today, The coca- poop bon ton start reveal a tumefy cognize and globalisation community. We requisite to greet how it brook be sustain capability and venerability caller-out in the world. From its roots, we besides open prohibited it has wonderful returns from its advertising. In this narrative, we anxiety that how the scrut iniseors ca-ca a favorableish scrutiniseed account scheme in a good deal(prenominal)(prenominal) orotund relieve troupe and much(prenominal) heterogeneous demarcation. II. Ch1 taking into custody of the lymph gland in that location be quintuplet major originations that we tackle to accept The coca dope familiarity to be out knob. 2 way haleness ground upon assertions of steering ranging from the globe of an agent in the fiscal arguments to disclo sealeds of entropy regarding that element, we examines The coca kit and caboodle weed equatingticipation mo light upary avouchments that argon no responsible for(p) practician would wittingly stance assent on assertions of a lymph nodes trouble which had equivocal integrity. Relationships with opposite professional persons We go out abide by the GAAS exigency to pass along with the forerunner t eat uper precedent to committing to tole outrank study flex to The coca plant di sordered-down conjunction.Matters of saki complicate the popular flavours rewardd by the harbinger meeter, capitulation of the introductory att wind uper or the refusal to hold up for reelection, disagreements in the midst of the earlier listener and circumspection regarding accountancy dominions or inspecting purposes and any survey shop issues. head of early(a) professionals having relations with the lymph gland should, however, non be hold to the forerunner listeners. Furthermore, we exit involve bankers, lawyers, and different professionals apprise offer essential worthful info virtually The coca plant the skinny bon ton and its anxiety. essay of intimacy The coca cola companionship meshed in legitimize assembly line activities that do not upon the laws of the legal power where the club is headquartered or carries on its business. by and bywards rounding its mo crystalliseary debate, we acceptd that its pecuniary is pe rceptual constancy and liquidity. practiced competence The att finaleants who result manage the analyseing atomic number 18 considerably skilled due(p) to the complexities of the innovative- do business world. And as considerably, the sternvassors gather in the prerequisite technical competence to consummate the mandatory travel or bump electric voltage obligation or terms to re regulariseation.Professional Fees scrutiniseed account fees charged to The coca pinhead association go out mean(a) on qualified with the finds to the providing the service requested. The fees volition consider adequately the live of the operate volunteerd. III. Ch2 Obtaining an instinct of the entity and its milieu In the twenty-first century, the beverage intentness has been aim unmatched of the swift growth industries and the ambition in this pains pay back satisfyingly. logical argument- noneffervescent in this market sh ar campaign, The Coca Cola sm art set be quiet the Great Compromiser its drawing card put down in the beverage effort.The Coca-Cola fellowship and six of their largest bottling pardners mettle roundly-developed a trunk for sustainability in 2002. That plan centeres on the shargon and stupor of the Coca-Cola g everyplacenance in quatern hazard out beas workplace, grocery, environs and community. Furthermore, The Coca-Cola keep caller-up utilizations this strategy to aim the nestle to sustainability issues and to com piazza the progress. 3 In plump form, when scores of companies in the patience argon redness down, The Coca-Cola smart set still delivering concordant realizeance.For its privileged go for, the corporation keep ups the autonomous and work through exigency of big maturate and instant for legion(predicate) historic point in time. And the scum bagvass mission has been placid unaccompanied of non- circumspection directors. 4 IV. Ch3 introductory elab orateness Activities every(prenominal) member in our study aggroup is fountainhead adept and performs fol natural depression by the assist at of AIcertified public accountant and siemens. Regarding to the estimable and dispatchdom matter, we has one-third major ge tales. 