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Q 2 Shareholder M Agazine a Ugust 2013
Q2 Shareholder Magazine August 2013 WorldReginfo - a00da095-b474-43bf-a8db-f2f5b26cb8fd Q2 August 2013 3 Photo front page: GreenFest Russia The Tuborg brand is closely connected with music and sponsors music events across a large number of Carlsberg’s markets. The DEAR CARLSBERG Tuborg GreenFest is an annual series of rock music events which has Tuborg as its main sponsor. Read more on page 9. SHAREHOLDER Welcome to this edition of News! focused and by improving our ability to commercialise our ideas and knowledge. CONTENTS In the first half year, we grew our earnings In this edition of News, we have dedicated despite tough European markets. Asia con- four pages to shed more light on how we tinued its strong performance, supported work with innovation and provide exam- by strong growth from our international ples of recent innovations in our markets. premium brands. In Russia, we increased Please see pages 4-7. 03 CEO statement our market share in a declining beer 04 Innovation – the legacy and the future market, which continued to be impacted The Carlsberg Group has a long tradi- 06 A taste of Carlsberg Group innovations closure of non-permanent outlets and tion for sponsorships and they play an slower economic growth. In Western important part in our marketing efforts. 08 Sponsorship – it’s all about passion Europe, our market share remained flat, We consider sponsorships an efficient and 10 A glimpse of Carlsberg Group Jørgen a solid performance bearing in mind the engaging way of building brand awareness 13 Financial Statements as at 30 June 2013 Buhl Rasmussen difficult economic environment and tough and communicating with our consumers. -
BELARUS ALMANACH 2021 Successful Together
BELARUS ALMANACH 2021 Successful together 1 Successful together “To succeed in your projects you need a dependable and reliable partner. We share your corporate values and we have the skills to accompany you in your development. Our extensive experience enables us to provide you with expert and specialised advice in all phases of your business.” Rödl & Partner BELARUS 2021 ALMANACH Successful together Table of contents Belarus 6 Demographics 8 Infrastructure 10 Largest cities 11 Country ratings 13 Currency 14 Inflation 15 Growth 16 Trading partners 21 Foreign direct investments 22 Turnover with Germany 24 Public holidays 25 Law 26 Establishing a company 26 Employment 30 Preferential frameworks 35 Insolvency 40 Signing of contracts 43 Securing of receivables 48 Legal disputes 50 Taxes 55 Tax rates 55 Value added tax 61 Corporate income tax 62 Avoidance of double taxation 64 Tax deadlines 68 Transfer pricing 70 Accounting 73 Audit 74 Key contacts 75 About us 78 Rödl & Partner in Belarus 80 Belarus Minsk 7 DEMOGRAPHICS POPULATION (THOUSAND OF PEOPLE)* EMPLOYMENT (THOUSAND OF PEOPLE) approx. 9,408.4 2020 Population: 9,408.4 AREA Labour force (Q2): 5,068.7 (54 %) 207,600 km2 Employed part: 4,855.9 (96 %) POPULATION DENSITY Unemployed part: 212.8 (4 %) approx. 45.5 inhabitants per km2 2019 GENDER RATIO (THOUSAND OF PEOPLE) Population: 9,475.0 Women: 5,059 (54 %) Labour force: Men: 4,349 (46 %) 5,122.4 (54 %) Employed part: POPULATION BY AGE GROUP (THOUSAND OF PEOPLE) 4,909.1 (96 %) Age 0 to 14 Unemployed part: 1,592 (17 %) 213.3 (4 %) Age 15 -
Annual Report 2013 Management Financial Review Statements
Annual Report 2013 Management Financial review statements 3 The Carlsberg Group at a glance 54 Consolidated financial statements 8 Letter from the Chairman 140 Parent Company 9 Statement from the CEO 160 Management statement 12 In the spotlight: Supply chain 161 Auditors’ report 13 Our regions 19 In the spotlight: China 20 Our business model and Strategy Wheel 21 KPIs 22 Strategy 28 CSR in the value chain 29 CSR targets 30 In the spotlight: Self-regulation 31 Risk management 35 In the spotlight: Sponsorships 36 Corporate governance 43 Remuneration report 49 Executive Committee 50 Shareholder information 52 Financial review 162 Supervisory Board DISCLAIMER This Annual Report contains forward-looking may contain the words “believe, anticipate, then current expectations or forecasts. Such actual results to differ materially from those distribution-related issues, information tech- not be possible for management to predict all statements, including statements about the expect, estimate, intend, plan, project, will be, information is subject to the risk that such expressed in its forward-looking statements nology failures, breach or unexpected termina- such risk factors, nor to assess the impact of Group’s sales, revenues, earnings, spending, will continue, will result, could, may, might”, expectations or forecasts, or the assumptions include, but are not limited to: economic and tion of contracts, price reductions resulting all such risk factors on the Group’s business or margins, cash flow, inventory, products, or any variations of such words or other words underlying such expectations or forecasts, may political uncertainty (including interest rates from market-driven price reductions, market the extent to which any individual risk factor, actions, plans, strategies, objectives and with similar meanings. -
