Heineken N.V. annual accounts 1988
40
Personnel costs
1988
1987
Salaries and wages
Pension costs
Other social security costs
Other personnel costs
Personnel costs capitalized in connection with production
of tangible fixed assets for own purposes
1,003,008
55,077
240,284
174,774
1,473,143
32,588
1,440,555
943,779
51,480
227,529
166,448
1,389,236
30,935
1,358,301
The average number of employees was:
Production personnel
Other personnel
Heineken N.V. and subsidiaries
Heineken N.V. and Group companies
Depreciation and value adjustments
13,007
12,785
25,792
28,719
12,748
12,746
25,494
28,418
0
Depreciation on tangible fixed assets
Other value adjustments of tangible fixed assets
Withdrawal from investment facilities equalization account
Value adjustments of other assets
424,621
170
424,791
18,303
9,404
415,892
370,428
19,900
390,328
16,263
12,349
386.4'14
Dividend from non-consolidated participations
Dividends received in the year 21,690 10,561
Dividend from non-consolidated participations in 1988
includes a non recurring item of N.fl. 11.3 million before
taxes.
Interest
Interest paid
Interest received on cash deposits, etc.
127,406 110,239
- 35,114 - 62,569
92,292 47,670
Interest received on cash deposits, etc. in 1987 includes a
profit before taxes of N.fl. 23.3 million upon the sale of
marketable securities.
Taxes
Taxes on profit 160,303 176,838
Taxes amount to 36.0% (1987 38.2%) 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.