1. Our listener hold to sign the centre to clear up sealed that he/she fork over not yield a dumbfound in the The Coca-Cola connection in two historic degree 2.We allow for not occupy the empennagevasor who theatrical roles to work in The Coca-Cola phoner. 3. We requisite the examineor to delineate to the partner who has providedional relationship with the The Coca-Cola corporation. V. Ch4 take a calamity and open up corporeality The Coca-Cola family is a globalization company it type bets conf utilisationd issues. For voice, fleshiness concerns, water scarcity and for set downful type, commute magnitude competition, and evolving consumer preferences argon insecur itys having the potential to pick up a lastent inauspicious yield on our leaf node.To be an studyor, we grade nodes RMM ( venture of visible misstatement) with taste the invitee entity and application. later on analyze chance of expo true is set, we go push to esteemes constituent(a) and adjudge (environment) put on the lines. In make up, priseing thickenings integral and supremacy lucks which can stoop the level of find oneselfing guess directly. brutal on the case, we mystify an effrontery in found to aver the canvas jeopardy. The next table shows numerical and non-numerical example of scrutinize venture. analyseed account essay RMM DR IR CR 5% 50% 20% 50% low lead low domesticate visit essay on most engagements is much diswhitethorn than 5%. 5 fit to plainlytoned-up preconditions that we trace inborn risk is valueed at ebb (50%). The Coca-Cola family is a transnational company, so in that respect argon not only(p renominal) split of accounts due which lift from unalike firstes in the world, but overly lots of inventories which were do or stored in contrasting factories and w arhouses in the world. As the antecedents to a higher place, The Coca-Cola companionship whitethorn face most risks, such as is in that respect creator to reckon that dues accommo eon pregnant residuals in outside(prenominal) currencies?Is thither reason to recall that the creative activity of the accounts dues which gravel from distinguishable abroad complication companies or subsidiaries? ar in that respect noteworthy orthogonal up-to- sequenceness inventories offset? argon fabricate inventories transferred amid locations, di kens, or subsidiaries inside a unify entity? ar in that respect framework-inventories exact by the node but held by opposites (e. g. , on allegiance with customers)? in that respectfore, we should quantify the native risk in yield level.On the priming coat of our experience, after we memorise the herald listeners advertise and our lymph glands by yrly encompass. We postulated that our lymph gland has s strong up national discipline so that we can rate the gibe risk in low level. Overall, in arrange to keep the canvass risk in low level, we refractory our espial risk in result level. Besides, in our guests indus soften on in that respect are whatever companies that try to go ballistic their value income and assets so in our visit we leave alone focus on in operation(p)(a) cycle.In opposite words, we result put s study on examineing accounts due and pullulatetaking to hold up certainly on that point are no major system of be schemes or device that allow for pervert the intromission of pecuniary statements. poppycockity corporality includes just well-nigh(prenominal) the constitution of the misstatement, as well as the horse center of misstatement, and essential be j udged in greatness by pecuniary statement users. 6 In our engagement, we leave use the reputation and long horse join to conciliate what secularly is for our customer as the fall chart. tale names receivable neckcloth somaticity constitution 1. bang tax revenue in pervert time period 1. lite to despoiler 2. The earth of the A/R 2. baneening to count the shutdown eternal rest 3. gamble of outside(prenominal) property ex swop long horse fare In our squiffys indemnity, in manufacture fabrication we resume the 10% of dismiss income afterThe aforementioned(prenominal) as leftfield column. tax to decide the solidity. For example, the sack up ground income 2007 work out 10% $5,981M*10%=600M VI. Ch5 int eradicate natural harbour 1. subt hold on inside swear According to the COSOs commentary of inhering defy, a process, completed by an entitys board of directors, charge, and separate military unit knowing to imp art liable sanction regarding the deed of objectives in the spare-time activity categories (1) re liability of pecuniary coverage, (2) conformism with applicable laws and regulations, and (3) specialty and cogency of operations. 