Coca Cola 2008 Annual Report Download - page 148
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In the second quarter of 2007, the Company recorded the following transactions which impacted results:
• Approximately $48 million of charges primarily related to restructuring and asset write-downs in Eurasia
and Africa, Europe, Latin America, Pacific, Bottling Investments and Corporate. Refer to Note 18 and
Note 19.
• An approximate $89 million charge to equity income—net primarily related to our proportionate share of
an impairment recorded on investments by Coca-Cola Amatil in bottling operations in South Korea,
along with our proportionate share of an asset write-down recorded by CCBPI and our proportionate
share of restructuring charges recorded by CCE. Refer to Note 3 and Note 19.
• An approximate $38 million tax benefit related to restructuring and asset write-downs and our
proportionate share of charges recorded by equity investees, as mentioned above. Refer to Note 17.
• An approximate $30 million tax expense related to amounts required to be recorded for changes to our
uncertain tax positions under Interpretation No. 48. Refer to Note 17.
In the third quarter of 2007, the Company recorded the following transactions which impacted results:
• Approximately $84 million of charges primarily related to restructuring activities and asset write-downs in
Eurasia and Africa, Europe, Latin America, North America, Bottling Investments and Corporate. Refer
to Note 18 and Note 19.
• An approximate $73 million net gain related to the sale of a portion of our ownership interest in
Coca-Cola Amatil. Refer to Note 3 and Note 19.
• An approximate $21 million increase to equity income—net primarily related to our proportionate share
of tax benefits recorded at CCE, partially offset by asset write-downs and restructuring costs recorded by
CCBPI. Refer to Note 3 and Note 19.
• An approximate $15 million tax expense related to amounts required to be recorded for changes to our
uncertain tax positions under Interpretation No. 48. Refer to Note 17.
• A tax charge of approximately $31 million primarily related to the gain on the sale of a portion of our
ownership interest in Coca-Cola Amatil, as mentioned above. Refer to Note 17.
• An approximate $19 million tax benefit related to tax rate changes in Germany. Refer to Note 17.
In the fourth quarter of 2007, the Company recorded the following transactions which impacted results:
• Approximately $126 million of charges primarily related to asset write-downs and restructuring activities
in Eurasia and Africa, Europe, Latin America, North America, Pacific, Bottling Investments and
Corporate. Refer to Note 18 and Note 19.
• An approximate $18 million gain related to the sale of real estate in the United States. Refer to Note 19.
• An approximate $9 million charge to equity income—net primarily due to our proportionate share of
asset write-downs and restructuring costs recorded at various equity method investees, offset by tax
benefits recorded by CCE. Refer to Note 3 and Note 19.
• An approximate $40 million tax expense related to amounts required to be recorded for changes to our
uncertain tax positions under Interpretation No. 48. Refer to Note 17.
• An income tax benefit of approximately $19 million primarily related to asset write-downs and
restructuring activities in Eurasia and Africa, Europe, Latin America, North America, Pacific, Bottling
Investments and Corporate. Refer to Note 17.
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