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Q. What is the relationship
between Anadolu Efes and EBI?


A. Anadolu Efes owns 70.2% of EBI which conducts brewing operations in Southeast Europe, Russia and Central Asia.

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EBI
HIGHLIGHTED BALANCE SHEET ITEMS
as of 31.12.2002 and 31.12.2003 (m USD)
Prepared in accordance with IFRS
 
2002
2003
Cash, cash equivalents and marketable securities
39,0
32,7
Trade receivables, net
10,0
17,7
Inventories
17,4
37,8
Total current assets
84,6
108,1
Intangible assets
3,6
65,3
Property, plant and equipment, net
190,0
267,6
Other non-current assets
1,7
2,4
Total non-current assets
198,4
340,5
Trade payables
10,8
19,5
Short-term borrowings (including current portion of long-term debt and lease obligations)
34,1
45,7
Total current liabilities
57,7
90,9
Long-term debt - (net of current portion and including lease obligations)
36,7
71,5
Total non-current liabilities
47,4
84,9
Minority Interests
25,8
53,8
Shareholder's Equity
152,1
219,1
Total Assets
283,0
448,6
Note 1: Interbrew Efes Brewery in which Efes Breweries International holds 50% stake is accounted for by using proportionate consolidation.
Note 2: Figures for Efes Breweries International are obtained from audited financial results prepared in accordance with IFRS.
Summary financials for the period ended 31.03.2004 and 31.03.2005
Summary financials for the period ended 31.12.2004
Summary financials for the period ended 30.09.2004
Summary Income Statement for the period ended 30.06.2003 and 30.06.2004
Highlighted Balanced Sheet Items as of 30.06.2004
Summary Income Statement for the periods ended 31.12.2002 and 31.12.2003