Notes to the Balance Sheet and the Profit and Loss Account for the financial year 1988 46 The amounts stated in the notes are in thousands of guilders, unless indicated otherwise. The aggregate amounts referred to in Article 383, paragraph 1, Title 9, Book 2 of the Netherlands Civil Code, in respect of the remuneration, etc. of members and former members of the Executive Board and that of members and former members of the Supervisory Council were 5,243 (1987: 5,195) and 340 (1987: 354) respectively. Accounting policies for the valuation of assets and liabilities and the determination of income Shares in Group companies are valued at net asset value according to the accounting policies for the valuation of assets and liabilities followed as stated on pages 31 f.f. Accounts receivable from Group companies are stated at par value. Also stated at par value are: Accounts receivable, cash at bank and in hand, long-term debts and current liabilities. Negative differences between the price paid and the value according to the stated policies upon the acquisition of Group companies are debited to the general reserve. Positive differences are credited to the revaluation reserve. The difference between the value of a Group company at the beginning of the financial year and at the end of the financial year is offset against the revaluation reserve, in so far as this does not relate to the changes in the paid-up share capital, the earnings of and the dividends from this Group company. l) The profit and loss account has been drawn up in accordance with the accounting policies for the determination of income as stated on pages 31 f.f. General Balance sheet Financial fixed assets Group companies Total Shares Amounts receivable Position on January 1, 1988 Revaluation Profit of Group companies Dividend payments by Group companies Other movements 2,417,695 106,728 281,437 145,018 213,140 1,350,333 1,067,362 106,728 281,437 145,018 213,140 Position on December 31, 1988 2,873,982 1,593,480 1,280,502 The cumulative amount of the revaluations included in the book value as at December 31, 1988, is: 722,590 722,590

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 1988 | | pagina 55