Annual Report 2001 - Carlsberg Group

Notes to the Accounts
85
Notes to the Accounts
(DKK million)
11 Fixed asset investments: Subsidiaries Associated Other
companies
securities and
Participating Participating participating
interests Loans interests Loans interests
Parent Company:
Cost
Cost at 1 January 2001 7,317 118 233 310 90
Additions during the year 1 - 4 - -
Disposals during the year 66 - 1,020 - 23
Currency translation adjustments, etc. - - - - -
Transfers -913 - 913 - -
Cost at 31 December 2001 6,339 118 130 310 67
Value adjustments
Value adjustments at 1 January 2001 -1,316 - -148 0 -
Adjustment relating to additions from Orkla -1,361 - - - -
Share of profit for the year 1,192 - 0 - -
Dividend received - - -1 - -
Group goodwill, currency translation adjustments, etc. -1,151 - 577 - -
Transfers 380 - -380 - -
Value adjustments at 31 December 2001 -2,256 - 48 0 -
Depreciation and write-downs
Depreciation and write-downs at 1 January 2001 - 112 - 155 33
Depreciation and write-downs for the year - - - 155 -
Depreciation and write-downs at 31 December 2001 - 112 - 310 33
Book value at 31 December 2001 4,083 6 178 0 34
Loans to associated companies fall due after more than one year.
12 Holding of own shares: Number Nominal % of
of shares value share capital
Group:
Holding at 1 January 2001 200,000 4 0.3
Sold during the year 100,000 2 0.2
Purchased during the year by Carlsberg Breweries 100,000 2 0.2
Holding at 31 December 2001 200,000 4 0.3
The quoted value of own shares at 31 December 2001 amounted to DKK 70m.
The purchase of own shares during the year by Carlsberg Breweries A/S in the market at a price of DKK 39m has taken place to cover the
company’s share option programmes for the Executive Board and key managers.
Parent Company:
Holding at 1 January 2001 200,000 4 0.3
Sold during the year 100,000 2 0.2
Holding at 31 December 2001 100,000 2 0.2
The Parent Company has sold own shares in the market amounting to DKK 39m.