- Page 1 and 2: ANADOLU EFES ANNUAL REPORT 2010
- Page 3 and 4: Commencing its operations in 1969 w
- Page 5 and 6: An International Powerhouse… Reac
- Page 7 and 8: owned. The majority shareholders, Y
- Page 9 and 10: Soft Drinks Group Anadolu Efes cond
- Page 11 and 12: ANADOLU EFES ANNUAL REPORT 2010 09
- Page 13 and 14: Turkey Syria Jordan Georgia Iraq Az
- Page 15 and 16: CAPItAL AND ShAREhOLDING StRUCtURE
- Page 17 and 18: A pioneer in the beverage industry
- Page 19 and 20: (1996). • Assets of Toros Biracı
- Page 21 and 22: • CCİ reached an agreement to un
- Page 23 and 24: • Kazakhstan’s first bottled dr
- Page 25 and 26: ANADOLU EFES ANNUAL REPORT 2010 23
- Page 27 and 28: ANADOLU EFES ANNUAL REPORT 2010 25
- Page 29 and 30: We strengthened our position furthe
- Page 31 and 32: guidance we forecasted that our 201
- Page 33: cases in 2010. While we realized st
- Page 37 and 38: authored more than 20 books and hun
- Page 39 and 40: Chief Financial officer N. orhun K
- Page 41 and 42: Ömer Öğün - Efes Kazakhstan Gen
- Page 43 and 44: Berke Kardeş - Commercial Director
- Page 45 and 46: N. orhun Köstem - Chief Financial
- Page 47 and 48: Özlem Aykaç İğdelipınar - Chie
- Page 49 and 50: We completed another successful yea
- Page 51 and 52: While responding to changing consum
- Page 53 and 54: Anadolu Efes has a 28 percent stake
- Page 55 and 56: eer “Gusta”; the aromatized bee
- Page 57 and 58: herlands-based EBI, which conducts
- Page 59 and 60: to a beer market that has quadruple
- Page 61 and 62: Expanding its market share and stre
- Page 63 and 64: SOFt DRINKS - International All ope
- Page 65 and 66: We add value to life… Anadolu Efe
- Page 67 and 68: contemporary enterprises that ident
- Page 69 and 70: economic and ethical priorities and
- Page 71 and 72: the Arabia CSR Network, was given t
- Page 73 and 74: developments and industrialization
- Page 75 and 76: environment and its contributions t
- Page 77 and 78: informed about the risks associated
- Page 79 and 80: first and only Turkish team to win
- Page 81 and 82: Anadolu Efes launched initiatives i
- Page 83 and 84: • does not feature content claimi
- Page 85 and 86:
The Company does not employ child l
- Page 87 and 88:
Continued rise in profitability in
- Page 89 and 90:
sales and distribution of beer prod
- Page 91 and 92:
5 percent extra price increase to c
- Page 93 and 94:
In such a challenging year, Turkey
- Page 95 and 96:
two Turkish banks; USD 100 million
- Page 97 and 98:
Turkey Operation’s full year volu
- Page 99 and 100:
TRL 435.0 million and EBITDA margin
- Page 101 and 102:
Summary Tables Anadolu Efes Consoli
- Page 103 and 104:
turkey Beer Operations Highlighted
- Page 105 and 106:
Soft Drink operations (CCİ) Highli
- Page 107 and 108:
The official website of the Company
- Page 109 and 110:
ANADOLU EFES ANNUAL REPORT 2010 107
- Page 111 and 112:
We believe in Corporate Governance
- Page 113 and 114:
Our Company complies with and has i
- Page 115 and 116:
Our Company’s Annual Report and A
- Page 117 and 118:
Investor Relations Manager under th
- Page 119 and 120:
section, when the date of the finan
- Page 121 and 122:
12. Disclosure of the Persons Entit
- Page 123 and 124:
stakeholders is one of the key poli
- Page 125 and 126:
career and financial means granted,
- Page 127 and 128:
of the Company’s management. In a
- Page 129 and 130:
systems are being made against any
- Page 131 and 132:
conducts studies for building up a
- Page 133 and 134:
C. NET REVENUES Turkey Beer Interna
- Page 135 and 136:
at Anadolu Efes. Mr. Cüceloğlu ap
- Page 137 and 138:
REPORT OF THE BOARD OF AUDITORS Com
- Page 139 and 140:
ANADOLU EFES BİRACILIK VE MALT SAN
- Page 141 and 142:
Opinion 4. In our opinion, the acco
- Page 143 and 144:
Anadolu Efes Biracılık ve Malt Sa
- Page 145 and 146:
Anadolu Efes Biracılık ve Malt Sa
- Page 147 and 148:
Anadolu Efes Biracılık ve Malt Sa
- Page 149 and 150:
Anadolu Efes Biracılık ve Malt Sa
- Page 151 and 152:
Anadolu Efes Biracılık ve Malt Sa
- Page 153 and 154:
Anadolu Efes Biracılık ve Malt Sa
- Page 155 and 156:
Anadolu Efes Biracılık ve Malt Sa
- Page 157 and 158:
Anadolu Efes Biracılık ve Malt Sa
- Page 159 and 160:
Anadolu Efes Biracılık ve Malt Sa
- Page 161 and 162:
Anadolu Efes Biracılık ve Malt Sa
- Page 163 and 164:
Anadolu Efes Biracılık ve Malt Sa
- Page 165 and 166:
Anadolu Efes Biracılık ve Malt Sa
- Page 167 and 168:
Anadolu Efes Biracılık ve Malt Sa
- Page 169 and 170:
Anadolu Efes Biracılık ve Malt Sa
- Page 171 and 172:
Anadolu Efes Biracılık ve Malt Sa
- Page 173 and 174:
Anadolu Efes Biracılık ve Malt Sa
- Page 175 and 176:
Anadolu Efes Biracılık ve Malt Sa
- Page 177 and 178:
Anadolu Efes Biracılık ve Malt Sa
- Page 179 and 180:
Anadolu Efes Biracılık ve Malt Sa
- Page 181 and 182:
Anadolu Efes Biracılık ve Malt Sa
- Page 183 and 184:
Anadolu Efes Biracılık ve Malt Sa
- Page 185 and 186:
Anadolu Efes Biracılık ve Malt Sa
- Page 187 and 188:
Anadolu Efes Biracılık ve Malt Sa
- Page 189 and 190:
Anadolu Efes Biracılık ve Malt Sa
- Page 191 and 192:
Anadolu Efes Biracılık ve Malt Sa
- Page 193 and 194:
Anadolu Efes Biracılık ve Malt Sa
- Page 195 and 196:
Anadolu Efes Biracılık ve Malt Sa
- Page 197 and 198:
Anadolu Efes Biracılık ve Malt Sa
- Page 199 and 200:
Anadolu Efes Biracılık ve Malt Sa
- Page 201 and 202:
Anadolu Efes Biracılık ve Malt Sa
- Page 203 and 204:
Anadolu Efes Biracılık ve Malt Sa
- Page 205 and 206:
Anadolu Efes Biracılık ve Malt Sa
- Page 207 and 208:
Anadolu Efes Biracılık ve Malt Sa
- Page 209 and 210:
Anadolu Efes Biracılık ve Malt Sa
- Page 211 and 212:
Anadolu Efes Biracılık ve Malt Sa
- Page 213 and 214:
Anadolu Efes Biracılık ve Malt Sa
- Page 215 and 216:
Anadolu Efes Biracılık ve Malt Sa
- Page 217 and 218:
Anadolu Efes Biracılık ve Malt Sa