Quarterly Financial Statement as at 30 September 2001 ... - Euroland

Movements in Group equity
Group equity as at 31.12.00 10,631
Group profit 2,111
Influx of Orkla’s beverage activities, incl. minority 1,595
Dissolution of Coca-Cola Nordic Beverages (CCNB) incl.
disposal minority -345
Currency translation adjustments, etc. -309
Write-off of Group goodwill -1,179
Group equity as at 30.09.01 12,504
Minority interests as at 30.09.01 4,379
Carlsberg A/S' share of equity as at 30.09.01 8,125
The minority interests’ share of the equity amounted to DKK 4,379m against DKK
1,651m as at 31.12.00. The increase is primarily related to Orkla's 40% ownership
of Carlsberg Breweries A/S.
The accounting policies applied remain unchanged from the annual accounts
for 1999/00 although minor reclassifications have been made due to, inter alia, the
inclusion of Orkla’s beverage activities as at 1 January 2001. For comparison with
last year, please note the changes in the Group‘s structure, including the addition
of Orkla’s beverage activities and the changes in the cola business in the Nordic
countries.
Carlsberg's Asian activities are not yet included in Carlsberg Asia Holding Ltd. due
to legal matters and pending authority approvals, and the results included in the
accounts are therefore based on Carlsberg’s legal structure in Asia prior to the
establishment (as in 2000). As soon as Carlsberg's companies/activities as well as
the joint venture partner's Thai company are included in Carlsberg Asia Holding
Ltd, the accounts will reflect this new legal structure as of January 2002.
Comments on developments in the past period
Profit & Loss Account
Compared to last year, the period witnessed a 16% and 31% increase in the
Carlsberg Group’s sale of beer and soft drinks. Net turnover amounts to DKK
25,954m against DKK 21,379m in the same period last year (+21%). Most of the
increase is due to Eastern Europe and the acquisition of Feldschlösschen and
Türk Tuborg.
Quarterly Financial Statement
1.11.2001
Carlsberg A/S Q3 Report 2001
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