Albani Bryggerierne A/S (Eng.: Albani Breweries ) is a brewery located in Odense , Denmark , and the vast majority of its customers live on the island of Funen . The brewery was founded by MPharm Theodor Schiøtz in 1859. In 2000, the brewery merged with Bryggerigruppen with the Brewery group (now known as Royal Unibrew ), a group of Danish regional breweries.
31-589: Albani is most known for two of its beers, Odense Pilsner and Odense Classic . Odense Pilsner is a pilsener . The taste is balanced between malt and fruit. Two different varieties of hops are used, both come from Hallertau in Germany . It has been brewed since 1934 and was originally not part of the Albani Brewery's portfolio, but was introduced to the product line with the acquisition of Bryggeriet Odense . Alcohol by volume: 4.6% Odense Classic
62-681: A clear, golden beer. By 1853, the beer was available at 35 pubs in Prague . In 1856, it came to Vienna and in 1862 to Paris. In 1859, Pilsner Bier was registered as a brand name at the Chamber of Commerce and Trade in Plzeň. In 1898, the Pilsner Urquell trademark was created to put emphasis on being the original brewery ( Urquell, meaning 'original source'). Some beers are labeled Urtyp Pilsener (UP) meaning they are brewed according to
93-493: A company purchases less than 20% of the outstanding common stock , the purchasing company's influence over the acquired company is not significant. (APB 18 specifies conditions where ownership is less than 20% but there is significant influence.) The purchasing company uses the cost method to account for this type of investment. Under the cost method, the investment is recorded at cost at the time of purchase. The company does not need any entries to adjust this account balance unless
124-456: A group company as consolidated financial statements . The taxation term of consolidation refers to the treatment of a group of companies and other entities as one entity for tax purposes. Under the Halsbury's Laws of England , amalgamation is defined as "a blending together of two or more undertakings into one undertaking, the shareholders of each blending company, becoming, substantially,
155-412: A new entity. There are three forms of business combinations: A parent company can acquire another company by purchasing its net assets or by purchasing a majority share of its common stock. Regardless of the method of acquisition, the costs (including direct costs, costs of issuing securities and indirect costs) are treated as follows: Treatment to the acquiring company: When purchasing the net assets
186-418: A part of its product range. In 1989, it was marketed under its current name, honouring Hans Christian Andersen . A small batch of HC Andersen is brewed every year, and released on Andersen's birthday, April 2. Each year's labels depict a different paper cutting by Hans Christian Andersen. The bottles are also serial numbered. As a result, the beer has become a collector's item. The beer is bottom fermented and
217-399: Is a pilsener , though it has a more dark colour than ordinary beers of the same type. The beer has a more rounded, but still powerful taste of malt and hops. It was introduced at the brewery's 140th anniversary in 1999. Alcohol by volume: 4.6% Odense Rød Classic ( Danish for Odense Red Classic ) is a Vienna lager. A mixture of dark caramel malt and Münchener malt is used. The result
248-466: Is a dark beer with a somewhat rounded taste. The colour is dark golden red, which might be the source of the name. Alcohol by volume: 4.6% Giraf Beer is a strong pilsener . It was first brewed in 1962, when Odense Zoo 's giraffe ( Danish : giraf ) Kalle was found dead, as the Albani Breweries had previously used this giraffe in its advertisement , it decided to create a special beer,
279-418: Is a decline in the value of the investment other than temporary. When the amount of stock purchased is between 20% and 50% of the common stock outstanding, the purchasing company's influence over the acquired company is often significant. The deciding factor, however, is significant influence. If other factors exist that reduce the influence or if significant influence is gained at an ownership of less than 20%,
310-728: Is a strong pilsener , and the Albani Breweries' traditional beer for the Easter season. Easter beers were Denmark's first seasonal beers in Denmark, and were introduced by Carlsberg in 1905. The Påskebryg was introduced in the 1950s and is brewed from a mixture of dark and light malt. Alcohol by volume: 5,6% Albani also produces two light beers, Odense Light and Odense Extra Light , as light alternatives to its original pilsener. These beers are brewed using light pilsener malt, Münchner malt, and caramel malt. Odense Light: Alcohol by volume: 2.6% Odense Extra Light: Alcohol by volume: 0.05% At
