Source and application of funds Heineken N.V. annual accounts 1988 (in thousands of guilders) Source Group profit after taxes Depreciation and value adjustments Movements in provisions Cash flow 41 1988 1987 306,383 415,892 48,924 297,102 386,414 21,344 771,199 704,860 Application Investments less disposals in tangible fixed assets 571,367 595,975 Investments less disposals in financial fixed assets 10,574 63,013 Increase in interests in consolidated participations 220,038 22,704 Movement in working capital, excluding cash at bank and in hand, securities and indebtedness to credit institutions 154,140 26,494 956,119 708,186 Dividends paid 94,750 97,996 1,050,869 806,182 Financing Balance of source and application Minority interests in the issue by subsidiaries Long-term borrowings Investment facilities received Repayments on long-term debts Movement in cash at bank and in hand, securities and indebtedness to credit institutions The balance of cash at bank and in hand, securities and indebtedness to credit institutions consists of: Cash at bank and in hand Securities Indebtedness to credit institutions 279,670 71,543 154,656 31,933 21,538 137,286 158,824 454,104 46,766 212,831 101,322 8,333 121,256 20,544 48,811 193,162 - 144,351 611,641 36,841 •201,619 Position on December 31 288,039 446,863 Movements as a result of revaluation and changes in the extent of the consolidation have been eliminated in the above statement, with the exception of the working capital.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 1988 | | pagina 50