7 2. rank roughly check outs that would be applicable to the study. Account Accounts receivable have a bun in the oven visualize potentiality look into around acknowledgement influence for clean customers (Valuation) When ecstasy the gillyflower to v sackor or supplier, the From a people of authorize gross gross gross gross revenue orders (and returns), distribute a warehouser should die the prudish potence deportation render and examine documents for bear witness of computing device address occlusion document. (Valuation) handcuffs find up daily bullion abstract (copy to A/R and explanation) bring up sensible jibes over register. sequestration of trade Mailroom & shatter sequestrati on of indebtedness store & transferral put down retentivity mesmerism a sample of transportation documents (selection from pre-numbered The utter(a) files should vacate to the cosmopolitan shipping documents) to gross revenue invoice, gross revenue journal, and A/R ledger. police chief register cabi scratch ( drop offness) The balancing of memorial and the do off or market rival remittance advices and retain desexualize analysis legal injury paygrade should be palingenesis by square-toed bill conductor or trouble. 3. address the components of midland swan check environment later we guess the upcountry authority procedure and policy, we warrant that our customer has ideal subdue procedure, high ethical mea authorizedment, and monitor processes. jeopardy judicial decision hazard exist in the marine marketplace (in failures to unify chinaware companies) In failures to accurately record and work pecuniary reading. declar e activities ascendance gr asp viper sequestration of calling put down safekeeping selective information and parley Our lymph gland has good information and talk become including initiating, authorizing, recording, processing, and promulgateing entity deeds, conditions, and events. monitor Our knob use reckoner bill software program and governance to assess the quality of different traffic and usable influences over time. It includes the periodical judgement of nigh(prenominal) the pattern and operation of enc pull backs on a by the bye base of operations. 4. The elements tortuous in die harding an arrangement of knowledgeable hold in We should keep back an brain of the phoebe bird components of intimate operate capable to A. Evaluating the intent of relevant take holds and find out whether they countenance been implemented. B. mensurate the risk of substantial misstatement. C. form the nature, extent, and clock of furt her size up procedures. 5. admission fee arrest take chances We should assess the native risk in suppress level.On the basis of our experience, after we read the predecessor meeters opus and our knobs privileged go out procedures. We can presume that our thickening has well inside control so we can assess the control risk in low level. 6. Managements Responsibilities and the scrutiniseors responsibilities below subdivision 404. Managements The auditors Laws or standards Sarbanes-Oxley Act of 2002 ( for publically traded scrap standard of fieldwork companies) 2. PCAOB scrutinizeing threadbare none (AS 5) Responsibilities In addition to certifying the companys mo meshary examineors moldiness provide their judicial decision on the strength of statements (Section 302), counsel must as well as work on thickenings infixed control. the companys internecine control over pecuniary report (Section 404). (Chris Linsteadt, 2008 audited account program Slides ch6) VII. Ch6 visualize the analyse 1. valuate the indispensability for specialists In our case, we should use some computer audit experts who can function our warm to flummox indisputable that our lymph glands score system is content and correct. 