Q 3 Shareholder M Agazine N Ovem Ber 2012
Q3 Shareholder Magazine November 2012 Content 3 LetteR FRom THE CEO 4 THIRST FOR BEER 3 6 L’arT DE VIVRE: KRONENboURG 1664 OFFERS A TAste OF FRANCE 8 CARlsbeRG HOLIDAY CAMPAIGN BRINgs JOY AND BEER 9 A CLIMPSE OF CARlsbeRG 12 INTERIM RESUlts AS AT 30 SEPTEMBER 2012 14 KEY FIGURES 12 18 INcome stATEMENT 19 STATEMENT OF FINANCIAL POSITION 20 OVERVIEW The Carlsberg Group is one of the leading brewery groups in the world, with a large portfolio of beer and other beverage brands. Our flagship brand – Carlsberg – is one of the best-known beer brands in the world and the Baltika, Carlsberg, and Tuborg brands are among the eight biggest brands in Europe. More than 41,000 people work for the Carlsberg Group, and our products are sold in more than 150 markets. In 2011, the Carlsberg Group sold more than 115 million hectolitres of beer, which is about 34 billion bottles of beer. NEWS is published quarterly by Carlsberg in Danish and English. In case of any discrepancy between the two versions, the Danish version shall apply. Circulation: 4,400. (incl. Danish circulation). Editorial staff: Anne-Marie Skov (responsible), Iben Steiness, Gitte Sillemann and Jeanett Glenthøj. Layout and production: Kontrapunkt. Carlsberg A/S, CVR-NR. 61056416, Ny Carlsberg Vej 100, DK-1799 Copenhagen V, Tel: +45 33 27 33 00, E-mail: [email protected], www.carlsberggroup.com. Q3 November 2012 3 Dear Carlsberg shareholder Welcome to this edition of News. Our gains were driven by innovations, revi- Q3 performance was in line with our talisation of local brands and roll-out of expectations and I am very pleased that our international premium portfolio. -
No Justice for Journalists in Ukraine, Belarus and Russia: Impunity and Killings of Journalists Go Hand in Hand
No Justice for Journalists in Ukraine, Belarus and Russia: Impunity and Killings of Journalists Go Hand in Hand JUNE 2011 ARTICLE 19 Free Word Centre 60 Farringdon Road London EC1R 3GA United Kingdom Tel: +44 20 7324 2500 Fax: +44 20 7490 0566 E-mail: [email protected] International Media Support (IMS) Nørregarde 18, 2nd floor 1165 Copenhagen K Denmark Tel: +45 88 32 7000 Fax: +45 33 12 0099 E-mail: [email protected] www.i-m-s.dk © ARTICLE 19 and International Media Support (IMS), London and Copenhagen, June 2011 ISBN: ADD This work is provided under the Creative Commons Attribution-Non-Commercial-ShareAlike 2.5 licence. You are free to copy, distribute and display this work and to make derivative works, provided you: 1) give credit to ARTICLE 19 and International Media Support (IMS); 2) do not use this work for commercial purposes; 3) distribute any works derived from this publication under a licence identical to this one. To access the full legal text of this licence, please visit: http://creativecommons.org/licenses/by-nc-sa/2.5/legalcode. ARTICLE 19 and International Media Support (IMS) would appreciate receiving a copy of any materials in which information from this report is used. This report was written and published within the framework of a project supported by the International Media Support (IMS) Media and Democracy Programme for Central and Eastern Europe and the Caucasus. It was compiled and written by Nathalie Losekoot, Senior Programme Officer for Europe at ARTICLE 19 and reviewed by JUDr. Barbora Bukovskà, Senior Director for Law at ARTICLE 19 and Jane Møller Larsen, Programme Coordinator for the Media and Democracy Unit at International Media Support (IMS). -
Award of the Tribunal
Date of dispatch to the parties: October 2, 2006 INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES ICSID Case No. ARB/03/16 ADC Affiliate Limited - and - ADC & ADMC Management Limited Claimants - v. - The Republic of Hungary Respondent Award of the Tribunal TRIBUNAL The Hon. Charles Brower Professor Albert Jan van den Berg Neil Kaplan CBE QC (President) Secretary of the Tribunal Ucheora Onwuamaegbu Table of Content I. THE PARTIES.................................................................................................3 A. The Claimants ....................................................................................................................3 B. The Respondent..................................................................................................................3 