Notes to the Consolidated Statement of Cash Flows
The consolidated statement of cash flows is
drawn up by the indirect method. The items
of the consolidated statement of income and
balance sheet have been adjusted for changes
which have no effect on the receipts and payments
in the financial year.
Working capital comprimises stocks, accounts
receivable and current liabilities (excluding
indebtedness to credit institutions and repayment
obligations in 1998 on long-term debts).
The cash flow from investing activities relates to
the net amount of investments and disposals.
The funds consist of cash at bank and in hand,
securities and current indebtedness to credit
institutions.
Position on January 1,1997
Revaluation/Changes in exchange rates
Changes in the consolidation
Other non-cash movements
Statement of cash flows
Position on Decemberji, 1997
Provisions Long-term Repayment
debts obligations
1,618,206 792,400 122,736
18,810 18,116 -449
-5,123 3,174 4,627
-16,133 -237,769 237,769
78,436 332,653 -272,387
1,694,196 908,574 92,296
Working capital
Position on January 1,1997 239,219
Movement concerning dividend,
interest and taxation on profit -34,551
Revaluation/Changes in exchange rates 69,158
Changes in the consolidation -23,474
Other non-cash movements -16,854
Statement of cash flows -19,642
Position on December, 1997 213,856
HEINEKEN N. V.
ANNUAL ACCOUNTS
19 9 7
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