Annual Report 2001 - Carlsberg Group

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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.
86 Notes to the Accounts Notes to the Accounts (DKK million) 31.12.01 31.12.00 13 Stocks: Group: Raw materials and consumables 1,014 662 Work in progress 222 150 Finished goods of own production and goods purchased for resale 1,589 1,117 Contract work in progress for the account of third parties 40 48 2,865 1,977 Contract work in progress for the account of third parties is stated at the appropriate proportion of the contract price DKK 928m (31.12.2000: DKK 300m) less payments received on account, DKK 888m (31.12.2000: DKK 252m). Accumulated profit on work in progress has been included in the amount of DKK 91m (31.12.2000: DKK 52m). 14 The quoted value of shares and bonds owned by the Group at 31 December 2001 exceeds the book value by 0m (31.12.2000: DKK 1m). 15 Equity Share capital Share premium Movements in equity in the financial year: account Reserves Total Group 2001 Equity at 1 January 1,278 5,058 4,295 10,631 Profit for the year - - 2,616 2,616 Write-off of goodwill, including prior year adjustment - - -1,598 -1,598 Changes in minority interests - - -756 -756 Currency translation adjustments, etc. - - 160 160 Other adjustments relating to Group companies - - -34 -34 Addition of Orkla’s beverage activities, net - 1,129 685 1,814 Share premium account brought forward to reserves - -6,187 6,187 0 Proposed dividend, Carlsberg A/S - - -320 -320 Equity at 31 December 1,278 0 11,235 12,513 Parent Company 2001 Equity at 1 January 2001 1,278 - 7,702 8,980 Profit for the year - - 1,507 1,507 Write-off of goodwill - - -771 -771 Other adjustments of equity - - -72 -72 Currency translation adjustments, etc - - 96 96 Addition relating to Orkla’s beverage activities, net - - -1,361 -1,361 Proposed dividend - - -320 -320 Equity at 31 December 2001 1,278 - 6,781 8,059 Parent Company 2000 Equity at 1 January 1,278 - 9,113 10,391 Profit for the year - - 2,133 2,133 Write-off of goodwill - - -3,628 -3,628 Other adjustments - - 429 429 Proposed dividend - - -345 -345 Equity at 31 December 1,278 - 7,702 8,980 DKK 35m of Reserves are reserved for own shares. 16 Share capital: Number of shares Nominal Share capital comprises: of DKK 20 value A-shares 35,257,090 705 B-shares 28,649,192 573
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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
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26 Carlsberg Breweries Carlsberg Br
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28 Consolidation and Growth Consoli
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30 Consolidation and Growth Carlsbe
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32 Regional Reports - Western Europ
Page 37 and 38: 34 Regional Reports - Western Europ
Page 39 and 40: 36 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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