CREDIt RAtING OF ANADOLU EFES

Anadolu Efes Biracılık ve Malt Sanayii Anonim Şirketi
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As at December 31, 2010
(Currency - Unless otherwise indicated thousands of Turkish Lira (TRL))
NOTE 2. BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS (continued)
2.3 Changes in Accounting Policies (continued)
Adoption of new and revised International Financial Reporting Standards (continued)
The amendments to the following standards and adoption of the following new interpretations below did not
have any impact on the accounting policies, financial position or performance of the Group:
• IFRS 1 (Amendment) “First Time Adoption of IFRS”
• IFRS 2 (Amendment) “Share-based Payment – Vesting Conditions and Cancellation”
• IFRS 5 (Amendment) “Non-current Assets Held for Sale and Discounted Operations”
• IAS 1 (Amendment) “Presentation of Financial Statements”
• IAS 36 (Amendment) “Impairment of Assets”
• IAS 39 “Financial Instruments: Recognition and Measurement – Eligible Hedged Items”
• IFRIC 16 “Hedges of a Net Investment in a Foreign Operation”
• IFRIC 17 “Distributions of Non-cash Assets to Owners”
• IFRIC 18 “Transfer of Assets from Customers”
Revised and amended standards and interpretations that are effective subsequent to December 31, 2010 and
do not have any impact on the financial position or performance of the Group:
• IFRS 1 (Amendment) “Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters”
(effective for annual periods beginning on or after July 1, 2010): IFRS 1 has been amended to allow first-time
adopters to utilise the transitional provisions in IFRS 7 and give relief from providing comparative information
in the first year of application.
• IFRS 9 “Financial Instruments” (effective for annual periods beginning on or after January 1, 2013): IFRS
9 introduces new requirements for classifying and measuring financial assets. The standard has not yet been
endorsed by the European Union (EU).
• IAS 12 (Amendment), “Income Taxes”: IAS 12 has been updated to include:
i) a rebuttable presumption that deferred tax on investment property measured using the fair value model in
IAS 40 should be determined on the bases that its carrying amount will be recovered through sale.
ii) a requirement that deferred tax on non depreciable assets, measured using the revaluation model in IAS 16,
should always be measured on a sale basis.
• IAS 24 (Revised) “Related Party Disclosures” (effective for annual periods beginning on or after January
1, 2011): The definition of a related party has been clarified and partial exemption from the disclosures for all
transactions of government-related entities with other government-related entities and government has been
included.
ANADOLU EFES ANNUAL REPORT 2010
153