Notes to the Balance
Sheet and the Profit and
Loss Account for the
financial year 1995
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 6,349
(1994: 7,327) and 520 (1994: 540) 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, 1995
Revaluation
Profit of Group companies
Dividend payments by Group companies
Other movements
4,676,575
80,834
636,022
358,402
232,133
1,913,740
80,834
636,022
358,402
2,762,835
232,133
Position on December 31,1995 5,105,494
The cumulative amount of the revaluations
included in the book value as at December 31
1995, is: 143,000
2,110,526
143,000
2,994,968
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