-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EagnzHNcbOOIaopBhWYkS0CvsMtMW1Q0etkE0s1mrnv2kB7Mt1D9qycCHWpdu77I bygApPsaM0hFe/dkPUreWw== 0001104659-09-040016.txt : 20090625 0001104659-09-040016.hdr.sgml : 20090625 20090625140139 ACCESSION NUMBER: 0001104659-09-040016 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20081231 FILED AS OF DATE: 20090625 DATE AS OF CHANGE: 20090625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COCA COLA CO CENTRAL INDEX KEY: 0000021344 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 580628465 STATE OF INCORPORATION: DE FISCAL YEAR END: 0417 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02217 FILM NUMBER: 09909298 BUSINESS ADDRESS: STREET 1: ONE COCA COLA PLAZA CITY: ATLANTA STATE: GA ZIP: 30313 BUSINESS PHONE: 404-676-2121 MAIL ADDRESS: STREET 1: ONE COCA COLA PLAZA CITY: ATLANTA STATE: GA ZIP: 30313 11-K 1 a09-16757_211k.htm 11-K

Table of Contents

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 11-K

 

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2008

 

OR

 

o  TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from                   to

 

Commission File No. 1-2217

 

CARIBBEAN REFRESCOS, INC. THRIFT PLAN

(Full title of the plan)

 

GRAPHIC

(Name of issuer of the securities held pursuant to the plan)

 

One Coca-Cola Plaza
Atlanta, Georgia 30313
(Address of the plan and address of issuer’s principal executive offices)

 

 

 



Table of Contents

 

CARIBBEAN REFRESCOS, INC.

THRIFT PLAN

 

Financial Statements and Supplemental Schedule

As of December 31, 2008 and 2007

and for the Year Ended December 31, 2008

with Report of Independent Registered Public Accounting Firm

 



Table of Contents

 

CARIBBEAN REFRESCOS, INC. THRIFT PLAN

 

Financial Statements and Supplemental Schedule

As of December 31, 2008 and 2007

and for the Year Ended December 31, 2008

 

Table of Contents

 

 

Page

 

 

Report of Independent Registered Public Accounting Firm

1

 

 

Statements of Net Assets Available for Benefits

2

 

 

Statement of Changes in Net Assets Available for Benefits

3

 

 

Notes to Financial Statements

4

 

 

Supplemental Schedule

 

 

Schedule H, line 4i — Schedule of Assets (Held at End of Year)

9

 



Table of Contents

 

BANKS, FINLEY, WHITE & CO.

CERTIFIED PUBLIC ACCOUNTANTS

 

To the Thrift Plan Committee of

Caribbean Refrescos, Inc.

Caribbean Refrescos, Inc.

Cidra, Puerto Rico

 

Report of Independent Registered Public Accounting Firm

 

We have audited the accompanying statements of net assets available for benefits of Caribbean Refrescos, Inc. Thrift Plan (the “Plan”) as of December 31, 2008 and 2007 and the related statement of changes in net assets available for benefits for the year then ended December 31, 2008. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

 

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2008 and 2007, and the changes in net assets available for benefits for the year ended December 31, 2008 in conformity with U.S. generally accepted accounting principles.

 

Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets held at end of year is presented for purposes of additional analysis and is not a required part of the basic financial statements but is supplemental information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

 

 

/s/

BANKS, FINLEY, WHITE & CO.

 

June 25, 2009

 

College Park, Georgia

 

 

1



Table of Contents

 

CARIBBEAN REFRESCOS, INC. THRIFT PLAN

 

Statements of Net Assets Available for Benefits

December 31, 2008 and 2007

 

 

 

2008

 

2007

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

Investments (Notes 3 and 4)

 

$

23,742,741

 

$

30,501,511

 

 

 

 

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

 

$

23,742,741

 

$

30,501,511

 

 

Refer to Notes to Financial Statements.

