UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_____________
FORM
11-K
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Table
of Contents
|
|
Page
|
|
Report
of Independent Registered Public Accounting Firm
|
1
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Statements
of Net Assets Available for Benefits
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2
|
Statement
of Changes in Net Assets Available for Benefits
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3
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Notes
to Financial Statements
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4
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Supplemental
Schedule
|
|
Schedule
H, line 4i - Schedule of Assets (Held at End of Year)
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11
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2004
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2003
|
||||||
ASSETS
|
|||||||
Investments
(Notes 3 and 4)
|
$
|
1,371,705,245
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$
|
1,565,707,561
|
|||
Accrued
interest receivable
|
124,515
|
114,549
|
|||||
Due
from broker for securities sold
|
283,524
|
534,742
|
|||||
NET
ASSETS AVAILABLE FOR BENEFITS
|
$
|
1,372,113,284
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$
|
1,566,356,852
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Additions
to net assets attributed to:
|
||||
Investment
income:
|
||||
Dividend
income
|
$
|
20,324,857
|
||
Interest
income
|
14,329,896
|
|||
Total
investment income
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34,654,753
|
|||
Contributions:
|
||||
Employer
|
18,319,214
|
|||
Participants
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50,990,176
|
|||
Rollovers
from other qualified plans
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1,667,342
|
|||
Total contributions
|
70,976,732
|
|||
Total
additions
|
105,631,485
|
|||
Deductions
from net assets attributed to:
|
||||
Net
depreciation in fair value of investments (Note 3)
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154,429,925
|
|||
Distributions
to Participants
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145,404,318
|
|||
Administrative
expenses
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40,810
|
|||
Total
deductions
|
299,875,053
|
|||
Net
decrease in net assets available for benefits
|
(194,243,568
|
)
|
||
Net
assets available for benefits, beginning of year
|
1,566,356,852
|
|||
NET
ASSETS AVAILABLE FOR BENEFITS, END OF YEAR
|
$
|
1,372,113,284
|
(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)
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The
minimum loan amount is $1,000.
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(c)
|
The
loan interest rate
is the prime rate as published in The
Wall Street Journal
on
the business day prior to the day the loan is
requested.
|
(d) | The loan repayment period is limited to 5 years for a general purpose loan and 15 years for a loan used to purchase or build a principal residence. |
(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.
|
2004
|
2003
|
||||||
Participant-directed
investments
|
$
|
921,882,238
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$
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983,979,981
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|||
Nonparticipant-directed
investments
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449,823,007
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581,727,580
|
|||||
$
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1,371,705,245
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$
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1,565,707,561
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2004
|
2003
|
||||||
Common
stock of The Coca-Cola Company
|
$
|
829,835,482
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$
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1,082,081,553
|
|||
Merrill
Lynch Retirement Preservation Trust
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125,312,273
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122,875,844
|
|||||
Barclay’s
S&P 500 Stock Fund
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114,510,304
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103,940,061
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Common
stock of The Coca-Cola Company
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$
|
(185,667,313
|
)
|
|
|||
Mutual
funds
|
31,237,388
|
||||||
$
|
(154,429,925
|
)
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December
31,
2004
|
December
31,
2003
|
||||||
Net
assets, at fair value:
|
|||||||
Common
stock of The Coca-Cola Company
|
$
|
449,823,007
|
$
|
581,727,580
|
|||
|
Year
Ended
December 31, 2004
|
|
|||||
Changes
in net assets:
|
|||||||
Contributions
|
$
|
18,319,214
|
|||||
Dividends
|
11,022,033
|
||||||
Net
depreciation
|
(100,798,442
|
)
|
|||||
Distributions
to Participants
|
(51,813,327
|
)
|
|||||
Transfers
to other investment funds
|
(8,634,051
|
)
|
|||||
Net
decrease
|
$
|
(131,904,573
|
)
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Shares
|
Fair
Value
|
Realized
Gain
|
||||||||
Purchases
|
1,394,712
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$
|
65,403,530
|
-
|
||||||
Sales
|
2,787,710
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$
|
131,982,288
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$
|
54,543,301
|
|||||
Dividends
Received
|
-
|
$
|
20,324,857
|
-
|
Shares
|
Fair
Value
|
|||||||||
December
31, 2004
|
19,928,806
|
$
|
829,835,482
|
|
||||||
December
31, 2003
|
21,321,804
|
$
|
1,082,081,553
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Schedule
H, line 4i - Schedule of Assets (Held at End of Year)
|
December
31, 2004
|
(c)
Description of investment
|
|||||||||||
(b)
Identity of issue,
|
including
maturity date,
|
||||||||||
borrower,
lessor or
|
rate
of interest, collateral,
|
(e)
Current
|
|||||||||
(a) |
similar
party
|
par,
or maturity value
|
(d)
Cost
|
value
|
|||||||
MONEY
MARKET FUNDS:
|
|||||||||||
* |
Merrill
Lynch Investment Managers
|
Government
Fund
|
$
|
6,248,635
|
$
|
6,248,635
|
|||||
* |
Merrill
Lynch Investment Managers
|
Cash
Management Account
|
2,417,842
|
2,417,842
|
|||||||
Total Money Market Funds
|
8,666,477
|
8,666,477
|
|||||||||
COMMON
STOCK:
|
|||||||||||
* |
The
Coca-Cola Company
|
Common
Stock
|
511,247,192
|
829,835,482
|
|||||||
COLLECTIVE
TRUST FUND:
|
|||||||||||
* |
Merrill
Lynch Investment Managers
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Retirement
Preservation Trust
|
125,312,273
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125,312,273
|
|||||||
MUTUAL
FUNDS:
|
|||||||||||
AIM
Advisors, Inc.