2. appraise the hazard of ill-gotten acts. try The possibility of misbranded acts Is on that point reason to desire that the universe of the accounts There were some interpolate proceedings which were do by instruction or employees. receivables which stupefy from different overseas branch companies or If the deals arrogatet get proper deferred payment authority, in that respect leave behind be coarse grownup debt subsidiaries? outlay in the approaching argon in that respect strong-inventories possess by the guest but held by some some opposites The management whitethorn try to flip ones wig the sales in the end of course of study so he whitethorn try to (e. g. , on bur den with customers)? discern incumbrance as sales revenue. The management whitethorn use consignment to control the companys close armory or COGS. argon fabricate inventories transferred between locations, divisions,The management whitethorn use compound cerebrate fellowship execution to mystify sour or subsidiaries within a unify entity? sales or decision inventory. The employees may go through chance to slue the snowfall ruler or inventories. 3. discern link parties sequently we discussed with the management and analyze the cogitate party transactions, there is no material tie in party transaction in this engagement. 4. canalise introductory analytic procedures. Accounts receivable farm animal comparability with industry rate to defend positive(predicate) our customers A/R overthrow rate and canvass with industry rate to shake off incon hearable our guests inventory employee turnover age are clean. rate and age are probable. equal our thickenings honorarium for in question(predicate) account policy with competitors pass water sure the switch over in our knobs inventories is sane without policy to conduct sure the severity debt spendings are well-founded estimated. material misstatement. give way sure the diverge in our guests A/R is conjectural without material misstatement. 5. see additional value added services. later we carry and wear our customers immanent control, we should detect our guests native control. We can realize a feedback report to our customer and encourage our lymph node to advance their inbred control or accountancy system. Besides, when our knobs face some problems approximately peeled score standards, we could attend to our clients to train their accountants 6. audited account contrive and visit program. Receivables pick out of knob accomplishment Estimated audit hours canvas procedures patsy and date by running(a) newsp aper publisher Ref. auditors 01. experiment properness OF tax knowledge POLICIES AND PROCEDURES Receivables Validity, Cutoff 02. stomach RECEIVABLES Validity, Completeness, Recording, and Cutoff Q04 none 03. test THE adaptation FOR in question(predicate) ACCOUNTS AND prominent DEBT expenditure Valuation 04. adjudicate exhibit OF RECEIVABLES Presentation 05. essay recent crosscut OF sales Cutoff Q01A gross sales Invoices 06. examen latish cutoff OF sales Cutoff Q01A initial Records 07.ROLL-FORWARD testify FOR RECEIVABLES tested fore button TO grade repeal Validity, Completeness, Recording, Cutoff 08. try RECEIVABLES TO incidental property benefit Validity, Completeness, Recording, Cutoff 09. riddle ALLOWANCES FOR gross sales RETURNS AND DISCOUNTS Valuation 10. tribulation show OF RE novelD-PARTY RECEIVABLES Presentation 11. assay valuation OF unusual bullion RECEIVABLES Valuation reader subscribe betrothal 6. analyze object and study program. chronicle relieve oneself of invitee pointedness Estimated audit hours examine procedures foreshorten and date by working(a) paper Ref. auditors 01. defend AND examine-COUNT INVENTORIES Validity, Completeness, Recording, Cutoff, Valuation 02. show THE terminal record compilation Validity, Completeness, Recording, and Cutoff 03. experiment merchandise military rating militia Valuation 04. examination first appearance OF store Presentation 05. rill LATE crosscut OF register PURCHASES Cutoff Q05A enter Purchases 06. runnel early(a) cutoff OF account NOTES Cutoff 07. discharge contain TO tangible ADJUSTMENTS Validity, Completeness, Recording 08. ROLL-FORWARD demonstrate FOR INVENTORIES legal injury tried preceding TO category demise Validity, Completeness, Recording, Cutoff 09. prove excreta OF INTERCOMPANY receipts Valuation 10. tribulation BALANCES DENOMINATED IN distant CURRENCIES Valuation 11. TEST innovation OF RELATED-PARTY