income when working hours are shortened, the pros
pect of the situation fills us with anxiety from the angle of
As regards the policy on conditions of employment in
several individual countries, we refer to the regional re
porting in this report.
Our activities with regard to the training of personnel at
all levels are constantly increasing. At many places
within the Group our training staff is assisting in the
setting up of systems to ensure that training on the job
proceeds as efficiently as possible.
Although a number of changes in exchange rates again
occurred this year in the currencies of countries in
which we have participations, their effect on Group tur
nover and earnings was very small.
The extension of our interests in various enterprises,
explained in further detail on page 11 of this annual
report, similarly had only a small effect on the 1980
The statement of income may be shown in condensed
form as follows (in millions of guilders):
Revenues less charges
L'Wend from partici
The geographical break-down of sales of beer brewed
under the supervision of Heineken was asTollows (in
thousands of hectolitres):
Middle and Far East
'including the Netherlands
Turnover, comprising Sales proceeds and Miscel
laneous income, rose by 12.4% to N.fl. 3,230 million
Miscellaneous income, which includes the technical
fees and other payments, yield from rent and interest on
loans to customers, increased by over N.fl. 4 million to
nearly N.fl. 52 million.
Subdivided according to product group, Sales proceeds
were as follows (in millions of guilders):
Beer 2,481 2,114
Soft drinks 280 241
Spirits and wine 308 336
Other trading income 109 135
The rise of N.fl. 352 million in Sales proceeds is largely due
to the increase in selling prices.
The rise of N.fl. 407 million in Costs is mainly due to
price increases both in the variable costs such as raw
materials, packing materials and excise duties, and in
the fixed costs, including Salaries and social security
costs and Depreciation.
Partly as a result of some increase in the number of
employees, the item Salaries and social security costs
rose by 10.7%.
Depreciation increased as a result of the high level of
investment in recent years, as well as through revalua