2003
109 Heineken N.V. Annual Report 2004 Financial Statements 2004 Notes to the Balance Sheet and Profit and Loss Account of Heineken N.V. for 2004
Pensions
The pensions of the Executive Board members are administered by the Heineken Pension Fund.
In 2004, €520,300 (2003: €470,000) was charged to the company in respect of pension contributions.
With respect to past Executive Board members an amount of €240,000 was paid on behalf of pensions.
Shares
As at 31 December 2004, 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 790 shares
of Heineken Holding N.V. as at 31 December 2004.
Supervisory Board
The individual members of the Supervisory Board received the following remuneration.
As at 31 December 2004, the Supervisory Board members did not hold any of the company's shares,
convertible bonds or option rights. Two Supervisory Board members together held 9,500 shares of
Heineken Holding N.V. as at 31 December 2004.
in thousands of euros
2004
C.J.A. van Lede
43
38
J.M. de Jong
40
45
M. Das
38
38
M.R. de Carvalho
38
38
A.H.J. Risseeuw
38
38
J.M. Hessels
38
38
H. de Ruiter1
12
38
J. Loudon2
-
12
1 Retired on 29 April 2004
2 Retired on 24 April 2003
Accounting policies for the valuation of assets and liabilities
and for the determination of results
Goodwill
Goodwill arising on acquisitions is calculated as the difference between the cost of the acquisition
and its net asset value. Goodwill is carried at cost less accumulated amortisation and impairment.
Amortisation is calculated by the straight-line method based on the expected economic life of the
assets concerned, subject to a maximum of 20 years.