341-450: Is matured longer than ordinary beer. The result is a beer with a light taste, considering its high alcohol content. Alcohol by volume: 9% Albani produces two Christmas beers Blålys ( Danish for Blue light ) and Rødhætte ( Danish for Red Riding Hood ). Blålys was introduced in 1960, although it was not Denmark's first Christmas beer, Blålys effectively started the tradition of Danish Christmas beers. Denmark's first Christmas beer
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#1732782996480372-418: Is not amortized or reduced until it is permanently impaired, or the underlying asset is sold. When the amount of stock purchased is more than 50% of the outstanding common stock, the purchasing company has control over the acquired company. Control in this context is defined as ability to direct policies and management. In this type of relationship the controlling company is the parent and the controlled company
403-514: Is refreshing, savoury and strong. Try it! ) This quote is occasionally used in the company's marketing. 55°23′45″N 10°23′45″E / 55.39583°N 10.39583°E / 55.39583; 10.39583 Pilsener Pilsner (also pilsener or simply pils ) is a type of pale lager . It takes its name from the Bohemian city of Plzeň ( German : Pilsen ), where the world's first pale lager (now known as Pilsner Urquell )
434-406: Is the subsidiary . The parent company needs to issue consolidated financial statements at the end of the year to reflect this relationship. Consolidated financial statements show the parent and the subsidiary as one single entity. During the year, the parent company can use the equity or the cost method to account for its investment in the subsidiary. Each company keeps separate books. However, at
465-474: The World Beer Cup . Pilsner style lagers are marketed internationally by numerous small brewers and larger conglomerates. Consolidation (business) In business , consolidation or amalgamation is the merger and acquisition of many smaller companies into a few much larger ones. In the context of financial accounting , consolidation refers to the aggregation of financial statements of
496-504: The cellars beneath their brewery. This changed in 1993 with the use of large cylindrical tanks. Small samples are still brewed in a traditional way for taste comparisons. A modern pale lager termed a pilsner may have a very light, clear colour from pale to golden yellow, with varying levels of hop aroma and flavour. The alcohol strength of beers termed pilsner vary but are typically around 4.5%–5% (by volume). There are categories such as "European-Style Pilsner" at beer competitions such as
527-410: The acquiring company records in its books the receipt of the net assets and the disbursement of cash, the creation of a liability or the issuance of stock as a form of payment for the transfer. Treatment to the acquired company: The acquired company records in its books the elimination of its net assets and the receipt of cash, receivables or investment in the acquiring company (if what was received from
558-868: The beer's clarity and shelf-life . Part of this research benefited from the knowledge already expounded on in a book (printed in German in 1794, in Czech in 1799) written by Czech brewer František Ondřej Poupě (German: Franz Andreas Paupie ) (1753–1805) from Brno . The Plzeň brewery recruited the Bavarian brewer Josef Groll (1813–1887) who, using the local ingredients, produced the first batch of pale lager on 5 October 1842. The combination of Plzeň's remarkably soft water, local Saaz noble hops from nearby Žatec , low-protein Moravian barley malt prepared by indirectly heated kilning, and Bavarian -style lagering produced
589-602: The country; Sønderborg Bryghus, Bryggeriet Slotsmøllen, Baldur, and Maribo Bryghus, in each case, Albani taking control of the other company. Albani Breweries A/S merged with the Royal Unibrew group in 2000. Other names used by the group are: Denmark's best known poet and author, Hans Christian Andersen , was very fond of Albani beers. In a letter to a friend he described Albani beer as: Jeg kan ikke rose denne øl højt nok. Den er forfriskende, delikat og stærk. Prøv den! ( Danish for I cannot recommend this beer enough. It
620-422: The disbursement of the payment for the stock acquired. Treatment to the acquired company: The acquired company records in its books the receipt of the payment from the acquiring company and the issuance of stock. FASB 141 disclosure requirements: FASB 141 requires disclosures in the notes of the financial statements when business combinations occur. Such disclosures are: Treatment of goodwill impairments: When
