eview of Heineken
229
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
Turnover and profit
in millions of guilders
Net turnover
9,049
8,944
8,696
8,210
7,820
7,291
6,659
6,684
6,402
6,135
Trading profit
798
733
730
613
572
537
511
513
454
412
in of net turnover
8.8
8.2
8.4
7.5
7.3
7.4
7.7
7.7
7.1
6.7
in of the total capital
employed
9.8
9.4
9.2
8.2
8.0
8.2
8.4
8.9
8.7
8.3
Interest cover
342.7
22.0
9.2
8.0
6.9
6.1
7.3
7.1
7.7
8.6
Net profit incl.
extraordinary income
519
564
443
366
325
291
287
285
265
229
Net profit1
519
463
410
366
325
291
287
285
265
in of shareholdersequity 1
13.1
12.7
12.2
11.6
11.0
10.5
11.6
12.7
12.1
11.0
Dividend
140
140
112
112
112
90
90
90
67
67
in of net profit1
27.1
30.4
27.4
30.7
34.5
30.9
31.4
31.5
25.4
29.4
Bonus shares
in millions of guilders
Increase in share capital
-
201
-
-
161
-
-
161
-
-
Cash payment
-
22
-
-
18
-
-
40
-
-
Distribution from reserves
-
223
-
-
179
-
-
201
-
-
Percentage increase
25
25
3 3'A
Per share of NLG 25
in guilders
Cash flow from operations 2
30.86
25.09
27.62
22.79
21.07
15.37
16.92
14.05
14.60
13.10
Net profit1
12.92
11.53
10.21
9.11
8.11
7.24
7.14
7.11
6.61
5.71
Dividend
3.50
3.50
2.80
2.80
2.80
2.24
2.24
2.24
1.68
1.68
Shareholders' equity
98.98
90.95
83.88
78.38
73.55
69.06
61.40
56.01
54.81
51.94
Bonus shares (par value)
-
6.25
-
-
6.25
-
-
8.33
-
-
Cash payment
-
0.69
-
-
0.69
-
-
2.08
-
-
Statement of cash flows 3
in millions of guilders
Cash flow from operations
1,239
1,127
1,139
915
846
617
679
564
586
526
Fixed assets investments
614
644
1,020
598
738
802
682
517
497
638
Dividend
159
170
124
136
125
95
98
130
73
74
773
814
1,144
734
863
897
780
647
570
712
Financing
80
- 43
- 160
56
99
121
43
251
118
126
Net cash flow
546
270
- 165
237
82
- 159
- 144
168
134
- 60
1 Calculated on the basis of net profit excluding extraordinary income.
2 As from 1993 calculated on the basis of cash flow from operations excluding extraordinary income. The pre-1993figures have
been adjusted for comparison.
3 As from 1993 the cash flow from operations is shown here. The pre-1993 figures have been adjusted for comparison.
64