Report and Accounts 1999 / 2000 - Carlsberg Group
Report and Accounts 1999 / 2000 - Carlsberg Group Report and Accounts 1999 / 2000 - Carlsberg Group
Notes to the Accounts 79 Notes to the Accounts Notes (DKK million) 31.12.2000 30.9.1999 16 Deferred tax: Group: Assets: Balance, beginning of year 1,077 698 Additions, acquisitions (incl. adjustment for previous years) - 194 Disposals, divestments -97 - Relating to income for the year 96 185 Balance, end of year 1,076 1,077 Liabilities: Balance, beginning of year 682 361 Adjustment, previous years - -9 Additions, acquisitions 233 35 Disposals, divestments -55 -2 Relating to income for the year 64 297 Balance, end of year 924 682 Parent Company: Liabilities: Balance, beginning of year 155 96 Adjustment, previous years - -6 Disposals during year -30 - Relating to income for the year -101 65 Balance, end of year 24 155 The provision for deferred tax in the balance sheet relates to differences in accounting and tax values. Deferred tax assets are included at the expected realisable value. No further provision has been made for tax liabilities which may arise from any realisation of tangible fixed assets and shares. Group Parent Company 17 Other provisions: Balance at 1 October 1999 1,589 327 Addition during year 417 - Applied and reversed during year 1,307 302 Balance at 31 December 2000 699 25 For further explanation, please see the Financial Review. 18 The long-term liabilities of the Group aggregate DKK 6,009 million (30.9.1999: DKK 5,623 million) and of the Parent Company DKK 0 million (30.9.1999: DKK 4,249 million) of which DKK 3,103 million (30.9.1999: DKK 3,541 million) DKK 0 million (30.9.1999: DKK 2,584 million) respectively, are due for repayment more than five years after the balance sheet date.
80 Notes to the Accounts Notes to the Accounts 31.12.2000 30.9.1999 19 Contingent liabilities and other commitments etc. of the Group: Securities given to credit institutions 90 186 Mortgage loans secured in land and buildings, etc. 1,395 1,187 Security given for unused credit lines 603 598 Guarantees given, etc. 907 719 Leasing and rental commitments, etc. 259 385 Purchasing obligations related to tangible fixed assets 1,368 628 Carlsberg A/S has issued guarantees for loans amounting to DKK 7,585 million (30.09.1999: DKK 7,104 million) raised by subsidiaries. Carlsberg A/S has joint and several liability for payment of corporation tax in the companies included in the joint taxation. Carlsberg A/S is registered jointly with Carlsberg Breweries A/S and Carlsberg Danmark A/S regarding VAT and excise duties and has joint and several liability in connection with payment thereof. Carlsberg is party to certain lawsuits. The management does not expect the outcome or continuation of these cases to have a material negative impact on the financial position of the Carlsberg Group. Forward exchange contracts and options: Parent Company: Sale of foreign currencies 5,027 5,736 Purchase of foreign currencies 1,814 3,575 Carlsberg Finans A/S: Sale of foreign currencies 1,802 426 Purchase of foreign currencies 446 17 The company has furthermore entered into forward rate agreements relating to the funding of marketable securities, etc. 20 Acquisition and disposal of companies Acquisition: 1999/00 1998/99 (15 months) (12 months) Assets acquired: Fixed assets -3,203 -299 Current assets -2,358 -208 Liabilities taken over: Provisions 652 35 Long-term liabilities 1,530 69 Short-term liabilities 1,097 188 Minority interests 667 -27 Transfer from associated company 278 - Group goodwill -3,125 -379 Total price -4,462 -621 Disposals: Assets disposed of: Fixed assets 942 35 Current assets 1,645 185 Liabilities disposed of: Provisions -63 - Long-term liabilities -38 - Short-term liabilities -1,128 -115 Reversal of previous write-off of goodwill 302 - Payment receivable from sale -1,103 - Minority interests -404 20 Total price 153 125 Acquisition and disposal of companies, net -4,309 -496
- Page 31 and 32: 28 Group Staff Functions allocation
- Page 33 and 34: 3030 Regional Reports Regional Repo
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- 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 64 and 65: Financial Review of the Carlsberg G
- Page 66 and 67: Financial Review of the Carlsberg G
- Page 68 and 69: 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 78 and 79: Notes to the Accounts 75 Notes to t
- Page 80 and 81: Notes to the Accounts 77 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
80 Notes to the <strong>Accounts</strong><br />
Notes to the <strong>Accounts</strong><br />
31.12.<strong>2000</strong> 30.9.<strong>1999</strong><br />
19 Contingent liabilities <strong>and</strong> other commitments etc. of the <strong>Group</strong>:<br />
Securities given to credit institutions 90 186<br />
Mortgage loans secured in l<strong>and</strong> <strong>and</strong> buildings, etc. 1,395 1,187<br />
Security given for unused credit lines 603 598<br />
Guarantees given, etc. 907 719<br />
Leasing <strong>and</strong> rental commitments, etc. 259 385<br />
Purchasing obligations related to tangible fixed assets 1,368 628<br />
<strong>Carlsberg</strong> A/S has issued guarantees for loans amounting to DKK 7,585 million (30.09.<strong>1999</strong>: DKK 7,104 million)<br />
raised by subsidiaries.<br />
<strong>Carlsberg</strong> A/S has joint <strong>and</strong> several liability for payment of corporation tax in the companies included in the joint taxation.<br />
<strong>Carlsberg</strong> A/S is registered jointly with <strong>Carlsberg</strong> Breweries A/S <strong>and</strong> <strong>Carlsberg</strong> Danmark A/S regarding<br />
VAT <strong>and</strong> excise duties <strong>and</strong> has joint <strong>and</strong> several liability in connection with payment thereof.<br />
<strong>Carlsberg</strong> is party to certain lawsuits. The management does not expect the outcome or continuation of these cases<br />
to have a material negative impact on the financial position of the <strong>Carlsberg</strong> <strong>Group</strong>.<br />
Forward exchange contracts <strong>and</strong> options:<br />
Parent Company:<br />
Sale of foreign currencies 5,027 5,736<br />
Purchase of foreign currencies 1,814 3,575<br />
<strong>Carlsberg</strong> Finans A/S:<br />
Sale of foreign currencies 1,802 426<br />
Purchase of foreign currencies 446 17<br />
The company has furthermore entered into forward rate agreements relating to the funding of marketable securities, etc.<br />
20 Acquisition <strong>and</strong> disposal of companies<br />
Acquisition:<br />
<strong>1999</strong>/00 1998/99<br />
(15 months) (12 months)<br />
Assets acquired:<br />
Fixed assets -3,203 -299<br />
Current assets -2,358 -208<br />
Liabilities taken over:<br />
Provisions 652 35<br />
Long-term liabilities 1,530 69<br />
Short-term liabilities 1,097 188<br />
Minority interests 667 -27<br />
Transfer from associated company 278 -<br />
<strong>Group</strong> goodwill -3,125 -379<br />
Total price -4,462 -621<br />
Disposals:<br />
Assets disposed of:<br />
Fixed assets 942 35<br />
Current assets 1,645 185<br />
Liabilities disposed of:<br />
Provisions -63 -<br />
Long-term liabilities -38 -<br />
Short-term liabilities -1,128 -115<br />
Reversal of previous write-off of goodwill 302 -<br />
Payment receivable from sale -1,103 -<br />
Minority interests -404 20<br />
Total price 153 125<br />
Acquisition <strong>and</strong> disposal of companies, net -4,309 -496
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