II. PROCEDURAL HISTORY............................................................................4 A. Arbitration Agreement and Constitution of Arbitration Tribunal...............................4 B. Proceedings.........................................................................................................................5 C. The Hearing......................................................................................................................10 III. FACTS.............................................................................................................14 A. THE PARTIES.................................................................................................................14 B. THE AIRPORT................................................................................................................15 -
The Republic of Belarus Country Report
EUROPEAN NEIGHBOURHOOD AND PARTNERSHIP INSTRUMENT – SHARED ENVIRONMENTAL INFORMATION SYSTEM THE REPUBLIC OF BELARUS COUNTRY REPORT August, 2012 Minsk, Republic of Belarus This project is funded by the European Union This project is implemented by the European Environment Agency Legal notice: This project is financed through a service contract ENPI/2009/210/629 managed by DG EuropeAid. This publication has been produced with the assistance of the European Union. The contents of this publication are the sole responsibility of Zoï Environment Network, sub-contracted by EEA for this work, and can in no way be taken to reflect the views of the European Union. European Environment Agency Kongens Nytorv 6 1050 Copenhagen K Denmark Reception: Phone: (+45) 33 36 71 00 Fax: (+45) 33 36 71 99 http://www.eea.europa.eu/ More information regarding the ENPI-SEIS project: http://enpi-seis.ew.eea.europa.eu/ Zoï Environment Network International Environment House Chemin de Balexert 9 CH-1219 Châtelaine Geneva, Switzerland Phone: +41 22 917 83 42 http://www.zoinet.org/ Author: Mr. Konstantin Titov Contributors: Ms. Irina Komosko, Ms. Olga Panteleyeva, Ms. Yulia Shevtsova, Mr. Aleksander Snetkov, Ms. Elena Novakovskaya, Ms. Alina Bushmovich, Mr. Saveliy Kuzmin, Ms. Svetlana Utochkina, Mr. Alexander Stankevich, Mr. Nickolai Denisov, Ms. Lesya Nikolayeva 2 CONTENT Summary 4 1. The structure of nature protection activity in the Republic of Belarus 6 2. Environmental monitoring in the Republic of Belarus 11 2.1 Monitoring of atmospheric air 12 2.2 Monitoring of ground water 15 2.3 Monitoring of ground waters 18 2.4 Monitoring of land (soils) 19 2.5 Monitoring of forests 20 2.6 Monitoring of flora 22 2.7. -
Illegal Weapons, Gangs and Violent Extremism in Denmark DENMARK
123 Illegal weapons, gangs and violent extremism in Denmark DENMARK Lina Grip Denmark is a relatively small country with an exceptionally high standard of living, although the trends in Denmark’s Human Development Index show that its national development has flattened out in the past decade.1 The Global Peace Index ranked Denmark the second most peaceful country in the world in 2016, ranking very low in, for example, violent crimes and access to weapons.2 Denmark has limited expe- rience of terrorist attacks carried out with firearms, with only six incidents occur- ring in the past 36 years. Yet on 14-15 February 2015 Copenhagen was the site of two terrorist attacks carried out with firearms. In two shootings in different locations an armed man killed and injured several people in the course of less than 12 hours. This study seeks to investigate the illegal gun market dynamics in Denmark and how terrorists could have access to that market. Previous studies on these issues in Denmark have been rather limited. The present study’s analysis is therefore mainly based on police data on seized firearms and a few expert interviews. Where rele- vant, the analysis was enriched with complementary information from various sources (see Box 1). The first section lays out the key Danish actors in the fight against illicit firearms and national policies to deal with these firearms, including terrorists’ access to them. The following sections analyse the characteristics of the illicit firearms markets in Denmark and terrorists’ and violent extremists’ potential access to firearms on these markets. -
Carlsberg Group Annual Report 2018 Letter from the Chairman & the Ceo 2 Management Financial Review Statements