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Blue
Chip Fund
|
5,694,813
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6,028,186
|
||||||||
Ariel
Capital Management, Inc.
|
Premier
Bond Fund
|
3,594,048
|
3,531,495
|
||||||||
Barclay's
Global Investors
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S&P
500 Stock Fund
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99,871,227
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114,510,304
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||||||||
Calvert
Asset Management Co., Inc.
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Income
Fund
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17,376,622
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17,253,242
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||||||||
Davis
Selected Advisers, L.P.
|
New
York Venture Fund
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20,969,885
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25,252,356
|
||||||||
Delaware
Management Company
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Delaware
Trend Fund
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13,792,740
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16,541,781
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||||||||
The
Dreyfus Corporation
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Premier
Third Century Fund
|
699,637
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733,540
|
||||||||
Federated
Global Investment Mgt. Corp.
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International
Equity Fund
|
992,387
|
1,222,753
|
||||||||
Fidelity
Investments
|
Advisor
Diversified International Fund
|
7,930,391
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9,851,293
|
||||||||
ING
Investments, LLC
|
International
Value Fund
|
13,220,067
|
16,213,601
|
||||||||
ING
Investments, LLC
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International
Small Cap Fund
|
5,546,585
|
7,135,360
|
||||||||
* |
Party-in-interest
|
Schedule
H, line 4i - Schedule of Assets (Held at End of Year)
|
December
31, 2004
|
(c)
Description of investment
|
|||||||||||
(b)
Identity of issue,
|
including
maturity date,
|
||||||||||
borrower,
lessor or
|
rate
of interest, collateral,
|
(e)
Current
|
|||||||||
(a) |
similar
party
|
par,
or maturity value
|
(d)
Cost
|
value
|
|||||||
|
|||||||||||
MUTUAL
FUNDS (CONTINUED):
|
|||||||||||
* |
Merrill
Lynch Investment Managers
|
Strategy
Long-Term Growth Fund
|
31,244,165
|
34,217,235
|
|||||||
* |
Merrill
Lynch Investment Managers
|
Strategy
All-Equity Fund
|
10,467,902
|
11,813,821
|
|||||||
* |
Merrill
Lynch Investment Managers
|
Strategy
Growth and Income Fund
|
8,609,381
|
9,187,928
|
|||||||
* |
Merrill
Lynch Investment Managers
|
Small
Cap Index Fund
|
7,376,136
|
9,249,899
|
|||||||
* |
Merrill
Lynch Investment Managers
|
Aggregate
Bond Index Fund
|
11,879,613
|
11,866,896
|
|||||||
* |
Merrill
Lynch Investment Managers
|
International
Index Fund
|
3,604,221
|
4,491,601
|
|||||||
* |
Merrill
Lynch Investment Managers
|
Basic
Value Fund
|
17,143,428
|
19,087,688
|
|||||||
* |
Merrill
Lynch Investment Managers
|
Fundamental
Growth Fund
|
9,909,223
|
10,545,425
|
|||||||
* |
Merrill
Lynch Investment Managers
|
Value
Opportunities Fund
|
20,672,915
|
24,529,640
|
|||||||
Pacific
Investment Mgt. Co. (PIMCO)
|
Small
Cap Value Fund
|
13,191,621
|
14,921,364
|
||||||||
Pacific
Investment Mgt. Co. (PIMCO)
|
Total
Return Fund
|
14,127,069
|
14,070,240
|
||||||||
Pioneer
Investment Management, Inc.
|
Pioneer
Fund
|
4,432,342
|
4,992,099
|
||||||||
Pioneer
Investment Management, Inc.
|
Small
Company Fund
|
2,931,987
|
3,206,792
|
||||||||
Thornburg
Investment Management, Inc.
|
International
Value Fund
|
201,033
|
206,419
|
||||||||
Total Mutual Funds
|
345,479,438
|
390,660,958
|
|||||||||
PARTICIPANT
LOANS:
|
|||||||||||
* |
Loans
to Participants
|
Loans
with interest rates ranging from
|
|||||||||
|
4.0%
to 11.5%. Maturities through
2019.
|
-
|
17,230,055
|
||||||||
TOTAL
ASSETS (HELD AT END OF YEAR)
|
$
|
990,705,380
|
$
|
1,371,705,245
|
|||||||
* |
Party-in-interest
|
THE
COCA-COLA COMPANY
|
THRIFT
& INVESTMENT PLAN
(Name
of Plan)
|
By:
/s/ Barbara S.Gilbreath
Barbara S. Gilbreath
Member, The Coca-Cola Company Benefits Committee
|
Exhibit
No.
|
Description
|
23
|
Consent
of Independent Registered Public Accounting
Firm
|