 

2



Table of Contents

 

CARIBBEAN REFRESCOS, INC. THRIFT PLAN

 

Statement of Changes in Net Assets Available for Benefits

Year Ended December 31, 2008

 

Additions to net assets:

 

 

 

 

 

 

 

Investment income:

 

 

 

Dividend income from common stock

 

$

569,212

 

Interest and dividend income

 

205,341

 

Total investment income

 

774,553

 

 

 

 

 

Contributions:

 

 

 

Employer

 

591,815

 

Participants

 

1,392,713

 

Total contributions

 

1,984,528

 

 

 

 

 

Total additions

 

2,759,081

 

 

 

 

 

Deductions from net assets:

 

 

 

 

 

 

 

Net depreciation in fair value of investments

 

7,437,913

 

Distributions to Participants

 

2,070,244

 

Administrative expenses

 

9,694

 

 

 

 

 

Total deductions

 

9,517,851

 

 

 

 

 

Net decrease in net assets available for benefits

 

(6,758,770

)

 

 

 

 

Net assets available for benefits, beginning of year

 

30,501,511

 

 

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR

 

$

23,742,741

 

 

Refer to Notes to Financial Statements.

 

3



Table of Contents

 

CARIBBEAN REFRESCOS, INC. THRIFT PLAN

NOTES TO FINANCIAL STATEMENTS

 

Note 1 — Description of Plan

 

The following description of the Caribbean Refrescos, Inc. Thrift Plan (the “Plan”) provides only general information. Participants should refer to the Summary Plan Description for a more complete description of the Plan’s provisions.

 

General

 

The Plan is a defined contribution pension plan covering a majority of the employees of Caribbean Refrescos, Inc. (the “Company”), a wholly-owned subsidiary of The Coca-Cola Company. Eligible employees may begin participating in the Plan after reaching age 18 and completing three months of service. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).

 

Plan Amendments

 

Effective March 30, 2007, the Plan was amended to permit participants to direct the investment of employer contributions to any investment option under the Plan, including The Coca-Cola Company Common Stock Fund, and to redirect their investment in The Coca-Cola Company Common Stock Fund attributable to employer contributions to other investment options under the Plan.

 

Contributions

 

The election to contribute to the Plan by employees (“Participants”) is voluntary. Participant contributions are in the form of payroll deductions with the Company currently making a matching contribution equal to 100% of the first 3% of compensation contributed by a Participant subject to certain limitations imposed by the Puerto Rico Internal Revenue Code of 1994 (the “Code”).

 

Participants may contribute to the Plan with “Before-Tax” dollars and/or “After-Tax” dollars.  “Before-Tax” contributions are not subject to current income taxation. Participants may contribute to the Plan on a “Before-Tax” basis up to $8,000 of their annual compensation subject to certain limitation imposed by the Code.  In addition to “Before-Tax” contributions, participants may contribute on an “After-Tax” basis up to 10% of their annual compensation.  Participants are allowed to roll over account balances from other qualified retirement plans into the Plan. Effective May 16, 2006, the Plan was amended to allow participants who are age 50 or older by the end of the year to make additional “Catch-Up” contributions within limits imposed by the Code.

 

All contributions are paid to a trustee and are invested as directed by Participants and the Company. Participants may direct their contributions into a money market fund, common stock of The Coca-Cola Company, mutual funds and collective trust funds with various investment objectives and strategies.

 

Diversification

 

All Company contributions are initially invested in common stock of The Coca-Cola Company. Participants may redirect these contributions to other investment options.

 

Valuation of Participant Accounts

 

Participant account balances are valued based upon the number of shares or units of each investment fund credited to Participant accounts. The shares and units are revalued on a daily basis to reflect earnings and other transactions. Participant account balances are updated on a daily basis to reflect transactions affecting account balances.

 

4



Table of Contents

 

Participant Loans

 

Participants may borrow from their account balances subject to certain limitations. Participant loans may be taken from a combination of “Before-Tax”, “After-Tax” and rollover account balances. The following applies to Participant loans:

 

(a)          The maximum amount that a Participant may borrow is the lesser of 50% of their account balance or $50,000. The $50,000 maximum is reduced by the Participant’s highest outstanding loan balance on any loans during the preceding 12 months.

 

(b)         The minimum amount that a Participant may borrow is the lesser of 50% of their account balance or $1,000.

