Report and Accounts 1999 / 2000 - Carlsberg Group

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The New Carlsberg A/S 43 Executive Board Board of Directors CEO Jørn P. Jensen Professor, D.Econ. Poul Chr. Matthiessen Chairman Managing Director Palle Marcus Deputy chairman Brewery Worker Hans Andersen Carlsberg Danmark A/S Professor, D.Ph. Torkild Andersen Managing Director Jens Bigum Arla Foods amba President, CEO Henning Dyremose TDC A/S (Tele Danmark) Sales Driver Preben Hedegård Coca-Cola Tapperierne A/S Professor, D.Sc., Ph.D., Dr. h.c. Povl Krogsgaard-Larsen Professor, D.Ph. Axel Michelsen EDP Office Manager Erik Dedenroth Olsen Carlsberg Danmark A/S Professor, D.Ph. Per Øhrgaard Group Companies Participating interest Nominal share capital in 1,000 Currencies CARLSBERG A/S Share capital DKK 1,278,125,640 Brewing Companies Denmark Carlsberg Beweries A/S, Copenhagen ● 60% 500,000 DKK Other Companies Investeringsselskabet af 17. januar 1991 A/S, Copenhagen ● 100% 14,500 DKK Ejendomsaktieselskabet af 4. marts 1982, Copenhagen ● 100% 9,500 DKK Ejendomsaktieselskabet Tuborg Nord B, Copenhagen ● 100% 25,000 DKK Ejendomsinteressentskabet Tuborg Nord B Ejendomsaktieselskabet Tuborg Nord C, Copenhagen ● 100% 10,000 DKK Ejendomsaktieselskabet Tuborg Nord D, Copenhagen ● 100% 10,000 DKK Coca-Cola Nordic Beverages A/S, Denmark 51% 600,009 DKK Vingaarden A/S, Odense, Denmark ■ 40% 15,000 DKK 3 subsidiaries RS Holding Frederiksberg a.s., Copenhagen ■ 2) 28% 700,500 DKK Royal Scandinavia A/S, Copenhagen 1) 36 subsidiaries Combio A/S, Copenhagen ■ 33% 120,000 DKK Coperdan Promociones S.L., Spain ● 100% 500 ESP ● Subsidiaries ■ Other associated company 1) Stock-exchange listed company 2) RS Holding Frederiksberg a.s. owns 51% of Royal Scandinavia A/S
4444 The New Carlsberg A/S Carlsberg Breweries A/S The establishment of Carlsberg Breweries has created a substantial international brewing company. The joining of Carlsberg’s and Orkla’s brewing and soft drink interests has considerably improved the basis for exploiting the growth potential in the brewing industry and for playing a significant part in future. At present, the international brewing industry is experiencing to strong consolidation trends - the breweries are being concentrated on fewer and fewer players. Uniting forces is the only means of creating the size and growth potential necessary to secure earnings in future. The strategy is to increase the focus on each of Carlsberg Breweries’ markets. In the key markets, Carlsberg Breweries wishes to produce and market beer and engage in closely related activities such as soft drinks and water products. The breweries’ brands constitute one of Carlsberg Breweries’ key assets. Carlsberg must be able to respond to the market demands for global, regional and local brands in order to secure growth within all segments of the beer market. The brand portfolio must be strengthened and developed further through enhancement of brand quality and a strong marketing profile. Carlsberg Breweries aims at becoming market leader in all markets and market segments with Carlsberg operations by establishing majority shareholdings or partnerships. Carlsberg Breweries will cultivate both mature, traditional markets and new growth markets that hold great potential. The brand strategy will be shaped to match the individual markets. Carlsberg Breweries will have global presence but with particular strength in the markets in Western Europe, Eastern Europe and Asia. The establishment of Carlsberg Breweries will boost the financial strength and improve the ability to take advantage of market possibilities. It will also entail considerable synergy effects within production, sourcing, logistics, marketing, etc. Carlsberg Breweries and its owners want to create continued growth.
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 and 20: 16 Management and Corporate Governa
Page 21 and 22: 18 Shareholder Information Investor
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: 4242 The New Carlsberg A/S The New
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
Page 72 and 73: Profit and Loss Account 1999/00 69
Page 74 and 75: Balance Sheet 71 Balance Sheet at 3
Page 76 and 77: Notes to the Accounts 73 Notes to t
Page 84 and 85: Development in Results by Quarters
Page 86 and 87: Group Companies 83 Group Companies
Page 88 and 89: Auditors’ Report 85 Auditors’ R
Page 90 and 91: Subsidiaries 87 Carlsberg Malawi Br
Page 92 and 93: ▲ ▲ Board of Directors and Exec
Page 94 and 95: Carlsberg's primary activities are

Report and Accounts 1999 / 2000 - Carlsberg Group

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