ECONOMIC SUS TA INABILITY
Ratios 2003 2002*
Operating profit as of net turnover
13.2
15.1
Operating profit as of total assets
11.2
16.5
Net profit as of shareholders' equity
25.2
30.1
Dividend as of net profit
19.7
19.7
Group equity/other borrowed capital
0.56
0.64
Group equity/fixed assets
0.54
0.61
Current assets/current liabilities
1.25
1.10
Interest coverage ratio
9.5
12.2
Geographical distribution excluding affiliated breweries
Region Volume
1,000 hi
Operating profit
million
Employees
average FTEs
2003 2002
2003 2002
2003 2002
Western Europe
Central/Eastern Europe
The Americas
Africa/Middle East
Asia/Pacific
Total
44,727
20,611
12,511
12,706
8,413
42,242
15,671
8,380
10,558
7,997
584
83
358
149
48
553
78
416
188
47
20,076
14,829
1,534
11,378
1,316
19,460
8,507
1,451
10,462
1,377
98,968 84,848
1,222 1,282
49,133 41,257
TOWARDS SUSTAINABILITY
19
