2003
2002
J
Financial Review
Group equity
as a percentage of
total assets
Financing structure
in millions of euros
Group equity
Deferred taxation
Other provisions
Liabilities
3,899
415
952
5,631
36
4
9
51
3,030
381
600
3,770
39
5
8
48
10,897
100
7,781
100
50
45
40
35
30
25
20
15
10
5
G) O
Of O
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to a dividend of €0.40 per share of €2.00
nominal value, out of which an interim
dividend of €0.16 was paid on 22 Septem
ber 2003. The final dividend thus amounts
to €0.24 per share. Dutch withholding
tax at 25% will be deducted from the final
dividend. It is proposed to add the remain
ing amount of €641 million to the retained
profits.
Share split
Fleineken N.V. has maintained a consistent
dividend policy over many years, carrying
out a review every three years to ascertain
whether there is scope for increasing the
dividend paid to shareholders by
increasing the number of shares in issue
by 25%. Consequently, a proposal to split
the Fleineken shares, by issuing five new
shares of €1.60 nominal value for every
four existing shares of €2.00 nominal
value, will be presented to the General
Meeting of Shareholders. The new shares
will participate fully in the profits as from
1 January 2004.
Amsterdam, 24 February 2004
Ruys
Bolland
Van Boxmeer
Flooft Graafland
CNJ CM CM CNJ
HEINEKEN N.V. ANNUAL REPORT 2003
50
