Heineken N.V. annual accounts 1987
40
Personnel costs 1987 1986
Salaries and wages 943,779 927,339
Pension costs 51,480 46,089
Other social security costs 227,529 228,715
Other personnel costs 166,448 150,137
1,389,236 1,352,280
Personnel costs capitalized in connection with production
of tangible fixed assets for own purposes 30,935 22,680
1,358,301 1.329,600
The average number of employees was:
Production personnel
Other personnel
Heineken N.V. and subsidiaries
Heineken N.V. and Group companies
12,748 12,492
12,746 13,237
25.494 25.729
28,418 28,749
Depreciation and value adjustments
Depreciation on tangible fixed assets 370,428 327,748
Other value adjustments of tangible fixed assets 19,900 37,606
390,328 365,354
Withdrawal from Investment facilities equalization account - 16,263 - 15,457
Value adjustments of other assets 12,349 15,207
386,414 365,104
Interest
Interest paid
Interest received on cash deposits, etc.
110,239 118,592
- 62,569 - 44,768
47,670 73,824
Interest received on cash deposits, etc. in 1987 includes a
book profit of N.fl. 23 million before taxes upon the sale of
the short-term securities in relation to the financing of the
investments of one of our Group companies.
Taxes
Taxes on profit 176,838 166,829
Taxes amount to 38.2% (1986 38.0%) of the Group profit
before taxes and before dividend from non-consolidated
participations.
The tax burden is influenced not only by the nominal rates
of tax in the various countries of establishment, but also by
factors such as losses carried forward, investment- and other
facilities.