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)
2.15 Business combinations and goodwill (continued)
The Group applies a policy of treating transactions with minority interests as transactions with equity owners of
the Group. Accordingly, for share purchases from minority interests, the difference between any consideration
paid and the relevant share acquired of the carrying value of the net assets of the subsidiary is accounted for
as an equity transaction.
2.16 Borrowings
All borrowings are initially recognized at cost, being the fair value of the consideration received net of issue
costs associated with the borrowing. After initial recognition, borrowings are subsequently measured at
amortized cost using the effective interest rate method. Amortized cost is calculated by taking into account
any issue costs, and any discount or premium on settlement. Gains and losses are recognized in net profit or
loss when the obligations related with the borrowings are removed.
Borrowings are classified as current liabilities unless the Group has an unconditional right to defer the settlement
of the liability for at least 12 months after the balance sheet date.
a) Finance Lease
Finance leases, which transfer to the Group substantially all the risks and benefits incidental to ownership of
the leased item, are capitalized at the inception of the lease at the fair value of the leased property or, if lower,
at the present value of the minimum lease payments.
Lease payments are apportioned between the finance charges and reduction of the lease liability so as to
achieve a constant rate of interest on the remaining balance of the liability. The initial direct costs attributable for
the finance lease are added to the amount recognized as an asset. Capitalized leased assets are depreciated
over the estimated useful life of the asset.
b) Operating Lease
Leases where the lessor retains substantially all the risks and benefits of ownership of the asset are classified
as operating leases. Operating lease payments are recognized as an expense in the income statement on a
straight-line basis over the lease term.
ANADOLU EFES ANNUAL REPORT 2010
163