(TheDrinksBusiness) - Forbes magazine has published its top 100 most innovative companies, but which drinks companies appeared on the list?

Written by Jeff Dyer and Hal Gregersen, the top 100 most innovative companies is based on series of economic factors including “market capitalisation”, cash flows and equity investments.

The magazine also requires firms to have published seven years of public financial data, which is why Facebook does not currently appear in the list.

In addition Forbes requires a certain percentage of sales to be spent on research and development. All these factors, plus several others combine to create Forbes‘ “innovation premium”, allowing the magazine to develop its list of innovative companies. Full details of how Forbes calculates the ratings can be found here.

In terms of drinks companies, six made it into the top 100, can you guess which companies these are and the order they appear in?

5 – Carlsberg (66)

Danish brewer Carlsberg is the fifth most innovative drinks company, ranking 66th overall in Forbes‘ list. Carlsberg’s portfolio consists of over 500 beer brands and the brewery has operations in Northern, Western and Eastern Europe as well as in Asia. With over 41,000 employees, Forbes also lists Carlsberg as generating US$11.61 billion in sales, with $7.09bn in debt, $1.02bn cash on hand and $27.24bn in assets.