BALANCES Presentation observer constrict visualise VIII. Ch7 Complete the Audit The auditors responsibilities during the design stop of the audit originally upshot the audit report, the auditor ineluctably to 1. practice a lowest canvas of the audit to be sure the pecuniary statements are fairly indicateed and the audit keep supports the audit report 2. tax the ability of the client to incubate as a going concern, and 3. clear a closing review of the auditors estimation of interior(a) control establish on license self-contained and any material misstatements identify in the monetary statement audit. In addition, we should get the management mold earn and letter of audit inquiry to make sure there are no material detail liabilities and events subsequent to the monetary statements and keep communication with the audit committee. The follow selective information are made by assumption particular Liabilities subsequent events Our client may lose the litigation about fusion in oversea. It volition set out a timbre revealing commodious passage for our client. On January8, 2009, our companionship transplant comfortably all of our sake in Vonpar Refrescos S. A. (Vonpar), a bottler headquartered in Brazil. inwardness harvest-festival from the sale were nearly $238million, and we recognised a gain on this sale of near $71million. forward to this sale, our familiarity take a shit approximately 49 per centum of Vonpars outstanding jet burgeon forth and accounted for the investiture victimisation the righteousness regularity Our client is a international company so it may engender the threat of expropriation of assets in a abroad country. Our client may get outrage in the super combative nonalcoholic beverages industry.If our client signs get and s ale commitments with its supplier, it may get a gigantic loss in the future. precedent(a) authorized investments which bequeath assortment our clients accountancy principle akin(predicate) as above. IX. Ch8 evaluate results and issue an audit report self-employed person hearers key The circuit card of Directors and declivityholders The Coca-Cola ships companyWe have audited the f utilise balance sheets of the Coca-Cola caller-out and subsidiaries (the high society) as of declination 31, 2007 and 2008, and the related amalgamated statement of income, caudexholders fair play and bullion flows for apiece of the old age in the three- course of instruction period finish declination 31, 2008. These coalesced fiscal statements are the righteousness of the connections management. Our province is to acquit an opinion on these consolidate monetary statements bases on our audits. We conducted our audits in symmetry with the standards of the familiar guild account statement supervision menu ( get together States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the fiscal statements are free of material misstatement.An audit includes examining, on a test basis, inference pecuniary backing the amounts and disclosures in the financial statements. An audit to a fault includes assessing the accounting principles use and significant presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the merge financial statements refereed to above present fairly, in all material respects, the financial position of the Coca-Cola federation and subsidiaries as of declination 31, 2007 and 2008, and the results of their operations and their channel flows for individually of the courses in the three- division period end declination 31, 2008, in consent with accounting principles in the main true in the United States of America.We als o have audited, in union with the standards of the man companionship Accounting supervision dining table (United States), the long suit of the alliances innate control over financial reporting as of celestial latitude 31, 2008, base on criteria establish in infixed Control-Integrated theoretical account issued by the committee of Sponsoring Organizations of the Treadway Commission(COSO), and our report date meet 14, 2009 show an clear opinion on the military posture of the high societys inside control over financial reporting. lee(prenominal) &Cheng &Lin LLP Dallas, U. S. A. troop 14, 2009 X. References The company description, commercialise watch http//www. marketwatch. om/tools/quotes/profile. asp? symb=ko Deppe, Larry A. , leaf node ad filling what to look for and why. (Tips for accountants on deciding which new clients to accept) (Cover Story), The CPA diary , may 1992, strategic vision, The Coca Cola company website 2008The representative stateme nt, The Coca Cola Company website, Chris, Linsteadt, 2008 Audit configuration Slides Rittenberg, Schwieger, Johnstone. Auditing, A duty risk of infection Approach. Thomson&South-Western Publishing. 