Costs and profit as a percentage of turnover 1977/1978 46% Raw materials, other materials and services 1 Interest 19% Salaries and social security costs 6% Depreciation 4% Net profit 4% Taxation on profit 20% Excise duties 100% 1976/77 1975/76 1974/75 171.7 1973/74 177.2 1972/73 161- 1971/72 148 6 1970/71 117.7 Supervisory Council and Board of Managing Directors Recommendations of the Supervisory Council Report of the Board of Managing Directors Consolidated Balance Sheet Consolidated Statement of Income Explanatory notes to the Consolidated Balance Sheet and Statement of Income Affiliated enterprises Balance Sheet of Heineken NV Profit and Loss Account of Heineken NV Explanatory notes to the Balance Sheet and Profit and Loss Account of Heineken NV Auditors' Report Key figures Graphs Ten years Heineken English translation of the original Netherlands Annual Report. Le Rapport sur I'exercice est également publié en traduction frangaise 1 hectolitre (hi) 22 Imperial gallons 26.418 U.S. gallons. 10 guilders (N.fl 10.approximately 2.41 approximately U S 4.75 (at 9/30/1978) Heineken NV 21, 2e Weteringplantsoen, 1017 ZD Amsterdam P.O. Box 28, 1000 AA Amsterdam Telephone: 020-709111 Telex: 10501 (in millions of guilders)

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 1977 | | pagina 7