Annual Report 2001 - Carlsberg Group

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Notes to the Accounts 83 Notes to the Accounts (DKK million) 2001 1999/00 (15 months) 9 Corporation tax comprises: Parent Company’s share of tax on profit for the financial year 47 43 Deferred tax 17 - Adjustment for previous years -9 4 Adjustments for previous years, deferred tax -28 - Tax charge for Parent Company, adjusted 27 47 Parent Company’s share of tax in subsidiaries, cf. note 4 415 695 Parent Company’s share of tax in associated companies, cf. note 4 4 63 Parent Company’s share of Group tax 446 805 Minority shareholders’ share of Group tax 297 123 Group 743 928 In the financial year, corporation taxes paid amounted to DKK 839m for the Group (1999/00: DKK 753m) and DKK 28m (1999/00: DKK -76m) including taxes paid outside Denmark. The Parent Company and its Danish subsidiaries participate in the tax on account scheme. Reconciliation of tax rate: Tax rate in Denmark 30.0% Difference in tax rate, foreign subsidiaries -3.6% Non-taxable income and non-tax deductible expenses -3.4% Prior year tax adjustment -1.0% Other 0.1% Effective tax rate for the year 22.1% 10 Tangible fixed assets: Plant Other Land and and fixtures and Construction buildings machinery fittings, etc. in progress Group: Cost Cost at 1 January 2001 8,965 13,698 7,081 476 Additions relating to acquisition/contribution of companies 2,716 6,241 1,453 955 Additions during the year 579 1,471 561 1,493 Disposals relating to divestment of companies 1,684 1,597 1,603 98 Disposals during the year 752 907 1,461 293 Currency translation adjustments, etc. 63 207 203 40 Transfers 533 440 1 -974 Cost at 31 December 2001 10,420 19,553 6,235 1,599 Revaluation Revaluation at 1 January 2001 949 588 15 0 Revaluation and write-downs for the year 1 153 6 - Currency translation adjustments, etc. 18 15 - - Revaluation at 31 December 2001 968 756 21 0 Depreciation and write-downs Depreciation and write-downs at 1 January 2001 3,109 8,302 3,866 0 Additions relating to acquisition of companies 796 3,885 873 - Depreciation and write-downs for the year 287 1,363 574 - Disposals relating to divestment of companies 303 567 766 Depreciation and write-downs eliminated on disposals during the year 274 691 1,198 - Currency translation adjustments, etc. 72 52 -154 - Transfers 18 -18 - - Depreciation and write-downs at 31 December 2001 3,705 12,326 3,195 0 Book value at 31 December 2001 7,683 7,983 3,061 1,599 The book value of land and buildings in Denmark amounted to DKK 1,846m (31.12.2000: DKK 1,810m). The value of property in Denmark as assessed for tax purposes amounted to DKK 4,840m at 1 January 2001 (31.12.2000: DKK 3,542m)
84 Notes to the Accounts Notes to the Accounts (DKK million) 10 Tangible fixed assets: Plant Other Land and and fixtures and Construction buildings machinery fittings, etc. in progress Parent Company: Cost Cost at 1 January 2001 853 79 7 30 Transferred from subsidiaries 55 - - 94 Additions during the year 142 - - 647 Disposals during the year 80 - - 267 Transfers 270 4 - -274 Cost at 31 December 2001 1,240 83 7 230 Depreciation and write-downs Depreciation and write-downs at 1 January 2001 416 67 3 - Disposals relating to divestment - - - - Depreciation and write-downs for the year 17 7 2 - Depreciation and write-downs eliminated on disposals during the year -21 - - - Depreciation and write-downs at 31 December 2001 412 74 5 0 Book value at 31 December 2001 828 9 2 230 The value of land and buildings in Denmark as assessed for tax purposes at 1 January 2001 aggregated DKK 2,829m (31.12.2000: DKK 1,840m). 