Proportionally consolidated participations
Proportional consolidation of the participations listed below takes place because control in
the companies concerned is exercised jointly and directly by virtue of an agreement with
the other shareholders.
Zagorka Brewery A. D.
Pivara Skopje A.D.
Ariana Brewery A.D.
Brasseries du Congo S.A.
Asia Pacific Breweries (Singapore) Pte. Ltd.
Shanghai M i I a Brew Co. Ltd.
Hainan Asia Pacific Brewery Ltd.
South Pacific Brewery Ltd.
Vietnam Brewery Ltd.
Cambodia Brewery Ltd.
DB Croup Ltd.
Interest
Stara Zagora (Bulgaria) 43.7%
Skopje (Macedonia) 25.2%
Sofia (Bulgaria) 40.8%
Brazzaville (Congo) 50.0%
Singapore 42.5%
Shanghai (China) 32.4%
Haikou (China) 42.5%
Port Moresby (Papua New Guinea) 31.9%
Ho Chi Minh City (Vietnam) 25.5%
Phnom Penh (Cambodia) 34.0%
Auckland (NewZealand) 24.8%
Non-consolidated participations valued
at net asset value
Guinness Anchor Berhad
Tee Yih Jia (Fujian) Brewery Co. Ltd.
Nigerian Breweries Pic
Petalingjaya (Malaysia)
Fuzhou (China)
Lagos (Nigeria)
10.8%
17.0%
40.7%
Other non-consolidated participations and capital
investments valued at cost of acquisition
Quilmes International (Bermuda) Ltd.
Cervejarias Kaiser S.A.
Hamilton (Bermuda)
Rio de Janeiro (Brazil)
15.0%
14.2%
1 This list contains the capital investments which are significant
for the true and fair view required by law..
2 In accordance with the provisions of Section ij of the Republic
of Ireland Companies (Amendment) Act ig86, Heineken N.V.
has given irrevocable guarantees in respect of the financial
year from January i, 1999 to December 31, 1999 in respect
of the liabilities, as are referred to in Section 5(c) of that Act,
for the subsidiary companies Murphy Brewery Ireland Limited
and Murphy Brewery Sales Limited.
HEINEKEN N. V.
FINANCIAL
STATEMENTS
19 9 9
63
