Annual Report 2003 the fi Nancial Year 2003 Proved a Diffi Cult Year in Respect of Developments in Markets and Currencies
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Department of Chemistry Annual Report 2019
Department of Chemistry Annual Report 2019 Scan the QR-code and read more at kemi.dtu.dk DTU Technical University of Denmark Department of Chemistry Kemitorvet Building 207 DK-2800 Kgs. Lyngby kemi.dtu.dk Picture: Greg Stewart/SLAC A well-tuned Department The DTU Chemistry Management Group (left to right) Lise Peitersen, Erling H. Stenby, Jens O. Duus, Inge Holkmann Olsen, and Klaus B. Møller. Content Welcome to the DTU Chemistry Annual Report In 2019, the researchers of DTU Chemistry and we are glad to present some of these expanded by approximately 12 % to 66 new 2019 – a year characterized by innovation, were very productive. The number of researchers as seminar speakers. These students in 2019. 3 Welcome evaluation, and academic excellence. Peer-Reviewed articles (228) rose by 30 % inspiring talks are fueling new ideas at the 4 Faculty: Synergy as compared to 2018. Three very promising Department. In 2019, a record number of 26 PhD students a driving force In the fall, an international research evaluation patents were obtained and currently, we began their research at the Department 6 Recruiting enzymes for panel consisting of four international have 28 ongoing patent-cases. In addition, Significant external funding has once again while 17 graduated. It is inspiring to see how new tasks in chemistry researchers visited the Department to scruti nize several DTU Chemistry spin-out companies strengthened our research groups with productive our PhD school is. Our research our activities. The overall feedback was very are flourishing with new investments and talents from Denmark and abroad. It has also groups benefit vastly from the curiosity 8 A peek into the molecular positive. -
Annual Report 2006 Carlsberg A/S Annual Report 2006
Carlsberg A/S Annual Report 2006 Annual Report 2006 Management review 1 Profi le 2 CEO statement 4 Five-year summary 5 Results and expectations 7 Strategy 10 Markets 12 Western Europe 16 Baltic Beverages Holding 20 Eastern Europe excl. BBH 24 Asia 28 Other activities 30 People and management 34 Social and environmental responsibility 38 Shareholder information 42 Corporate governance 47 Risk management 49 Financial review Financial statements 57 Consolidated fi nancial statements 58 Income statement 59 Statement of recognised income and expenses for the year 60 Balance sheet 62 Statement of changes in equity 63 Cash fl ow statement 64 Notes 110 Group companies Carlsberg A/S 113 Parent Company fi nancial statements CVR No. 61056416 Ny Carlsberg Vej 100 134 Management statement DK-1760 Copenhagen V, Denmark 135 Auditor’s report Phone: +45 3327 3300 136 Board of Directors, Executive Board and Fax: +45 3327 4701 other senior executives E-mail: [email protected] www.carlsberg.com This report is provided in Danish and in English. In case of any discrepancy between the two versions, the Danish wording shall apply. Probably the best … Carlsberg is one of the world’s largest brewery groups. We have a beer for every occasion and for every palate and lifestyle. The Group’s broad portfolio of beer brands includes Carlsberg Pilsner, known as Probably the best beer in the world, and strong regional brands such as Tuborg, Baltika and Holsten. We also have a wide range of leading brands in our local markets. We operate primarily in mature markets in Western Europe but are generating an ever-growing share of revenue in selected growth markets in Eastern Europe and Asia. -
Econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Lunde Jørgensen, Ida Doctoral Thesis Institutions and Legitimations in Finance for the Arts PhD Series, No. 25.2016 Provided in Cooperation with: Copenhagen Business School (CBS) Suggested Citation: Lunde Jørgensen, Ida (2016) : Institutions and Legitimations in Finance for the Arts, PhD Series, No. 25.2016, ISBN 9788793483156, Copenhagen Business School (CBS), Frederiksberg, http://hdl.handle.net/10398/9337 This Version is available at: http://hdl.handle.net/10419/208979 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), -
Reporting of the Graduate Survey
KØBENHAVNS UNIVERSIT ET REPORTING OF THE GRADUATE SURVEY Bachelor, Academic Bachelor, Master Degree Table of contents 1 Introduction 4 2 Data 5 2.2 Background data from the study administrative system STADS 6 2.3 Reading guide 6 3 Current job situation of Master’s Candidatus/Professional Bachelor’s graduates 9 3.1 Employed Master’s Candidatus/Professional Bachelor’s graduates 9 3.2 Self-employed (including freelance) 19 3.3 Unemployed, including maternity leave without being under employment contract 24 4 Correlation between Master’s Candidatus/Professional Bachelor’s education programmes and the job market 27 4.1 Academic correlation between studies and job 27 4.2 The ability of the study programme to prepare the graduates for working life 27 5 Master’s Candidatus/Professional Bachelor’s graduates routes to their first job 34 5.1 Master’s Candidatus/Professional Bachelor’s graduates first job 34 5.2 The significance of student jobs, internships, study abroad, etc. for the first job 38 5.3 Voluntary internship or project in private or public organisations 40 5.4 Study abroad 42 5.5 Activities during the programme of study such as student politics 44 6 Master's Candidatus/Professional bachelor's assessment of the program compared with their own expectations 46 7 The Master Candidatus graduates assessment of the study programme 48 7.1 The level of teaching in relation to the entry requirements 48 7.2 Specifics about the Master's Candidatus program 50 7.3 The graduates assessment of the opportunities for study abroad, internship etc. without extensions 51 7.4 The teacher's professional and educational expertise 52 8 Bachelor's/Professional Bachelor's assessment of the study programme 53 8.1 The level of teaching in relation to the entry requirements 53 8.2 Specifics about the bachelor programme 53 8.3 The graduates assessment of the opportunities for study abroad, internship etc. -
Gtlc2001.Pdf
The Baltic region has a population of 7.6 million and is at the verge Estonia: Liivalaia 8, 15040 Tallinn of accession to the European Union. Here the market grows quicker Phone: +372 6 131355 than almost no other market in the world. Located at the crossroads Fax: +372 6 131545 E-mail: [email protected] of historical trade routes, the region is showing constant progress in www.hansa.ee every aspect of development economic, social, educational and financial. Latvia: Kalku street 26, LV-1050 Riga Phone: +371 7 024154 Hansabank Markets leads the equity market in Fax: +371 7 024400 E-mail: [email protected] Estonia, Latvia and Lithuania with market share www.hbl.lv exceeding 40%. We offer our clients the finest know- Lithuania: how of the area, best research house of the Baltic Gedimino ave 26, LT-2600 Vilnius region by Euromoney, integrated and plugged-in Phone: +370 2 390638 Fax: +370 2 390641 distribution channels and flexibility derived from our E-mail: [email protected] expertise and commitment. Hansabank Markets www.hansabank.lt grows the business through developing Baltic financial markets. Hansabank Markets. Professional choices for professional people. LITHUANIAN COMPANIES NACIONALINË VERTYBINIØ P0PIERIØ BIRÞA Guide to Listed Companies 2001 published by the National Stock Exchange of Lithuania Tel. (+370 2) 72 14 07, 72 15 42, fax (+370 2) 72 48 94 http://www.nse.lt Guide to Listed Companies Editors 2000 Simona Baèkienë Juozas Brigmanas Tomas Kliuèius Jûratë Lauciûtë Agnë Maslauskaitë Arminta Saladþienë Lina Semënaitë Diana Sokolova Design director Gediminas Minderis Assisting in the editorial work Gediminas Balnis Daiva Grigusevièiûtë ISSN 1648-2980 2 LITHUANIAN COMPANIES NATIONAL STOCK EXCHANGE OF LITHUANIA Dear Reader, We are delighted to introduce the fifth edition of the annual publication GUIDE TO LISTED COMPANIES issued by the National Stock Exchange of Lithuania. -
