Balance Sheet of Heineken N.V.
before proposed appropriation of profit
in millions of euros
31 December 2003 31 December 2002
Assets
Fixed assets
Financial fixed assets 3,832 2,550
Current assets
Receivables 8 2
Cash 574 216
582 218
4,414 2,768
Equity and liabilities
Shareholders' equity
Issued share capital 784 784
Legal reserve 114 103*
Revaluation reserve 398 414*
Retained profit 1,871 1,336*
3,167 2,637
Liabilities
Long-term borrowings 1,161 68
Current liabilities 86 63*
1,247 131
4,414 2,768
Restated for comparison purposes
HEINEKEN N.V. ANNUAL REPORT 2003
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