 

(c)          The loan interest rate is the prime rate (as published in The Wall Street Journal at the inception of the loan) plus 1%.

 

(d)         The loan repayment period is one to five years for a general purpose loan and one to 15 years for a loan used to purchase or build a principal residence.

 

Payment of Benefits

 

Generally, payments from the Plan are made in a single lump sum upon a Participant’s retirement, termination or disability. However, upon death of a Participant, the surviving spouse or other designated beneficiary may choose to receive payments, up to a maximum of 10 annual installments, from the Plan. Participants may elect to receive in-service withdrawals from their After-Tax account balances.

 

Administration

 

The Company is the named plan administrator as defined in ERISA Section 3(16)(A). However, the Thrift Plan Committee of Caribbean Refrescos, Inc. (the “Committee”), on behalf of the Company and as designated in the Plan document, has substantial control of and discretion over the administration of the Plan.

 

Plan Termination

 

The Company expects the Plan to be continued indefinitely but reserves the right to terminate the Plan or to discontinue its contributions to the Plan at any time, by written document approved by the Committee. In the event of termination, the Committee may either:

 

(a)          continue the trust for as long as it considers advisable, or

 

(b)         terminate the trust, pay all expenses from the trust fund, and direct the payment of Participant account balances, either in the form of lump-sum distributions, installment payments, or any other form selected by the Committee.

 

Note 2 — Summary of Significant Accounting Policies

 

Basis of Accounting

 

The financial statements of the Plan are presented on the accrual basis of accounting.

 

Use of Estimates

 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires Plan management to make estimates that affect certain reported amounts and disclosures. Accordingly, actual results may differ from those estimates.

 

5



Table of Contents

 

Valuation of Investments

 

All investments are stated at fair value. The investments in common stock of The Coca-Cola Company are determined at the quoted prices in active markets at the last reported sales price on the last business day of the Plan year. The investments in collective trust funds are stated at fair value, based on quoted redemption values, also known as net asset values, as determined by the investment manager on the last business day of the Plan year. The investments in mutual funds are based on the publicly quoted final net asset values on the last business day of the Plan year. Participant loans are valued based upon remaining unpaid principal plus any unpaid accrued interest. Money market funds are stated at fair value, which approximates cost.

 

Administrative Expenses

 

Certain administrative expenses were paid by the Plan, as permitted by the Plan document. All other administrative expenses were paid by the Company.

 

Note 3 — Investments

 

Statement of Financial Accounting Standards (“SFAS”) No. 157, “Fair Value Measurements” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. SFAS No. 157 established a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

 

· Level 1 — Quoted prices in active markets for identical assets or liabilities.

 

· Level 2 — Observable inputs other than quoted prices included in level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

 

· Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

 

The fair values of investments as of December 31, 2008 are summarized in the table below:

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Common stock

 

$

17,147,046

 

$

 

$

 

$

17,147,046

 

Money market funds

 

1,977

 

2,983,354

 

 

2,985,331

 

Mutual funds

 

2,527,807

 

 

 

2,527,807

 

Participant loans

 

 

 

655,239

 

655,239

 

Collective trust funds

 

 

427,318

 

 

427,318

 

Total investments

 

$

19,676,830

 

$

3,410,672

 

$

655,239

 

$

23,742,741

 

 

6



Table of Contents

 

The change in the fair value of the Plan’s level 3 investments for the year ended December 31, 2008 is set forth in the table below:

 

 

 

Participant Loans

 

Balance, beginning of year

 

$

534,081

 

Realized gains/(losses)

 

 

Unrealized gains/(losses) relating to assets still held at reporting date

 

 

Purchases, sales, issuances and settlements, net

 

121,158

 

Balance, end of year

 

$

655,239

 

 

The fair value of individual investments that represented 5% or more of the Plan’s net assets as of December 31, 2008 and 2007 was as follows:

 

 

 

2008

 

2007

 

Common stock of The Coca-Cola Company

 

$

17,147,046

 

$

22,821,539

 

Merrill Lynch Government Money Market Fund

 

2,983,354

 