Carlsberg Annual Report Market Overview
Carlsberg Annual Report Market overview 2 1 Our markets Denmark Norway Sweden Finland Poland Germany The Baltic StatesUnited KingdomFrance Switzerland Italy Greece Population (millions) 5.5 5.0 9.4 5.4 38.1 81.4 6.9 62.6 63.2 7.8 60.6 11.2 10.7 19.3 142.4 45.6 16.5 28.6 9.4 9.1 28.7 5.3 7. 2 1,348.1 89.3 6.6 14.4 28.5 1,206.9 Est. GDP/capita PPP (USD) 37,742 53,376 40,614 36,723 20,137 37,936 17,95 8 4 35,974 35,049 43,509 30,166 27,6 24 23,204 13,740 4 16,687 7,19 9 13,060 3,294 14,948 10,217 15,579 59,937 49,342 8,394 3,355 2,659 2,286 1,328 3,703 Est. real GDP growth (%) 1.5 1.7 4.4 3.5 3.8 2.7 4-6.6 1.1 1.7 2.2 0.6 -5.0 -2.2 0.8-2.5 4.3 4.7 6.5 7.1 5.0 0.2 5.2 5.3 6.0 9.5 5.8 8.3 6.7 3.5 7.8 Inflation, avg. consumer prices (%) 3.2 1.7 3.0 3.1 4.0 2.2 4.2-5.1 4.5 2.1 0.7 2.6 2.9 3.4 3.2-11.3 8.9 9.3 8.9 13.1 41.0 9.3 3.2 3.7 5.5 5.5 18.8 8.7 6.4 9.5 10.6 Est. -
Hotel Edelweiss, Borovets
HOTEL EDELWEISS BOROVETS RESTAURANT Telephone: (+359) 2 9630060 https://edelweissborovets.com SALADS SOUPS SHOPSKA SALAD -0.350 g-6.20 BGN CHICKEN SOUP -0.300 g-4.00 BGN SHEPARD‘S SALAD -0.400 g-7.80 BGN MEATBALLS SOUP -0.300 g-4.00 BGN CABBAGE WITH CARROTS- SHKEMBE (paunch soup) 0.250 g-4.60 BGN -0.300 g- 4.50 BGN MIXED SALAD -0.350 g-5.20 BGN TARATOR (yoghurt with cucumbers -0.300 g.- CAPRESE -0.350 g.-7.20 BGN cold soup) 4.00 BGN VITAMINA SALAD -0.250 g-4.80 BGN KATUK WITH CHEESE CREAM SOUPS -0.200 g-5.10 BGN SNEZHANKA (SNOW WHITE) PUMPKIN - 0.300 g- 3.50 BGN -0.200 g-5.20 BGN BROCCOLI -0.300 g- 3.50 BGN KIOPOOLU -0.200 g-5.20 BGN CAULIFLOWER -0.300 g- 3.00 BGN RHODOPE SALAD -0.350 g- 5.20 BGN VEGETABLES -0.300 g-3.50 BGN VILLAGE STYLE SALAD -0.350 g-6.20 BGN CHEESE SHOPSKI STYLE - 0.300 g-4.80 BGN GREEK SALAD -0.350 g-6.20 BGN MISH MASH - 0.300 g- 4.80 BGN ROYAL PICKLE - 0.250 g-5.80 BGN CHICKEN FLAKES WITH CORNFLAKES STARTERS -0.250 g-7.00 BGN CHICKEN LIVER WITH MUSHROOMS -0.300 g-6.80 BGN MUSHROOMS IN BUTTER -0.200 g-6.20 BGN CHICKEN LIVER VILLAGE STYLE -0.300 g-6.80 BGN KASHKAVAL (yellow cheese) PANE - 0.200 g-6.90 BGN BEEF TONGUE IN BUTTER -0.200 g-8.50 BGN WHITE CHEESE PANE -0.200 g-4.80 BGN CHEESE ON A PLATE WITH HONEY CHEESE TRAKIA STYLE-0.300 g-5.60 BGN AND WALNUT - 0.200 g- 5.20 BGN 2 OMELETS MOUNTAIN DISHES WITH VEGETABLES -0.200 g-4.20 BGN KACHAMAK -0.400-5.80 BGN WITH HAM -0.200 g-4.80 BGN PATATNIK -0.300-5.20 BGN WITH CHEESE -0.200 g-4.80 BGN MEAT DISHES SACH CHICKEN KAVARMA -0.400 g-7.20 BGN CHICKEN SACH WITH VEGETABLES -
Years of Beer Discoveries Annual Report 2017
Carlsberg Brewery Malaysia Berhad (9210-K) (9210-K) Berhad Malaysia Brewery Carlsberg Annual Report 2017 Annual Report YEARS OF BEER DISCOVERIES ANNUAL REPORT 2017 Carlsberg Brewery Malaysia Berhad (9210-K) No. 55, Persiaran Selangor, Section 15 40200 Shah Alam, Selangor Darul Ehsan, Malaysia Tel : +603 5522 6688 Fax : +603 5519 1931 www.carlsbergmalaysia.com.my TABLE OF CONTENTS Carlsberg Malaysia Group at a Glance 2 Financial Statements..........................................................................93 Chairman’s Address 4 Carlsberg Malaysia’s Sales Offices 176 Our Portfolio of Brands 6 Particulars of Group Properties 177 2017 Brand Highlights 8 Analysis of Shareholdings 178 Managing Director’s Message and Material Contracts 