Notes to the Balance Sheet and the Profit and Loss Account for the financial year 1993 of Heineken N.V. General 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, pensions, etc. of members and former members of the Executive Board and that of members and former members of the Supervisory Council were 8,511 (1992: 5,348) and 425 (1992: 415) 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 calculated in accordance with the accounting policies for the valuation of assets and liabilities as stated on pages 44 ff. 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 value according to the stated policies and the price paid 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, or if this is not sufficient against the general reserve, in so far as this difference in value does not relate to the changes in paid-up share capital, the earnings of and the dividends from this Group company. The profit and loss account has been drawn up in accordance with the accounting policies as stated on pages 44 ff. Financial fixed assets Total Group companies Shares Accounts receivable Position on January 1, 1993 Revaluation Profit of Group companies Dividend payments by Group companies Other movements 4,014,857 55,955 497,455 339,227 356,194 1,759,279 55,955 497,455 339,227 2,255,578 356,194 Position on December 311993 4,473,324 The cumulative amount of the revaluations included in the book value as at December 31 1993, is: 364,000 1,861,552 364,000 2,611,772 60

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 1993 | | pagina 67