Notes to the Balance Sheet and Profit and Loss Account
of Heineken N.V. for 2002
General
The amounts disclosed in the notes are in millions of
euros unless otherwise indicated. The aggregate amounts
referred to in Section 383, subsection 1, Part g, Book 2,
of the Netherlands Civil Code, in respect of the remunera
tion, pensions etc. of existing and former members of
the Executive Board and of existing and former members
of the Supervisory Board disbursed by the company were
as follows:
2002 2001
Executive Board members 7.5 5.5
Supervisory Board members 0.3 0.3
Remuneration
The remuneration of the members of the Executive Board
comprises a fixed component and a variable component,
made up of an annual profit-sharing bonus and a long-term
bonus. The profit-sharing bonus is determined individually
by the Supervisory Board. The long-term bonus is linked to
the issue of bonus shares or recapitalisation by Heineken
N.V., which, in the past, has occurred on average once
every three years.
Pensions
The pensions of the Executive Board members are admin
istered by the Heineken Pension Fund. In 2002, €68,000
(2001: €125,000) was charged to the company in respect
of pension contributions.
Shares
As at 31 December 2002, the members of the Executive
Board did not hold any of the company's shares, convert
ible bonds or option rights. One of the Executive Board
members held 632 shares of Heineken Holding N.V. as at
31 December 2002.
Supervisory Board
As at 31 December 2002, the Supervisory Board members
did not hold any of the company's shares, convertible
bonds or option rights. Two Supervisory Board members
together held 6,975 shares of Heineken Holding N.V. as at
31 December 2002.
The individual members of the Supervisory Board received
the following remuneration:
in thousands of euros 2002 2001
J.M. dejong' 31
M. Das 38 29
J. Loudon 38 29
H. de Ruiter 38 29
M.R. de Carvalho 38 29
A.H.J. Risseeuw 38 21
J.M. Hessels 38 21
C.J.A. van Lede' 26
R. Hazelhoff2 14 34
A. Maas2 12 29
L. van Vollenhoven2 12 29
1 Appointed 25 april 2002
2 Retired 25 aprii 2002
Executive Board remuneration Fixed Annual Long-term Pension Total
in thousands of euros
bonus
bonus
plan
2002
2001
2002
2001
2002
2001
2002 2001
2002
2001
A. Ruys
506
432
426
367
-
681
-
932
1,480
M.J. Bolland
358
239
277
185
-
-
-
635
424
J.F.M.L. van Boxmeer
358
239
277
185
-
-
-
635
424
D.R. Hooft Graafland1
239
-
185
-
-
-
-
424
-
S.W.W. Lubsen2
358
358
412
412
-
514
1,856
2,626
1,284
K. Vuursteen3
181
543
152
455
1,000
845
804
2,137
1,843
Remuneration since appointment as member of the Executive Board on 2 May 2002
2 Retired on 31 December 2002
Retired on 25 April 2002
HEINEKEN N.V. ANNUAL REPORT2002
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