Capital structure
The total capital employed amounted to N.fl. 1,387.3 million at the end of the financial year,
compared with N.fl. 1,147.6 million at September 30, 1972.
Pursuant to the resolution by the General Meeting of Shareholders held on February 22, 1973, the
issued share capital has been increased by the private placement of 2,000 shares with a par value
of N.fl. 25.and by a 10% share distribution from the Share premium account. A specification
of these movements is given on page 29.
As a result of these movements, as well as of those in the General reserve and the Revaluation
reserve, of which specifications are given on pages 29 and 30, the shareholders' equity rose by
N.fl. 60.9 million to N.fl. 576.3 million, which amount corresponds to 41.5% of the total capital
employed (previous year: 44.9%).
Statement of Income
The consolidated Statement of Income for the financial year 1972/1973 closes with a balance of
profit of over N.fl. 79 million, which is about N.fl. 3.5 million (more than 4.6°0) higher than the
figure for 1971/1972. In this connection it should be borne in mind that the net income for
1971/1972 included N.fl. 4.3 million in the form of dividends subsequently received from newly
consolidated enterprises, compared with N.fl. 0.6 million in 1972/1973
APPROPRIATION OF PROFIT
According to the Profit and Loss Account published on page 45, the net profit
amounts to N.fl. 79,045,000
In accordance with Article 12 of the Articles of Association it is proposed that
there be made available for payment of dividend 24,899,000
(corresponding to N.fl. 3.50 per share of N.fl. 25.par value)
and that the remainder amounting to N.fl. 54,146,000
be added to the General reserve.
This appropriation of profit has already been incorporated in the consolidated Statement of Finan
cial Condition and in the Balance Sheet of Heineken N.V.
AMSTERDAM, FEBRUARY I974
HEINEKEN
TON
VAN MARWIJK KOOY
VAN DER WERF
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