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Note 5. Income Tax Expense continued
c) Australian tax consolidation continued
In preparing the financial statements for CCA, the following amounts have been recognised as tax consolidation compensation adjustments –

CCA Entity

Total increase/(decrease) in amounts receivable from subsidiaries

2007
$M
107.2
(2.3)
(41.6)
Total (decrease)/increase in amounts payable to subsidiaries

$M

Note 6. Discontinued Operation
a) Details of the disposed business

On 20 August 2007, CCA announced that it had signed a formal sale and purchase agreement with LG Household & Health Care Ltd (LGH&H) for the sale of
CCA’s South Korean business. The disposal of the South Korean business was completed on 24 October 2007, on which date control of the business passed
to LGH&H.

The following subsidiaries were disposed of and are therefore included as part of the discontinued operation as reported in this financial report –

CCKBC (Netherlands) Holding I BV;
CCKBC (Netherlands) Holding II BV; and
Coca-Cola Korea Bottling Company, Ltd.

Refer to Note 31 for further details.

b) Financial performance of the disposed business

The results of the discontinued operation for the year until disposal (and full year comparatives) are presented as follows –

Refer 2007 2006
Note $M $M

Revenues, excluding finance income

482.0
(536.7)
4.7
(59.4)
(54.7)
(6.5)
0.5
(6.0)
(60.7)
–
3.8
3.8
(1.3)
(55.6)
(56.9)
716.0

Expenses, excluding finance costs

(739.1)
Earnings before interest and tax

Before significant items

18.0
Significant items1
(41.1)
2

(23.1)
Net finance costs

Finance cost

(11.5)
Finance income
2.6

(8.9)
Loss from discontinued operation before income tax 5b)

(32.0)
Income tax benefit –

Before significant items
Significant items1

–

5a)

(Loss)/profit from discontinued operation after income tax

Before significant items
Significant items1

(41.1)
(31.2)
Refer to the following page for footnote details.