1,689,356

 

 

During the year ended December 31, 2008, the Plan’s investments (including investments purchased, sold, as well as held during the year) depreciated in fair value as follows:

 

Common stock of The Coca-Cola Company

 

$

5,984,444

 

Mutual funds

 

1,291,121

 

Collective trust funds

 

162,348

 

Net depreciation in fair value of investments

 

$

7,437,913

 

 

Note 4 — Transactions with Parties-in-Interest

 

During the year ended December 31, 2008, the Plan had the following transactions relating to common stock of The Coca-Cola Company:

 

 

 

Shares

 

Fair Value

 

Realized Gain

 

Purchases

 

121,885

 

$

6,336,078

 

N/A

 

Sales

 

113,022

 

5,921,467

 

$

3,030,549

 

In-Kind Distributions

 

1,958

 

104,660

 

N/A

 

Dividends Received

 

N/A

 

569,212

 

N/A

 

 

The Plan held the following investments in common stock of The Coca-Cola Company:

 

 

 

Shares

 

Fair Value

 

December 31, 2008

 

378,773

 

$

17,147,046

 

December 31, 2007

 

371,868

 

$

22,821,539

 

 

The Plan’s investments in the Cash Management Account and the Government Fund are managed by Merrill Lynch Bank & Trust Company, FSB and BlackRock, Inc., an affiliate of the Trustee, respectively. Therefore, transactions in these funds qualify as party-in-interest.

 

7



Table of Contents

 

Note 5 — Risk and Uncertainties

 

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect Participants’ account balances and the amounts reported in the statement of net assets available benefits.

 

Note 6 — Income Tax Status

 

The Plan qualifies under Sections 165(a) and 165(e) of the Puerto Rico Income Tax Act of 1954 (the “Act”), as amended, (for applicable tax years) and Sections 1165(a) and 1165(e) of the Puerto Rico Internal Revenue Code of 1994, as amended, (for applicable tax years) and is, therefore, not subject to tax under present income tax laws. Once qualified, the Plan is required to operate in conformity with the applicable tax requirements to maintain its qualification. The Plan obtained a determination letter on October 19, 1990, in which the Puerto Rico Department of the Treasury ruled that the Plan, as then designed, was in compliance with the applicable requirements of the Act. The Plan has been amended subsequent to receiving this determination letter. The Plan obtained letters on October 22, 1998 and September 27, 2000, in which the Puerto Rico Department of the Treasury ruled that the amendments do not affect the qualified status of the Plan. The Committee believes that the Plan is being operated in compliance with the applicable requirements of the Code and, therefore believes that the Plan is qualified and the related trust is tax-exempt.

 

8



Table of Contents

 

CARIBBEAN REFRESCOS, INC. THRIFT PLAN

EIN:  66-0276572   PN:  001

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2008

 

 

 

(b) Identity of issue, borrower, lessor or

 

(c) Description of investment including maturity date,

 

 

 

(a)

 

similar party

 

rate of interest, collateral, par, or maturity value

 

(e) Current value

 

 

 

 

 

 

 

 

 

 

 

MONEY MARKET FUNDS:

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

BlackRock, Inc.

 

Government Fund

 

$

2,983,354

 

 

 

 

 

 

 

 

 

*

 

Merrill Lynch Bank & Trust Company

 

Cash Management Account

 

1,977

 

 

 

 

 

 

 

 

 

 

 

Total Money Market Funds

 

 

 

2,985,331

 

 

 

 

 

 

 

 

 

 

 

COMMON STOCK:

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

The Coca-Cola Company

 

Common Stock

 

17,147,046

 

 

 

 

 

 

 

 

 

 

 

COLLECTIVE TRUST FUNDS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INVESCO

 

Structured Small Cap Value Equity Trust

 

202,334

 

 

 

 

 

 

 

 

 

 

 

INVESCO

 

International Equity Trust

 

224,984

 

 

 

 

 

 

 

 

 

 

 

Total Collective Trust Funds

 

 

 

427,318

 

 

 

 

 

 

 

 

 

 

 

MUTUAL FUNDS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AIM Advisors, Inc.