651-421: The end of the year, a consolidation working paper is prepared to combine the separate balances and to eliminate the intercompany transactions, the subsidiary's stockholder equity and the parent's investment account. The result is one set of financial statements that reflect the financial results of the consolidated entity. There are three forms of combination: (1) horizontal integration: the combination of firms in
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#1732782996480682-402: The equity method may be appropriate (FASB interpretation 35 (FIN 35) underlines the circumstances where the investor is unable to exercise significant influence). To account for this type of investment, the purchasing company uses the equity method . Under the equity method, the purchaser records its investment at original cost. This balance increases with income and decreases for dividends from
713-426: The investment is considered impaired or there are liquidating dividends, both of which reduce the investment account. Liquidating dividends : Liquidating dividends occur when there is an excess of dividends declared over earnings of the acquired company since the date of acquisition. Regular dividends are recorded as dividend income whenever they are declared. Impairment loss : An impairment loss occurs when there
744-463: The original process, although many breweries use this accolade for their top beer. The introduction of modern refrigeration to Germany by Carl von Linde in the late 19th century eliminated the need for caves for beer storage, enabling the brewing and storing of cool fermenting beer in many new locations. Until 1993 the Pilsner Urquell brewery fermented its beer using open barrels in
775-451: The profits of which would be spent on purchasing a new giraffe for the zoo. The first year's production raised enough funds to buy two giraffes for the zoo. Red: Alcohol by volume: 7.3% Black: Alcohol by volume: 10.0% HC Andersen is a strong ale -type beer, first brewed in 1988 when the Albani Breweries decided to create a special beer to celebrate Odense's 1,000th anniversary. The beer became so popular that Albani decided to keep it as
806-403: The shareholders of the blended undertakings. There may be amalgamations, either by transfer of two or more undertakings to a new company or the transfer of one or more companies to an existing company". Consolidation is the practice, in business, of legally combining two or more organizations into a single new one. Upon consolidation, the original organizations cease to exist and are supplanted by
837-409: The subsidiary that accrue to the purchaser. Treatment of Purchase Differentials : At the time of purchase, purchase differentials arise from the difference between the cost of the investment and the book value of the underlying assets. Purchase differentials have two components: Purchase differentials need to be amortized over their useful life; however, new accounting guidance states that goodwill
868-401: The transfer included common stock from the purchasing company). If the acquired company is liquidated then the company needs an additional entry to distribute the remaining assets to its shareholders. Treatment to the purchasing company: When the purchasing company acquires the subsidiary through the purchase of its common stock, it records in its books the investment in the acquired company and
899-518: The turn of the twentieth century there was a large consolidation in the Danish brewing industry, where the larger city breweries typically bought the smaller countryside breweries. Albani was part of this development, buying smaller breweries in Odense and around the island of Funen. Later, when Albani had a near monopoly on beer distribution on Funen, Albani started acquiring breweries in other parts of
930-669: Was produced by the Carlsminde brewery and had been introduced the previous year. Albani acquired Carlsminde in 1972. Both Blålys and Rødhætte are dark lagers . The label depicts the church-like Gallery Tower of the brewery cover covered in snow. This is the reason why many people originally referred to the Christmas beer as the church beer . This only lasted a few years until other breweries introduced their own Christmas beers. Blålys: Alcohol by volume: 7% Rødhætte: Alcohol by volume: 5.6% Påskebryg ( Danish for Easter Brew),
961-569: Was produced in 1842 by Pilsner Urquell Brewery . The city of Plzeň was granted brewing rights in 1307. Until the mid-1840s, most Bohemian beers were top- fermented . The Pilsner Urquell Brewery, originally called in German : Bürger-Brauerei Pilsen ( Czech : Měšťanský pivovar Plzeň , English: Plzeň Citizens' Brewery ), is where Pilsen beer was first brewed. Brewers had begun aging beer made with cool fermenting yeasts in caves ( lager , i.e., German : gelagert [stored]), which improved