Annual Report 2010 - Baltika Breweries

Recommendations

Info

4 Baltika Breweries | Annual report 2010 The Company in 2010 Baltika Breweries was founded in St. Petersburg in 1990. The use of modern equipment and advanced technologies and standards made the Company a top quality producer. The Company became the leader in the Russian beer market in 1996 and has held this title ever since. Throughout its 20-year history, the Company has achieved dynamic growth by acquiring production facilities, commissioning new ones, expanding and upgrading existing facilities and broadening the Russian (as well as foreign) distribution networks. In 2006, Baltika Breweries merged with three large Russian beer producers — Vena, Pikra, and Yarpivo. Today, Baltika is the largest FMCG producer in Russia and Eastern Europe. The Company’s production facilities are located in 10 Russian cities, including: St. Petersburg, Yaroslavl, Tula, Voronezh, Rostov-on-Don, Samara, Chelyabinsk, Novosibirsk, Krasnoyarsk and Khabarovsk. In 2008, the Company purchased a brewery in Azerbaijan. The total production capacity of the facilities stands at 5.2 million hectoliters of beer per month. Baltika is the malt production leader among Russian and CIS breweries. To satisfy its malt demand, the Company built two of its own malting plants in Tula and Yaroslavl. The facilities capacity of each of these malting plants stands at 105 thousand tons per annum. The Company also owns a 30 % share in the Malt Plant Soufflet St. Petersburg CJSC (with a production capacity of 110 thousand tons per annum). In addition, the Company is developing its own agricultural project, which is being implemented in eight Russian regions. The Company’s diverse brand portfolio meets the needs of the most demanding consumers. In addition to Baltika, which is the key brand, the product range includes more than 40 beer, low alcohol and nonalcoholic brands on both a national and regional scale, including: Arsenalnoe, Nevskoe, Yarpivo, Tuborg, Carlsberg, Kronenbourg 1664 beers, Somersby cider, Zhivoy Ruchey drinking water, Khlebny Krai kvass and Crazy lemonade. According to data compiled by the Canadean and Euromonitor international 2010 marked the Company’s 20 th anniversary.
The Company in 2010 agencies, Baltika, the Company’s flagship brand, is the top selling brand in Europe. It is also one of the three most valuable brands in Russia, according to Interbrand international agency. Baltika products are produced under license agreements in different CIS and other countries. The Company’s extensive distribution network ensures that corporate products are available in 98 % of Russia’s retail facilities. Baltic Beverages Holding AB (a subsidiary of Carlsberg Breweries A/S) became the Company’s major shareholder in 2008, holding 89.01 % of the Company’s charter capital. 5
Page 3 and 4: Contents PRESIDENT’ STATEMENT . .
Page 5: President’s Statement Dear Ladies
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 and 56: Corporate Governance Decreasing cha
Page 57 and 58:
Hans Kasper Madsen Born 1961, highe
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 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
(ii) Interest rate risk Changes in
Page 95 and 96:
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
show all

Annual Report 2010 - Baltika Breweries

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?