 

Dynamics Fund

 

359,361

 

 

 

 

 

 

 

 

 

 

 

AIM Advisors, Inc.

 

Basic Balanced Fund Class N

 

218,114

 

 

 

 

 

 

 

 

 

 

 

AIM Advisors, Inc.

 

Income Fund

 

157,235

 

 

 

 

 

 

 

 

 

 

 

AIM Advisors, Inc.

 

U.S. Government Fund

 

562,568

 

 

 

 

 

 

 

 

 

 

 

AIM Advisors, Inc.

 

Large Cap Growth Fund

 

360,522

 

 

 

 

 

 

 

 

 

 

 

AIM Advisors, Inc.

 

Global Growth Fund

 

244,651

 

 

 

 

 

 

 

 

 

 

 

AIM Advisors, Inc.

 

Basic Balanced Fund Class A

 

152,315

 

 

 

 

 

 

 

 

 

 

 

Dodge & Cox

 

Income Fund

 

124,554

 

 

 

 

 

 

 

 

 

 

 

Dodge & Cox

 

International Stock Fund

 

20,828

 

 

 

 

 

 

 

 

 

 

 

Janus

 

Overseas Fund

 

60,084

 

 

9



Table of Contents

 

 

 

(b) Identity of issue, borrower, lessor or

 

(c) Description of investment including maturity date,

 

 

 

(a)

 

similar party

 

rate of interest, collateral, par, or maturity value

 

(e) Current value

 

 

 

 

 

 

 

 

 

 

 

MUTUAL FUNDS (CONTINUED):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Perkins

 

Mid Cap Value Index Fund

 

58,542

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Equity Index 500 Fund

 

855

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement Income Fund

 

277

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement 2005 Fund

 

89

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement 2010 Fund

 

192,707

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement 2015 Fund

 

6,445

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement 2020 Fund

 

768

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement 2025 Fund

 

43

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement 2030 Fund

 

812

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement 2035 Fund

 

163

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement 2040 Fund

 

6,433

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement 2045 Fund

 

173

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price

 

Retirement 2050 Fund

 

268

 

 

 

 

 

 

 

 

 

 

 

Total Mutual Funds

 

 

 

2,527,807

 

 

 

 

 

 

 

 

 

 

 

PARTICIPANT LOANS:

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Participants

 

Loans with interest rates ranging from
5.0% to 10.5%. Maturities through 2015.

 

655,239

 

 

 

 

 

 

 

 

 

 

 

TOTAL ASSETS (HELD AT END OF YEAR)

 

 

 

$

23,742,741

 

 


*

 

Party-in-interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: Column (d) cost is not required for participant-directed investments.

 

 

 

 

10



Table of Contents

 

SIGNATURE

 

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Thrift Plan Committee of Caribbean Refrescos, Inc. has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

CARIBBEAN REFRESCOS, INC. THRIFT PLAN
(Name of Plan)

 

 

 

Date: June 25, 2009

 

/s/ Cándido Collazo

 

 

Cándido Collazo

 

 

Chairman, Thrift Plan Committee of Caribbean Refrescos, Inc.

 

11



Table of Contents

 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

23

 

Consent of Independent Registered Public Accounting Firm

 


EX-23 2 a09-16757_2ex23.htm EX-23

Exhibit 23

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We consent to the incorporation by reference in the registration statement listed below of our report dated June 25, 2009, with respect to the statements of net assets available for benefits of the Caribbean Refrescos, Inc. Thrift Plan as of December 31, 2008 and 2007, the related statement of changes in net assets available for benefits for the year ended December 31, 2008, and the related supplemental schedule of  schedule H, line 4i — schedule of assets (held at end of year) as of December 31, 2008, which report appears in the annual report on Form 11-K of the Caribbean Refrescos, Inc. Thrift Plan for the year ended December 31, 2008:

 

Registration Statement No. 33-26251 on Form S-8, dated December 20, 1988

 

 

/s/ BANKS, FINLEY, WHITE & CO.

June 25, 2009

College Park, Georgia

 


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