11 Fixed asset investments: Associated Other companies securities and Participating participating Other interests Loans interests loans Group: Cost Cost at 1 January 2001 783 356 657 2,089 Additions relating to acquisition of companies 40 - 49 75 Additions during the year 962 23 1,136 671 Disposals during the year 1,069 - 196 559 Currency translation adjustments, etc. - - -43 -8 Cost at 31 December 2001 716 379 1,603 2,268 Value adjustments Value adjustments at 1 January 2001 -180 - 12 - Additions relating to acquisition of companies 40 - - - Additions during the year -380 - - - Share of profit for the year 28 - - - Dividends received -14 - - - Disposals during the year -2 - - - Group goodwill, currency translation adjustments, etc. 558 - 3 - Value adjustments at 31 December 2001 50 - 15 - Depreciation and write-downs Depreciation and write-downs at 1 January 2001 129 161 48 255 Additions relating to acquisition of companies 0 - 3 0 Additons during the year 4 - - - Depreciation and write-downs for the year 15 155 - 18 Disposals during the year 7 - 6 16 Currency translation adjustments, etc. - - 1 19 Depreciation and write-downs at 31 December 2001 141 316 46 276 Book value at 31 December 2001 625 63 1,572 1,992 Other loans mainly relate to on-trade loans in subsidiaries. The quoted value of other stock-exchange listed shares of the Group at 31 December 2001 exceeds the book value by DKK 368m (31.12.2000: DKK 40m)
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Report and Accounts 2001
Page 3 and 4:
A Brief Presentation ▲ ▲ A Brie
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2 Letter to the Shareholders Letter
Page 7 and 8:
4 Letter to the Shareholders lows t
Page 9 and 10:
6 Highlights and Key Figures, 5-yea
Page 13 and 14:
10 Report for 2001 Report for 2001
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12 Report for 2001 CCNB and AD amou
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14 Report for 2001 Asia: DKK millio
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16 Organisation and Group Companies
Page 21 and 22:
18 Corporate Governance ments, rais
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20 Shareholder Information Sharehol
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22 Shareholder Information Analysts
Page 29 and 30:
26 Carlsberg Breweries Carlsberg Br
Page 31 and 32:
28 Consolidation and Growth Consoli
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30 Consolidation and Growth Carlsbe
Page 35 and 36: 32 Regional Reports - Western Europ
Page 41 and 42: 38 Regional Reports - Eastern Europ
Page 43 and 44: 40 Regional Reports - Eastern Europ
Page 45 and 46: 42 Regional Reports - Asia Asia COU
Page 47 and 48: 44 Regional Reports - Asia position
Page 51 and 52: 48 Corporate Centre Corporate Centr
Page 53 and 54: 50 Corporate Centre UEFA Cup final,
Page 55 and 56: 52 Corporate Centre volvement in th
Page 57 and 58: 54 Corporate Supply Chain Corporate
Page 59 and 60: 56 Corporate Supply Chain dustry in
Page 61 and 62: 58 Carlsberg Research Center Carlsb
Page 63 and 64: 60 Carlsberg Properties and Foundat
Page 68 and 69: Accounts for 2001 65 Accounts for 2
Page 70 and 71: Financial Review of the Carlsberg G
Page 78 and 79: Accounting Policies 75 Turnover Sal
Page 80 and 81: Profit and Loss Account 2001 77 Pro
Page 82 and 83: Balance Sheet 79 Balance Sheet as a
Page 84 and 85: Notes to the Accounts 81 Notes to t
Page 92 and 93: Noter 89 Notes to the Accounts (DKK
Page 94 and 95: Turnover, Operating Profit and Equi
Page 96 and 97: Group Companies 93 Group Companies
Page 98 and 99: Auditors’ Report 95 Auditors’ R
Page 100 and 101: ▲ Board of Directors and Executiv
Page 102: Carlsberg A/S CVR No. 61056416 1, V
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Annual Report 2001 - Carlsberg Group

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