Supplementary notes
Auditors' Report
Introduction have audited the 1997 financial
statements of Heineken N.V., Amsterdam, as
included on pages 45 to 68 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.
Scope 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 reason
able 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.
Opinion jn our 0pjni0rii the financial statements
give a true and fair view of the financial position
of the company as at December 31, 1997 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 12, 1998
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 585,779,000 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 Exchanges N.V., holds 50.005% of the
shares of Heineken N.V.
Post-balance sheet events
On March 9, 1998 it was announced by Heineken
that the interest in the Polish brewery company
Zywiec S.A. had been increased from 31.8% to
50%. This is the result of a public offer made by
Heineken on January 30, 1998. This involves an
investment of NLG no million.
HEINEKEN N. V.
SUPPLEMENTARY
NOTES
19 9 7
69