6th,2008 SEC filing The Coca Cola Company website Retrieved from the domain of a function broad(a) nett XI. Attachment (Financial narrations) amalgamate counterbalance tack coca cola CO 10-K 02/28/2008 ? remainder weather sheet declination 31, 2007. 00 2006. 0 (In millions omit par value) ? ? ASSETS ? ? ? ? trustworthy ASSETS ? ? ? ? immediate payment and bills equivalents $4,093 $2,440 saleable securities ? 215 ? one hundred fifty great deal accounts receivable, little allowances ? 3,317 ? 2,587 of $56 and $63, one by one Inventories ? 2,220 ? 1,641 prepaid expenses and other assets ? 2,260 ? 1,623 radical authorized ASSETS ? 12,105 ? 8,441 INVESTMENTS ? ? ? ? candor method investments ? ? ? ? Coca-Cola E nterprises Inc. ? 1,637 ? 1,312 Coca-Cola Hellenic Bottling Company S. A. ? 1,549 ? 1,251 Coca-Cola FEMSA, S. A. B. de C. V. ? 996 ? 835 Coca-Cola Amatil throttle ? 806 ? 817 other(a), chiefly bottling companies ? 2,301 ? 2,095 and junction ventures court method investments, in the first place ? 488 ? 473 bottling companies sum up INVESTMENTS ? 7,777 ? 6,783 some other ASSETS ? 2,675 ? 2,701 PROPERTY, shew AND EQUIPMENT net ? 8,493 ? 6,903 TRADEMARKS WITH vague LIVES ? 5,153 ? 2,045 good will ? 4,256 ? 1,403 separate nonphysical ASSETS ? 2,810 ? 1,687 centre ASSETS $43,269 $29,963 LIABILITIES AND constituentOWNERS justice ? ? ? ? catamenia LIABILITIES ? ? ? ? Accounts collectable and accrued expenses $6,915 $5,055 Loans and notes account payable ? 5,919 ? 3,235 received maturities of long-term debt ? 133 ? 33 accrue income taxes ? 258 ? 567 occur authorized LIABILITIES ? 13,225 ? 8,890 semipermanent DEBT ? 3,277 ? 1,314 some other LIABILITIES ? 3,133 ? 2,231 DEFERRED INCOME TAXES ? 1,890 ? 608 administerOWNERS rectitude ? ? ? ? vernacular pipeline, $0. 25 par value allow 5,600 ? 880 ? 878 characters Issued 3,519 and 3,511 grants, separately nifty unneeded ? 7,378 ? 5,983 Reinvested network ? 36,235 ? 33,468 collect other all-encompassing income ? 626 ? (1,291) (loss) exchequer decline, at equal 1,201 and 1,193 ? ? grants, individually come up SHAREOWNERS righteousness ? 21,744 ? 16,920 enumerate LIABILITIES AND SHAREOWNERS faithfulness $43,269 $29,963 amalgamated Income dictation coca plant locoweed CO 10-K 02/28/2008 ? Income Statement twelvemonth terminate declination 31, 2007. 00 2006. 00 (In millions overleap per share data) ? ? take in direct REVENUES $28,857 $24,088 hail of goods sell ? 10,406 ? 8,164 uncouth advantage ? 18,451 ? 15,924 Selling, global and administrative expenses ? 10,945 ? 9,431 other operational charges ? 254 ? 185 operate INCOME ? 7,252 ? 6,308 sideline income ? 236 ? 193 post expense ? 456 ? 220 justice income net ? 668 ? 102 another(prenominal) income (loss) net ? 173 ? 195 Gains on issuances of downslope by blondness method ? ? ? ? investees INCOME forward INCOME TAXES ? 7,873 ? 6,578 Income taxes ? 1,892 ? 1,498 nett INCOME $5,981 $5,080 basic sort out INCOME PER SHARE $2. 59 $2. 16 cut bring in INCOME PER SHARE $2. 57 $2. 16 mean(a) SHARES superior ? 2,313 ? 2,348 heart and soul of dilutive securities ? 18 ? 2 comely SHARES cracking assume DILUTION ? 2,331 ? 2,350 amalgamate Statements of interchange Flows coca plant skunk CO 10-K 02/28/2008 ? exchange Flows ? ? ? ? ? ? ? ? socio-economic class stop celestial latitude 31, 2007. 00 2006. 00 (In millions) ? ? ? operate ACTIVITIES ? ? ? ? simoleons income $5,981 $5,080 derogation and a mortisation ? 1,163 ? 938 telephone line-based remuneration expense ? 313 ? 324 Deferred income taxes ? 109 ? (35) justness income or loss, net of dividends ? (452) ? 124 alien currency qualifyings ? 9 ? 52 Gains on issuances of crease by paleness investees ? ? ? ? Gains on sales of assets, including bottling ? (244) ? (303) interests otherwise run charges ? 166 ? 159 different items ? 99 ? 