CREDIt RAtING OF ANADOLU EFES

6. Capital Expenditures
Total net cash used in investing activities for property,
plant, equipment and intangible purchases, acquisition
of subsidiaries (net of cash acquired) and capital
increase in subsidiaries by minority shareholders are
amounting to TRL 604,280,000.
7. Incentives
Within the framework of the new incentive legislation,
the Company has several investment incentives on a
regional basis. In addition, Anadolu Efes benefits from
several incentives for exports and operations based in
foreign countries as it is a member of the “Turquality”
programme initiated by the Undersecretariat of the
Prime Ministry for Foreign Trade.
8. Information Related to Employees
The average number of employees for the years
ended on 31.12.2010 and 31.12.2009 are as follows
(numbers represent the employees of the companies
that are being consolidated):
132
2009 2010
15,122 15,202
The collective bargaining agreement between the
Company and Tek Gıda İş Labor Union for the period
01.09.2009- 31.08.2011 was signed on 09.10.2009.
Accordingly;
• For the year of the collective bargaining agreement,
hourly wages will increase by 8.95 percent on average,
• In the second year of the agreement, Consumer
Price Index announced by the Turkish Statistical
Institute will be used to determine the wage increases,
• In the first year of the agreement, an 8.72 percent
increase in the social benefits will be made,
• In the second year of the agreement, Consumer
Price Index announced by the Turkish Statistical
Institute will be used for social benefit increase.
9. Donations
The Company’s total consolidated donations to taxexempt
foundations amounted to TL 23,201,078.00
in 2010.
10. Research & Development
The Company’s research and development on
barley, which is used in the production of malt (main
ingredient of beer), continues since 1982. While 13
kinds of barley developed during this period have
been registered, three other kinds, for which the
Company made an application in 2008, were passed
the registration trials with the Ministry of Agriculture
and registration for these kinds are expected.
In line with these research and development activities,
regional productivity of barley has been increased
by up to 30 percent together with enhancement on
quality.
11. Organizational Structure
Anadolu Efes - Turkey Beer Operations
Tuğrul Ağırbaş - Efes Turkey General Manager
The CV of Tuğrul Ağırbaş is on Page 38.
Dilek Başarır - Marketing Director
Dilek Başarır holds a bachelor’s degree in Business
Administration from Boğaziçi University. Dilek Başarır
began her career as a Group Product Supervisor in
EFPA at Anadolu Efes in 1999. She had served as the
Product Manager of various brands from 1999 to 2005
within the EFPA organization. Dilek Başarır serves as
the Marketing Director of Turkey Beer Operations
since November 2005.
Ertan Cüceloğlu - Sales Director
Holding a bachelor’s degree in Economics from Middle
East Technical University, Ertan Cüceloğlu began his
career as a Marketing Specialist in Erciyas Brewery