Report and Accounts 1999 / 2000 - Carlsberg Group

Report for 1999/2000
13
Based on estimates, the accounting figures of
Orkla’s beverage activities have been adapted to
Carlsberg’s accounting policies.
Feldschlösschen Getränke Holding AG is included
in the operations with one month and fully
included in the balance sheet figures.
The establishment of a joint venture with Asian
Chang Beverage Company regarding the activities
in Asia and the Coca-Cola activities in Denmark
and Finland are not included in the pro forma figures.
Possible synergy effects or other management
initiatives as a consequence of the establishment
of Carlsberg Breweries A/S are not included in the
stated pro forma figures.
The pro forma statement shows an operating
profit of DKK 2,325 million and a balance sheet
total of DKK 32.4 billion.
CARLSBERG GROUP SALES OF BEER
(MILLION HECTOLITRES)
40
35
30
25
20
Nordic region
Rest of Europe
37.0
9.1
12.8
UK
Asia, Americas, Africa
39.8
10.6
13.1
Research
The research and development activities of the
Carlsberg Research Center, including the Carlsberg
Laboratory, continued in 1999/00. Total
expenses, amounting to approx. DKK 70 million
after deduction of external grants (12 months), are
charged to the profit and loss account. A new,
independent company, Combio A/S, has been
established based on patented inventions developed
at the Carlsberg Laboratory. In November
2000, Combio received contributions totalling
DKK 60 million from external investors.
In the past year, 150 full-time employees and
25 visiting researchers have worked at the Research
Center.
During the year, the Carlsberg Laboratory published
75 scientific articles in international journals
with peer review. In addition, the Laboratory play-
15
10
5
0
7.8
7.3
7.3
8.8
98/99 99/00
GEARING (%)
DIVIDEND PER SHARE (DKK)
99/00
98/99
97/98
96/97
95/96
-20 -10 0 10 20 30 40 50 60 70 80 90 100
99/00
98/99
97/98
96/97
95/96
0 1 2 3 4 5 6