Notes to the Balance Sheet and the Profit and Loss Account
for the Financial Year 1999 of Heineken N.V.
General
The amounts stated in the notes are in millions of
euros, unless indicated otherwise.
The aggregate amounts referred to in Article 383,
paragraph 1, Title 9, Book 2 of the Netherlands Civil
Code, in respect of the remuneration, pensions, etc.
of members and former members ofthe Executive
Board and those of members and former members of
the Supervisory Board, disbursed by the company
were as follows:
1999 1998
Executive Board members 3.7 5.2
Supervisory Board members 0.2 0.2
To prevent reference to individuals no division has
been made between remuneration of current and
former members of the Executive Board.
No amounts were paid to former members of the
Supervisory Board. As of December 31,1999, no
shares in the company, no convertible bonds and
no option rights are held by the members of the
Supervisory Board.
As of December 31,1999, the total number of shares
in the Company held by the members of the Executive
Board stood at 3,356. As of December 31,1999, no
convertible bonds and no 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
stated 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 reserve, in so far as
this difference in value does not relate to the changes
in paid-up share capital, the earnings 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 51 onwards.
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