Annual Report 2010 - Baltika Breweries

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54 Baltika Breweries | Annual report 2010 The main tasks of the Board of Directors include:
Hans Kasper Madsen Born 1961, higher education Member of the Board of Directors since 2008 Holds positions in the following organizations: • Carlsberg Breweries A/S, Senior Vice President, Operations • Danish Malting Group A/S, member of the Board of Directors Corporate Governance Ulrik Andersen Born 1965, higher education Member of the Board of Directors since 2009 Holds a position in the following organization: • Carlsberg Breweries A/S, General Counsel & Vice President Legal Counselling and Risk Management • Baltic Beverages Holding AB, member of the Board of Directors The Company’s Board of Directors consists of seven members, including two independent directors. During the reporting period, the membership of the Company’s Board of Directors underwent the following changes: on April 8 th , 2010 Alexander Izosimov was replaced by Vladislav Grib. During 2010, 17 meetings of the Company’s Board of Directors were conducted — both in person and via absentee voting. Vladislav Grib Independent Director Born 1972, higher education Member of the Board of Directors since 2010 Holds positions in the following organizations: • The Russian Academy of Legal Sciences, Chairman of the Executive Committee • Yurist (Lawyer) Publishing Group Ltd, Editor-in-Chief • The Federal Chamber of Russian Federation Lawyers, Vice President • Head of the Civil Society Chair at the Moscow State Institute of International Relations, MFA, RF Alexander Shokhin Issues considered at meetings of the Company’s Board of Directors included the following: Approving the Company’s strategic development plans; Approving launch of new products, including: Old Bobby beer, Somersby cider and Zhivoy Ruchey drinking water; Concluding licensing agreements; Approving the 2011 Company budget. Independent Director Born 1951, higher education Member of the Board of Directors since 2008 Holds positions in the following organizations: • RUIE, President • The State University — Higher School of Economics, President • Lukoil OJSC, member of the Board of Directors • Fortum OJSC, member of the Board of Directors • Russian Railways OJSC, member of the Board of Directors • TMK OJSC, member of the Board of Directors • TNK-BP Limited OJSC, member of the Board of Directors • Novorossiysk Sea Trade Port OJSC, member of the Board of Directors 55
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Contents PRESIDENT’ STATEMENT . .
Page 5 and 6: President’s Statement Dear Ladies
Page 7 and 8: The Company in 2010 agencies, Balti
Page 9 and 10: Company’s Philosophy The Winning
Page 11 and 12: Main Events of 2010 July July 9 th
Page 13 and 14: Beer Market. The Company’s Positi
Page 19 and 20: Brand Portfolio Beer brands Super p
Page 21 and 22: Baltika No. 20 Jubilee Baltika No.
Page 23 and 24: Brand Portfolio The Company intends
Page 25 and 26: Brand Portfolio Each of these award
Page 27 and 28: Financial Position In 2010, an unpr
Page 29 and 30: Financial Position Liquidity and ef
Page 31 and 32: Key Projects Logistics The Company
Page 33 and 34: Key Projects Quality Management Sys
Page 35 and 36: Key Projects Renovating Grain Stora
Page 37 and 38: Key Projects Professional Awards Th
Page 39 and 40: The Company’s philosophy is based
Page 41 and 42: Corporate Social Responsibility Lab
Page 43 and 44: Corporate Social Responsibility In
Page 45 and 46: Corporate Social Responsibility Ear
Page 47 and 48: Corporate Social Responsibility Com
Page 49 and 50: Taxes Corporate Social Responsibili
Page 51 and 52: Baltika adheres to best practice co
Page 53 and 54: Anton Artemiev President Governance
Page 55: Corporate Governance Decreasing cha
Page 59 and 60: Corporate Governance The Audit Comm
Page 61 and 62: Corporate Governance Credit risk ma
Page 63 and 64: Securities Shares in Circulation Th
Page 65 and 66: Securities Dividend Policy The Comp
Page 67 and 68: Contents Independent Auditors’ Re
Page 69 and 70: Consolidated Statement of Financial
Page 71 and 72: Consolidated Statement of Comprehen
Page 73 and 74: Consolidated Statement of Cash Flow
Page 75 and 76: Notes to the Consolidated Financial
Page 93 and 94: (ii) Interest rate risk Changes in
Page 97 and 98: 2010 Corporate Transactions that ar
Page 99 and 100: Date and Approval Authority No Cont
Page 101 and 102: Date and Approval Authority No Cont
Page 103 and 104: Information for Shareholders and In
Page 105 and 106: Сontact Information To arrange a g
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Annual Report 2010 - Baltika Breweries

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