Ten years Heineken
52
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
Turnover and profit
(in millions of guilders)
Net turnover
6,684
6,402
6,135
4.612
4.215
3,613
3,230
2.873
2,672
2,470
Trading profit
513
454
412
378
294
260
197
247
256
248
in of net turnover
7.7
7.1
6.7
8.2
7.0
7.2
6.1
8.6
9.6
10.0
in of the total capital employed
8.9
8.7
8.3
9.6
7.9
7.8
6.3
9.0
10.4
10.9
Interest cover
7.1
7.7
8.6
15.4
8.9
4.4
3.2
6.3
7.3
6.9
Net profit
285
265
229
198
153
120
83
126
119
110
in of shareholders equity
12.7
12.1
11.0
10.9
8.9
7.6
5.9
9.9
10.6
12.0
Dividend 2)
90
67
67
67
51
51
51
51
41
32
in of net profit 2)
31.5
25.4
29.4
34.0
33.0
42.0
60.9
35.4
34.1
29.5
Bonus shares
(in millions of guilders)
Increase in share capital
161
120
72
58
Cash payment
40
-
-
30
-
-
18
-
14
-
Distribution from reserves
201
-
-
150
-
-
90
-
72
-
Percentage increase
331/3
331/3
-
-
25
25
Per share of N.fl.25.-
(in guilders)
Cash flow 3) 4)
23 98
21.62
21.00
18.49
16.12
14.95
12.17
12.03
10.85
10.14
Net profit 3)
11.11
10.33
8.92
7.73
5.96
4.69
3.24
4.89
4.62
4.27
Dividend 2) 3)
3.50
2.63
2.63
2.63
1.97
1.97
1.97
1.97
1.58
1.26
Shareholders' equity 3)
87.51
85.63
81.16
71.08
67.20
61.67
54.65
49.67
43.44
36.11
Bonus shares (par value)
8.33
8.33
6.25
6.25
Cash payment
2.08
-
-
2 08
-
1.56
-
1.56
-
Source and application of funds
(in millions of guilders)
Cash flow
678
598
588
499
43(
392
314
373
286
267
Fixed assets
517
497
638
306
238
214
387
416
275
210
Working capital
114
12
62
114
- 67
- 139
122
- 48
- 20
60
Dividend
130
73
74
88
51
51
73
58
47
32
Application of funds
761
582
774
508
222
126
582
426
302
302
Long-term debts, etc.
251
118
126
30
6
22
136
21
- 2
9
Increase in balance of cash and securi
ties
and indebtedness to bankers 168 134 - 60 21 214 288 - 132 - 32 - 18 - 26
1) the financial years up to 1978 ended on September 30, the figures for 1984 and previous years have been adjusted as far as possible for comparison in view of
the statutory provisions effective as from 1984.
2) 1979 relates to the financial year 1978/1979 of 15 months.
3) after adjustment for bonus issue.
Calculated on the basis of net profit, depreciation and movements in provisions after deduction of the part allocable to minority interests.