Notes to the Balance Sheet and the Profit and Loss Account
for the Financial Year 1997 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,
paragraphi,Titleg,Bool<2ofthe Netherlands Civil
Code, in respect of the remuneration, pensions, etc.
of members and former members of the Executive
Board and those of members and former members
of the Supervisory Board, disbursed by the company
were as follows:
1997 1996
Executive Board members 5,779 5,096
Supervisory Board members 478 491
For consideration of privacy no split has been
made between remuneration of current and former
members of the Executive Board, given that the
latter category comprises a single person.
No amounts were paid to former members of the
Supervisory Board.The total number of shares in the
Company held by the members of the Supervisory
Board as a whole totalled 5, 000 on December 31,
1997. As of December 31,1997, no option rights are
held by members ofthe Supervisory Board.
As of December 311997, the total number of shares
intheCompanyheldbythemembersofthe
Executive Board stood at 225. As of December 31,
1997, no convertible bonds and option rights are
held by members of the Executive Board.
Accounting policies for the valuation of assets
and liabilities and the determination of income
Shares in Croup companies are valued at net asset
value calculated in accordance with the accounting
policies for the valuation of assets and liabilities as
stated on page 50 onwards.
Accounts receivable from Croup companies are sta
ted at par value as are: accounts receivable, cash at
banks and in hand, long-term debts and current
liabilities.
Goodwill, being the negative difference between the
value according to the stated accounting policies
and the price paid upon the acquisition of Croup
companies is debited to the general reserve.
Positive differences are credited to the revaluation
reserve. The difference between the value of a Croup
company at the beginning and end ofthe financial
year is offset against the revaluation reserve, or
where this is insufficient against the general reser
ve, in so far as this difference in value does not rela
te to the changes in paid-up share capita I, the ear
nings and the dividends from the given Croup
company.
The profit and loss account has been drawn up in
accordance with the accounting policies as stated
on page 52 onwards.
Financial fixed assets Croup companies
Accounts
Total Shares receivable
Position on January 1,1997 4,762,584 1,746,700 3,015,884
Revaluation 3,394 3,394
Profit of Croup companies 721,555 721,555
Dividend payments by Croup companies - 388,053 -388,053
Other movements -740,168 - -740,168
Position on December3i, 1997 4,359,312 2,083,596 2,275,716
The cumulative amount of the revaluations
included in the book value as at
December 31,1997, is: - -
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