Key Figures 2003 2003 mm 2002* Change Results in millions of euros Net turnover 9,255 8,482 9.1 Operating profit 1,222 1,282 -4.7 EBITDA' 1,866 1,811 3.0 Net profit 798 795 0.4 Dividend 157 157 - Cash flow from operating activities 1,637 1,184 38.3 Balance sheet in millions of euros Total assets 10,897 7,781 40.0 Group equity 3,899 3,030 28.7 Shareholders' equity 3,167 2,637 20.1 Issued capital 784 784 - Per share of €2.00 Number of shares issued 391,979,675 391,979,675 - Cash flow from operating activities 4.18 3.02 38.3 Net profit 2.04 2.03 0.4 EBITDA1 4.76 4.62 3.0 CEPS" 2.11 2.03 3.9 Dividend 0.40 0.40 - Shareholders' equity 8.08 6.73 20.1 Net turnover in millions of euros (including interregional sales) Western Europe 6,560 6,232 5.3 Central/Eastern Europe 1,145 898 27.5 The Americas 1,501 1,361 10.3 Africa/Middle East 876 819 7.0 Asia/Pacific 467 489 -4.5 Tangible fixed assets in millions of euros Investments less disposals 611 696 -12.2 Depreciation and value adjustments 560 481 16.4 Staff in numbers Average number of employees 61,271 48,237 27.0 of whom employed by Dutch operating companies 5,256 5,527 -4.9 Ratios Operating profit as of net turnover 13.2 15.1 Operating profit as of total assets 11.2 16.5 Net profit as of shareholders' equity 25.2 30.1 Dividend as of net profit 19.7 19.7 Group equity/other borrowed capital 0.56 0.64 Group equity/fixed assets 0.54 0.61 Current assets/current liabilities 1.25 1.10 Interest coverage ratio 9.5 12.2 1 Operating profit plus amortisation, depreciation and value adjustments. Net profit per share before amortisation of goodwill. The 2002 figures are restated for comparison purposes. 3

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2003 | | pagina 9