Part A
1. CCA delivered a record net profit after tax for the 2007 full year of $367.6 million (increase of 17.2% on 2006). Earnings before interest and tax (EBIT) increased by $85.9 million, or 15.3%, to $648.4 million. Earnings per share (EPS), before significant items, increased by 12.5% to 48.6 cents per share. Operating cash flow increased by $55.5 million to $523.9 million as a result of improved earnings. For the full year, the total fully dividend((declared by the board of the directors and paid to owners of the shares) was 35.5 cents a share, a 9.2% increase on last year, representing a payout ratio of 73.0% of net profit (CCA spent 73% of earnings (net profit) paying dividends), before significant items. CCA has been achieved through these business drivers such as: Broaden the portfolio in beverages market in Australia and New Zealand; improvement the major IT infrastructure to re-engineer business processes and create a world-class operating system…These ratios proved for the success year of Coca-Cola Amaltil(CCA). The business of CCA continue expanding in the near future.
2. In auditor independence declaration, there have been no contraventions of the auditor independence requirements of the Corporations Act 2001 or any applicable code of professional conduct.
The provision of non-audit services is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001. The nature and scope of each type of non-audit service provided means that auditor independence was not compromised.
3. The main principles and practices are as follows :
• Remuneration will be competitively set to attract, motivate and retain
top calibre executives;
• Remuneration will incorporate, ...