180 Management Discussion and Analysis 24 List of Recurrent Related Party Transactions 181 Sustainability Statement 38 Notice of Annual General Meeting 183 Management Team 64 Statement Accompanying Notice of Profile of Management Team 66 Annual General Meeting 188 Profile of the Directors 68 Corporate Governance Overview Statement 72 Form of Proxy Statement on Risk Management & Corporate Information Internal Control 85 Audit & Risk Management Committee Report 89 Responsibility Statement by the Board of Directors 92 Year 2017 marked Probably The Best 170th Anniversary Celebration for Carlsberg in beer discoveries. For 170 years, we have been brewing for a better today and tomorrow and here at Carlsberg Malaysia Group, we continue to pursue perfection every day by perfecting the art of brewing, giving consumers -
Bulgaria AMMIE Volume Report Track Changes V3
Report on youth exposure to alcohol commercials on television in Europe: rt on youth exposure to alcohol commercials on television Volume of youth exposure in Bulgaria Results of monitoring televised alcohol commercials in Bulgaria in 2010 1 Report on youth exposure to alcohol commercials on television in Europe: Volume of youth exposure in Bulgaria Results of monitoring televised alcohol commercials in Bulgaria in 2010 Author: Daniela Alexieva Foundation ‘Horizonti 21’ Sofia ‘Bolgrad’ Str. 5 Phone: +359(02)963 32 80 Fax: +359(02)963 32 80 Email: [email protected] Editing and contact person: Avalon de Bruijn ( [email protected] ) European Centre for Monitoring Alcohol Marketing (EUCAM) Utrecht, the Netherlands, November 2011 Conducted as part of the Alcohol Marketing Monitoring in Europe (AMMIE) project. AMMIE is coordinated by the Dutch Institute for Alcohol Policy (STAP). Contact details: Dutch Institute for Alcohol Policy (STAP) Postbus 9769 3506 ET Utrecht +31306565041 [email protected] www.stap.nl This report arises from the project Alcohol Marketing Monitoring in Europe which has received funding from the European Union, in the framework of the Health Program. 2 Index of contents Summary .............................................................................................................................. 4 1.Introduction ...................................................................................................................... 9 1.1 Effects of alcohol advertising ....................................................................................................... -
Strategic and Financial Valuation of Carlsberg A/S
Strategic and Financial Valuation of Carlsberg A/S Master Thesis – Finance and Strategic Management 30th of September 2011 Cand. merc. FSM Department of Finance Copenhagen Business School Author: Andri Stefánsson Supervisor: Carsten Kyhnauv Strategic and Financial Valuation of Carlsberg A/S Executive summary The main objective of this thesis was to determine the theoretical fair value of one Carlsberg A/S share on the 1st of March 2011. Carlsberg A/S is the world´s 4th largest brewery measured in sales volume and has acquired this position both through organic growth as well as acquisitions of its competitors as a part of the consolidation phase that the brewing industry has undergone in the past 10 years. In order to obtain the necessary understanding of the company´s business model, a strategic analysis was carried out both on an external as well as on an internal level. The strategic analysis showed that Carlsberg has a very strong product portfolio and one of its main strengths was innovation in regards to new products targeting new market segments. Being the 4th largest brewery in the world creates great economies of scale which are of importance. The strategic analysis also showed that the political and economical situation in Russia is of most threat to Carlsberg. The strategic analysis was followed by a financial analysis which showed that all key financial drivers rose upon till 2008 when the recent economic crisis hit and Carlsberg at the same time acquired Scottish & Newcastle. From 2009 the key financial drivers showed improvements both due to Carlsberg being able to make use of the synergies created as a part of the acquisition along with an increase in revenue and lower borrowing costs. -
