5
a
Key figures 1977/1978
year under previous year percentage
review increase
Results (in millions of guilders)
turnover (incl. excise duties) 2,671.6 2,470.2 8.2
trading profit 256.2 248— 3.3
net profit 118.7 109.6 8.3
dividend 40.5 32.4 25-
The net profit for the period October 1977 to March 1978 was N.fl. 37,864,000.
compared with N.fl. 37,120,000.in the corresponding period of the previous
financial year.
For the first half-year of 1977/1978 the participations in Zaire and in the Italian
Dreher group have been included in the consolidated accounts in the same way
as in the annual figures for 1976/1977.
There was again a further growth this half-year in the total volume of sales, despite
the fact that sales were down in several markets for incidental reasons.
The trading profit amounted to 7.1% of turnover.
The increase in interest charges is mainly due to the extension of the consolidation.
In the light also of the present course of affairs we believe it is justified to take a
moderately optimistic view of the further developments in this financial year.
Amsterdam, May 16, 1978 The Board of Managing Directors
after adjustment of previous year for bonus distribution.
calculated on the basis of net profit and depreciation after deduction of the part allocable to minority interests
Beer brewed under the supervision of Heineken (in millions of hectolitres)
23.4
22.1
21.5
1977/1978
1,181,541
17,777
1,199,318
560,483
238,559
235,326
79,841
17,701
988
16,713
1,724
1,052
1,114,209
85,109
16,041
69,068
33,484
35,584
1,300
36,884
980
37,864
1976/1977
1,040,501
19,437
1,059,938
495,212
222,596
196,378
64,824
15,479
1,535
13,944
1,252
36
979,010
80,928
12,728
68,200
34,257
33,943
2,376
36,319
801
37,120
1977/78
1976/77
1975/76
CONSOLIDATED STATEMENT OF INCOME
OCTOBER 1 TO MARCH 31
(in thousands of guilders)
Sales proceeds
Miscellaneous income
TURNOVER
Raw materials, other materials and services
Excise duties
Salaries and social security costs
Depreciation
TRADING PROFIT
Interest paid
Interest on cash deposits and securities
Miscellaneous revenues
Miscellaneous charges
PROFIT BEFORE TAX
Taxation on profit
Dividend from participations
GROUP PROFIT
Minority interests
NET PROFIT
