2002 2001
Notes to the Balance Sheet and Profit and Loss Account of Heineken N.V. for 2002
Accounting policies for the valuation of
assets and liabilities and for the determination
of results
Shares in group companies are carried at net asset value
calculated in accordance with the accounting policies
for the valuation of assets and liabilities stated on page
49 et seq. Amounts receivable from group companies are
stated at face value. Also stated at face value are other
amounts receivable, cash, long-term borrowings and cur
rent liabilities. Goodwill, being the difference between the
value as calculated in accordance with the stated account
ing policies and the price paid on acquisition of group
companies, is taken to the general reserve. Positive differ
ences are credited to the revaluation reserve. Any differ
ence in value of a group company between the beginning
and end of the year which does not relate to changes in
the paid-up share capital, results and dividends of that
company is credited or debited to the revaluation reserve
or, if this is insufficient, to the general reserve.
The profit and loss account has been prepared in accor
dance with the accounting policies stated on page 51.
Financial fixed assets
Position as at 1 January 2002
Revaluation
Net profit of group companies
Dividend payments by group companies
Other movements
Position as at 31 December 2002
Group companies
Total Shares Receivables
2,390 714 1,676
-853 -853
792 792
-362 -362
583 - 583
2,550 291 2,259
Receivables
Amounts receivable 2 12
The amounts receivable fall due within one year.
Cash
Short-term cash deposits 216 585
Issued capital
Position as at 1 January 784 711
Recapitalisation charged to the general reserve - 73
Position as at 31 December 784 784
The issued share capital comprises 391,979,675 shares
of €2.00 nominal value and the authorised share capital
is €2.5 billion.
FINANCIAL STATEMENTS 2002
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