Report and Accounts 1999 / 2000 - Carlsberg Group

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Shareholder Information 17 Shareholder Information Shares Carlsberg A/S’ shares are listed on the Copenhagen Stock Exchange in class Carlsberg A with 20 votes per DKK 20 and in class Carlsberg B with 2 votes per DKK 20. There are 35.3 million Carlsberg A-shares (nominal amount, DKK 705 million) and 28.6 million Carlsberg B-shares (nominal amount, DKK 573 million), a total nominal value of DKK 1,278 million. The Carlsberg B-share is listed on the KFXindex and total turnover for the accounting period amounted to 36.6 million shares at a total value of about DKK 10.7 billion. The previous year (12 months) turnover amounted to 12.2 million shares at a value of about DKK 3.9 billion. In the financial year 1999/00, the highest quoted price for the Carlsberg B-share was DKK 468 and the lowest quoted closing price was DKK 223. Highest and lowest quoted closing prices in 1998/99 were DKK 445 and DKK 255, respectively. At the end of 2000, Carlsberg’s market value amounted to DKK 28.8 billion against 16.4 billion the year before. The quoted price of the Carlsberg B-share at the year-end was DKK 468 against DKK 257 at the end of 1998/99. Key figures in relation to shares 1998/99 1999/00 Price of the B-share at year-end 257 468 Cash Flow per share 28.5 40.4 Earnings per share 18.2 26.7 Dividend per share 4.00 5.40 Shareholders The Carlsberg Foundation holds 55% of the share capital and The Danish Labour Market Pension Scheme holds a stake of more than 5%. As at 31 December 2000, no other shareholder is recorded as holding a stake of more than 5%. The remaining shares are held by approx. 20,000 shareholders of which 14,395 were registered on 31 December 2000. As at 31 December 2000, the registered shareholders represented a total share capital of DKK 1,099 million, corresponding to 86% of the share capital. Based on information regarding the company’s registered shareholders and various analyses, the company’s shareholders can be divided into groups as set out below: Danish shareholders % The Carlsberg Foundation 55.0 Banks and insurance companies 9.5 Pension funds 14.1 Others 4.9 Total 83.5 Foreign shareholders % Institutional investors : North America 9.6 United Kingdom 2.1 Other Europe 1.6 Rest of the world 0.1 Others 3.1 Total 16.5 Share references Nominal Voting Class of shares ID code Bloomberg Reuters value right A DK001018167-6 BRYO DC CARCa.CO 20 20 B DK001018175-9 BRYB DC CARCb.CO 20 2
18 Shareholder Information Investor inquiries Shareholders, financial analysts, representatives of financial institutions and securities companies, and other interested parties should contact Carlsberg Investor Relations for information about the Carlsberg Group. Carlsberg Investor Relations Valby Langgade 1 DK-2500 Valby Denmark Phone: +45 3327 1541 Fax: +45 3327 4850 E-mail: investor.relations@carlsberg.com Internet Carlsberg s internet site www.carlsberg.com contains information about the Carlsberg Group, including Carlsberg’s activities, announcements to the Copenhagen Stock Exchange, press releases and financial statements. Incentive programme The Board of Directors of Carlsberg A/S has decided to establish a share option programme for the Executive Board and a number of managers within the Carlsberg Group. The programme will apply to the next two years and will then be evaluated. Carlsberg A/S’ obligations will be covered by its portfolio and purchase of own shares. The programme entitles the Executive Board and a number of managers to purchase Carlsberg A/S B-shares during a period from three to eight years after the option right has been granted. The exercise rate will be determined as the average of the first five stock exchange business days following the publication of the preliminary profit statement of Carlsberg A/S, the first time following the publication of the preliminary profit statement for 1999/2000. Initially, the programme will include about 40 people who will be granted a total of approx. 100,000 share options a year in 2001 and 2002. The option programme will be supplemented with annual bonus schemes. The incentive programme as a whole will thus ensure that a larger part of the total compensation will depend on performance. The purpose of the programme is to create an even greater alignment of interests between the company’s management and the shareholders, as the programme will influence both short and long-term goals. Financial Calendar 8 March 2001 Annual General Meeting 14 March 2001 Payment of dividend 10 May 2001 Financial Statement, Q1 9 August 2001 Financial Statement, Q2 1 November 2001 Financial Statement, Q3 February 2002 Preliminary Profit Statement
Page 1 and 2: Report and Accounts 1999 / 2000
Page 3 and 4: A Brief Presentation ▲ ▲ A Brie
Page 5 and 6: 2 Letter to the Shareholders Letter
Page 7 and 8: 4 Board of Directors and Executive
Page 9 and 10: 6 Highlights and Key Figures, 5-yea
Page 11 and 12: 8 Report for 1999/2000 Report for 1
Page 13 and 14: 10 Report for 1999/2000 Provisions
Page 15 and 16: 12 Report for 1999/2000 Malaysia: E
Page 17 and 18: 14 Report for 1999/2000 ed a key pa
Page 19: 16 Management and Corporate Governa
Page 23 and 24: 20 Group Staff Functions Group Staf
Page 25 and 26: 22 European Music Awards, the devel
Page 27 and 28: 24 Group Staff Functions the projec
Page 29 and 30: 26 Corporate Strategic Sourcing (CS
Page 31 and 32: 28 Group Staff Functions allocation
Page 33 and 34: 3030 Regional Reports Regional Repo
Page 35 and 36: 32 Regional Reports Finland The Fin
Page 37 and 38: 34 Regional Reports due to the posi
Page 39 and 40: 36 Regional Reports vourably. Today
Page 41 and 42: 38 Regional Reports new joint ventu
Page 43 and 44: 40 Soft Drinks Soft Drinks CCNB In
Page 45 and 46: 4242 The New Carlsberg A/S The New
Page 47 and 48: 4444 The New Carlsberg A/S Carlsber
Page 49 and 50: 46 The New Carlsberg A/S establishm
Page 51 and 52: 48 The New Carlsberg A/S Group Comp
Page 53 and 54: 50 The New Carlsberg A/S 2 3 4 5 Ca
Page 55 and 56: 52 52 The New Carlsberg A/S Carlsbe
Page 57 and 58: 54 The New Carlsberg A/S Carlsberg
Page 60 and 61: Accounts for 1999 / 2000 Accounts f
Page 62 and 63: Financial Review of the Carlsberg G
Page 70 and 71:
Accounting Policies 67 running of t
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Profit and Loss Account 1999/00 69
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Balance Sheet 71 Balance Sheet at 3
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Notes to the Accounts 73 Notes to t
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Development in Results by Quarters
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Group Companies 83 Group Companies
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Auditors’ Report 85 Auditors’ R
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Subsidiaries 87 Carlsberg Malawi Br
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▲ ▲ Board of Directors and Exec
Page 94 and 95:
Carlsberg's primary activities are
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Report and Accounts 1999 / 2000 - Carlsberg Group

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