Supplementary
notes
We conducted our audit in accordance with auditing
standards generally accepted in the Netherlands.
Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting
principles used and significant estimates made by
management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
In our opinion, the financial statements give a true and fair
view of the financial position as of 31 December 1995 and of
the result for the year then ended in accordance with
accounting principles generally accepted in the Netherlands
and comply with the financial reporting requirements
included in Part 9, Book 2, of the Netherlands Civil Code.
Amsterdam, March 14,1996
KPMG Accountants N.V.
Appropriation of profit
Article 12, paragraph 4, of the Articles of Association lays
down:
'From the net profit there shall in the first place be
distributed, if possible, six per cent dividend on the issued
part of the share capital. The amount then remaining shall be
at the disposal of the General Meeting of Shareholders.'
From the net profit it will be proposed that
NLG 175,607,000 be appropriated for payment of dividend
and that NLG 488,810,000 be added to the general reserve.
Special rights under the Articles of Association
Article 7, paragraph 2, of the Articles of Association reads:
'The appointment of the members of the Executive Board
and of the Supervisory Council shall be made by the General
Meeting of Shareholders from a binding nomination of at
least two persons, to be drawn up for each appointment by
the Supervisory Council.'
Heineken N.V. is not a 'structuurvennootschap' pursuant to
the Netherlands Civil Code.
Heineken Holding N.V., a company listed on the
Amsterdam Stock Exchange, holds 50.005% of the shares of
Heineken N.V.
Auditors' Report
We have audited the financial statements 1995 of Heineken
N.V., Amsterdam, as included on pages 39 to 62 of this
report. These financial statements are the responsibility of the
company's management. Our responsibility is to express an
opinion on these financial statements based on our audit.
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