Notes to the Balance Sheet and Profit and Loss Account
of Heineken N.V. for 2003
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 9,
Book 2, of the Netherlands Civil Code, in respect of the
remuneration, 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:
2003 2002
Executive Board members 3.4 7.5
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
administered by Stichting Heineken Pensioenfonds.
In 2003, €470,000 (2002: €58,ooo) was charged
to the company in respect of pension contributions.
Shares
As at 31 December 2003, the members of the Executive
Board did not hold any of the company's shares,
convertible bonds or option rights. One of the Executive
Board members held 632 shares of Heineken Holding
N.V. as at 31 December 2003.
Supervisory Board
The individual members of the Supervisory Board
received the following remuneration:
in thousands of euros 2003 2002
J.M. de Jong' 45 31
M. Das 38 38
J. Loudon3 12 38
H. de Ruiter 38 38
M.R. de Carvalho 38 38
A.H.J. Risseeuw 38 38
J.M. Hessels 38 38
C.J.A. van Lede' 38 26
R. Hazelhoff2 - 14
A. Maas2 - 12
L. van Vollenhoven2 - 12
1 Appointed 25 April 2002
Retired 25 April 2002
5 Retired 24 April 2003
As at 31 December 2003, the Supervisory Board
members did not hold any of the company's shares,
convertible bonds or option rights. Two Supervisory
Board members together held 7,600 shares of Heineken
Holding N.V. as at 31 December 2003.
Executive Board remuneration
Fixed
Annual
in thousands of euros
bonus
2003
2002
2003
2002
A. Ruys
543
506
455
426
M.J. Bolland
358
358
277
277
J.F.M.L. van Boxmeer
358
358
277
277
D.R. Hooft Graafland1
358
239
277
185
S.W.W. Lubsen2
358
412
K. Vuursteen3
181
152
Remuneration since appointment as member of the Executive Board on
2 May 2002
1 Retired on 31 December 2002
Retired on 25 April 2002
Long-term
bonus
2003 2002
Pension
plan
2003 2002
Total
2003 2002
998
635
635
635
1,000
1,856
804
932
635
635
424
2,626
2,137
HEINEKEN N.V. ANNUAL REPORT 2003
80