ANNUAL REPORT 2018 CARLSBERG GROUP ANNUAL REPORT 2018 LETTER FROM THE CHAIRMAN & THE CEO 2 MANAGEMENT FINANCIAL REVIEW STATEMENTS Letter from the Chairman CONSOLIDATED FINANCIAL STATEMENTS & the CEO ..................................................... 3 Statements ...........................................57 2019 earnings expectations ................... 5 Notes ......................................................61 PARENT COMPANY FINANCIAL 2018 HIGHLIGHTS STATEMENTS Strategic priorities ...................................... 6 Statements ........................................ 125 Our brands .................................................... 8 Notes ................................................... 128 Regional priorities ...................................... 9 Golden triangle ......................................... 10 REPORTS Financial highlights ................................. 11 Management statement ................ 135 Key figures ................................................. 13 Auditor’s report ................................ 136 REGIONAL REVIEW Western Europe ....................................... 14 Asia ............................................................... 17 Eastern Europe ......................................... 20 OUR STRATEGY Beer trends ................................................ 23 Business model ........................................ 24 SAIL’22 ......................................................... 25 GOVERNANCE Risk management ................................... 35 GROW IN ASIA -
Annual Report 2017 Carlsberg Group Annual Report 2017 in Brief 2 Management Financial Review Statements
ANNUAL REPORT 2017 CARLSBERG GROUP ANNUAL REPORT 2017 IN BRIEF 2 MANAGEMENT FINANCIAL REVIEW STATEMENTS Letter from the CONSOLIDATED FINANCIAL STATEMENTS Chairman & the CEO ................................ 3 Statements ...........................................52 Notes ......................................................57 IN BRIEF Our 2017 priorities ..................................... 5 PARENT COMPANY Golden triangle ............................................ 6 Statements ........................................ 125 Financial highlights .................................... 7 Notes ................................................... 129 Our markets.................................................. 8 Our brands .................................................... 9 REPORTS Management statement ................ 138 OUR RESULTS Auditor’s report ................................ 139 Financial review ....................................... 11 Five-year summary ............................... 14 Regional review........................................ 15 Earnings expectations ........................... 24 OUR STRATEGY Business model ........................................ 25 SAIL’22 ........................................................ 26 GOVERNANCE Risk management ................................... 32 GROW CRAFT & SPECIALITY Corporate governance ........................... 34 Remuneration ........................................... 40 Growing our craft & speciality portfolio is a Supervisory Board.................................. -
Garage Ventilation an Annotated Bibliography
Garage Ventilation An Annotated Bibliography Mark J Limb PREFACE International Energy Agency X Building HVAC Systems Simulation* Xl Energy Auditing* The International Energy Agency (lEA) was Xll Windows and Fenestration established in 1974 within the framework of the Xlll Energy Management In Hospitals Organleation for Economic Co-operation and XN CondenMtlon* Development (OECD) to Implement an XV Energy Efficiency In Sohoole* International Energy Programme. A basic aim of XVI BEMS-1 : Energy Management Prooedurea* the lEA Is to foster co-operation among the lEA XVII BEMS-2: Evaluation and Emulation Techniques* Participating Countries to Increase energy security XVIII Demand Controlled Ventilation Systems* through energy conservation, development of XlX Low Slope Roof Systems alternative energy sources and energy research XX Air Flow Patterns within Buildings* development and demonstration (RD&D). XXI Thermal Modelling XXII Energy Efflolent Communities Energy Conlerv.llon In Buildings and Community XXIII Multlzone Air flow Modelling (COMIS) Sy~-me XXIV Heat Air end Moisture Transfer In Envelopes XXV Real Time HEVAC Simulation The lEA sponsors research and development in a XXVI Energy Efflolent Ventilation of Large Enclosures number of areas related to energy. In one of these XXVII Evaluation & Demonstration of Domestlo Vent.Systems areas, energy conservation in buildings, the lEA Is XXVIII Low Energy Cooling Systems sponsoring various exercises to predict more accurately the energy use of buildings, Including The Air Infiltration and Ventilation Centre was comparison of existing computer programs, established by the Executive Committee following building monitoring, comparison of calculation unanimous agreement that more needed to be methods, as well as air quality and studies of understood about the impact of air change on occupancy.