Baltic Beverages Holding Christian Ramm-Schmidt President and CEO of BBH
Baltic Beverages Holding Christian Ramm-Schmidt President and CEO of BBH 16 June 1999 1 16.06.99 13:43 Agenda Introduction Strategy Development in Russia, Ukraine and the Baltic States Outlook 2 16.06.99 13:43 BBH Swedish registered company located in Stockholm − Established jointly by Hartwall and Pripps in 1991 BBH has expanded rapidly since 1991 Interests in eleven breweries and eight malteries in Russia, Ukraine and the Baltic States Leading player on the brewery markets in this region 3 16.06.99 13:43 BBH - Ownership structure Pripps Hartwall Ringnes 50% 50% BBH Russia Ukraine Baltic States Breweries Baltika (74%) Slavutich (70%) Kalnapilis (86%) - Lithuania Don Pivo (83%)* Kolos (92%)** Utenos Alus (50%) - Lithuania Yarpivo (53%) Aldaris (75%) - Latvia Taopin (69%) Saku (75%) - Estonia Chelyabinskpivo (75%**) Malteries Baltika (30%) Slavuta (66%) Litmalt (50%) - Lithuania Yarpivo (100%) Kolos (100%) Utenos (100%) - Lithuania Taopin (100%) Chelyabinskpivo (100%**) * Owned by Baltika ** After agreed ownership increases 4 16.06.99 13:43 BBH - A Successful Strategy Acquire majority interests in local breweries − Local brands − Local management − Local ownership Quality improvements − Modern technology − Beer of western quality − Extensive personnel development Support from BBH in marketing, sales and distribution Brand strategy with focus on main stream quality segment Volume growth through capacity expansion BBH “Family concept” 6 16.06.99 13:43 BBH - Sales volumes 1991-1998 Million litres 913 639 460 202 160 74 14 33 -
Annual Report 2004 1 Profi Le 2 CEO Statement 4 Key fi Gures and fi Nancial Ratios, 5 Years
Annual Report 2004 1 Profi le 2 CEO statement 4 Key fi gures and fi nancial ratios, 5 years 8 Management review 24 Shareholder information 27 Corporate Governance 28 The Carlsberg Foundation 30 Corporate social responsibility 32 Environment 36 Financial review 42 Adoption of IFRS 46 Risk management 50 Accounting policies 55 Income statement 56 Balance sheet 58 Movements in capital and reserves 60 Cash fl ow statement 61 Notes 78 Group companies 80 Management statement 81 Auditors’ report 82 Board of Directors and Executive Board Carlsberg Pilsner – a 100-year-old brand 2004 marked the 100th anniversary of the fi rst Carlsberg Pilsner being bottled at the Carlsberg brewery in Copenhagen and the distribution of the new brand in the brewery’s own drays. The brewery thus gained control of deliveries of a beer with a light and fresh taste, a clear, bright colour, a fi ne white head and – not least – a stable and high quality. The new beer was given a new oval label. It was green with a white edge and featured the distinctive Carlsberg logo designed by the architect Thorvald Bindesbøll on the occasion of the brewery’s 50th anniversary in 1897. Carlsberg A/S Carlsberg Pilsner was embraced by consumers. Today, its distribution CVR No. 61056416 covers most of the world and Carlsberg is the fastest growing international Ny Carlsberg Vej 100 brand and … Probably the best beer in the world. DK-1760 Copenhagen V, Denmark Phone: +45 3327 3300 Fax: +45 3327 4701 This report is provided in Danish and English. E-mail: [email protected] In case of any discrepancy between the two versions, the Danish wording shall apply.