Notes to the Balance Sheet and Profit and Loss Account
of Heineken N.V. for 2004
108 Heineken N.V. Annual Report 2004 Financial Statements 2004
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:
2004
2003
Executive Board members
Former Executive Board members
Supervisory Board members
6.2
0.8
0.2
3.4
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 annual
bonus is related to the dividend distribution, expressed as a percentage of the nominal value of the
shares. In terms of frequency, the long-term bonus is related to the issue of bonus shares or share spilt.
The calculation is related to the actual net profit.
The amounts for the long-term bonus included below refer to the amounts paid in the year under
review and in the current book year by the company. The long-term bonus is related to the performance
over the period 2001-2003.
For further details see page 14.
Executive Board remuneration
in thousands of euros
Fixed
Annual bonus
Total
Long-term bonus
related to
2001-20034
2004
2003
2004
2003
2004
2003
2004
A. Ruys
543
543
618
455
1.161
998
897
M.J. Bolland
358
358
376
277
734
635
534
J.F.M.L. van Boxmeer
358
358
376
277
734
635
534
D.R. Hooft Graafland
358
358
376
277
734
635
349
K. Biiche1
239
-
251
-
490
-
-
S.W.W. Lubsen2
-
-
-
185
-
185
376
K. Vuursteen3
-
-
-
401
1 Remuneration since appointment as member of the Executive Board on 1 May 2004
2 Retired on 31 December 2002
3 Retired on 25 April 2002
4 For Messrs. Lubsen and Vuursteen the long-term bonus relates to period 2001-2002
