Ten years Heineken 50 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 Turnover and profit (in millions of guilders) Net turnover 7,291 6,659 6,684 6.402 6,135 4,612 4,215 3.613 3,230 2,873 Trading profit 537 511 513 454 412 378 294 260 197 247 in of net turnover 7.4 7.7 7.7 7.1 6.7 8.2 7.0 7.2 6.1 8.6 in of the total capital employed 8.2 8.4 8.9 8.7 8.3 9.6 7.9 7.8 6.3 9.0 Interest cover 6.1 7.3 7.1 7.7 8.6 15.4 8.9 4.4 3.2 6.3 Net profit 291 287 285 265 229 198 153 120 83 126 in of shareholders' equity 10.5 11.6 12.7 12.1 11.0 10.9 8.9 7.6 5.9 9.9 Dividend 2) 90 90 90 67 67 67 51 51 51 51 in of net profit 2) 30.9 31.4 31.5 25.4 29.4 34.0 33.0 42.0 60.9 35.4 Bonus shares (in millions of guilders) Increase in share capital - - 161 - - 120 - - 72 - Cash payment - - 40 - 30 - - 18 - Distribution from reserves 201 150 90 Percentage increase - - 331/3 - - 331/3 - 25 - Per share of N.fl. 25.- (in guilders) Cash flow 3) 4) 27.56 23.67 23.98 21.62 21.00 18.49 16.12 14.95 12.17 12.03 Net profit 3) 11.32 11.16 11.11 10.33 8.92 7.73 5.96 4.69 3.24 4.89 Dividend 2) 3) 3.50 3.50 3.50 2.63 2.63 2.63 1.97 1.97 1.97 1.97 Shareholders' equity 3) 107.91 95.94 87.51 85.63 81.16 71.08 67.20 61.67 54.65 49.67 Bonus shares (par value) - - 8.33 - - 8.33 - - 6.25 - Cash payment - - 2.08 - - 2.08 - - 1.56 - Source and application of funds (in millions of guilders) Cash flow 771 705 678 598 588 499 430 392 314 373 Fixed assets 802 682 517 497 638 306 238 214 387 416 Working capital 154 26 114 12 62 114 - 67 - 139 122 - 48 Dividend 95 98 130 73 74 88 51 51 73 58 Application of funds 1.051 806 761 582 774 508 222 126 582 426 Financing 121 - 43 251 118 126 30 6 22 136 21 Movements in balance of cash and securi ties and indebtedness to bankers - 159 - 144 168 134 - 60 21 214 288 - 132 - 32 1) The figures for 1983 and previous years have been adjusted as far as 3) After adjustment for bonus issue. possible for comparison in view of the legal provisions effective as from Calculated on the basis of net profit, depreciation and movements in the 1984. provisions after deduction of the part allocable to minority interests. 2) 1979 relates to the financial year 1978/1979 of 15 months.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 1988 | | pagina 59