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.