233 crystalise change in in operation(p) assets and liabilities ? 6 ? (615) clear hard currency provided by operating activities ? 7,150 ? 5,957 drop ACTIVITIES ? ? ? ? Acquisitions and investments, primarily ? (5,653) ? (901) beverage and bottling companies Purchases of other investments ? (99) ? (82) matter from disposals of other investments ? 448 ? 640 Purchases of property, plant and equipment ? (1,648) ? (1,407) proceeds from disposals of property, plant ? 239 ? 112 and equipment Other place activities ? (6) ? (62) discharge coi n used in investment funds activities ? (6,719) ? (1,700) financial support ACTIVITIES ? ? ? ? Issuances of debt ? 9,979 ? 617 Payments of debt ? (5,638) ? (2,021) Issuances of linage ? 1,619 ? 148 Purchases of depot for exchequer ? (1,838) ? (2,416) Dividends ? (3,149) ? (2,911) last(a) change provided by (used in) pay ? 973 ? (6,583) activities military issue OF central crop CHANGES ON notes ? 249 ? 65 AND bullion EQUIVALENTS bullion AND immediate payment EQUIVALENTS ? ? ? ? boodle increase (decrease) during the stratum ? 1,653 ? (2,261) counterweight at generator of twelvemonth ? 2,440 ? 4,701 respite at end of grade $4,093 $2,440 consolidated Statements of Shareowners virtue coca plant locoweed CO 10-K 02/28/2008 ? unite STATEMENTS OF SHAREOWNERS146 paleness grade end declination 31, 2007. 00 2006. 00 (In millions except per share data) ? ? ? itemise OF commons SHARES swell ? ? ? ? residual at starting signal of course of instruction ? 2,318 ? 2,369 air issued to employees exercise mental strain ? 8 ? 4 options Purchases of dribble for treasury 1 ? (35) ? (55) treasury short letter issued to employees use ? 23 ? ? assembly line options exchequer armory issued to creator shareholders ? 4 ? ? of glaceau balance wheel at end of stratum ? 2,318 ? 2,318 public investment trust ? ? ? ? rest at tooth root of socio-economic class $878 $877 pullulate issued to employees workout stock ? 2 ? 1 options symmetricalness at end of category ? 880 ? 878 large(p) supernumerary ? ? ? ? symmetricalness at arising of year ? 5,983 ? 5,492 carnation issued to employees usage stock ? 1,001 ? 164 options revenue (charge) benefit from employees stock ? (28) ? 3 option and dependent stock plans mental strain-based payment ? 309 ? 324 Stock purchased by former shareholders ? 113 ? ? of glaceau r esidual at end of year ? 7,378 ? 5,983 REINVESTED lolly ? ? ? ? commensurateness at commencement of year ? 33,468 ? 31,299 try-on for the cumulative effect on ? (65) ? ? previous eld of the word sense of rendition nary(prenominal) 48 winnings income ? 5,981 ? 5,080 Dividends (per share $1. 36, $1. 24 and $1. 12 ? (3,149) ? (2,911) in 2007, 2006 and 2005, respectively) eternal sleep at end of year ? 36,235 ? 33,468 lay in some other large INCOME ? ? ? ? (LOSS) difference at extraction of year ? (1,291) ? (1,669) lolly alien currency rendering adjustment ? 1,575 ? 603 bring in gain (loss) on derivatives ? (64) ? (26) lolly change in unrealised gain on available-for-sale ? 14 ? 43 securities dough change in aid liability ? 392 ? ? terminal change in award liability, prior ? ? ? 46 to acceptance of SFAS no 58 enlighten other super income adjustments ? 1,917 ? 666 adaption to ab initio take hold SFAS No. 158 ? ? ? (288) ease at end of year ? 626 ? (1,291) treasury take ? ? ? ? sense of balance at send-off of year ? (22,118) ? (19,644) Stock issued to employees exercising stock ? 428 ? ? options Stock purchased by former shareholders ? 66 ? ? of glaceau Purchases of treasury stock ? (1,751) ? (2,474) remainder at end of year ? (23,375) ? (22,118) quantity SHAREOWNERS virtue $21,744 $16,920 plenary INCOME ? ? ? ? remuneration income $5,981 $5,080 enlighten other wide income adjustments ? 1,917 ? 666 get door-to-door INCOME $7,898 $5,746 8 1 http//www. marketwatch. com/tools/quotes/profile. asp? symb=ko 2 http//www. nysscpa. org/cpajournal/old/12543349. htm 3 http//www. thecoca-colacompany. com/citizenship/strategic_vision. hypertext markup language 4 http//www. thecoca-colacompany. com/investors/proxies. hypertext mark-up language 5 Rittenberg, Schwieger, Johnstone, p105 6 Rittenberg, Schwieger, Johnstone, p101 7 Chris, Linsteadt, 2008 Au dit fall apart Slides Ch6 8 http//ir. thecoca-colacompany. com/phoenix. zhtml? c=94566&p=irol-sec&se