112 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
Shareholders' equity Issued Statutory Revaluation Retained Total
capital reserve reserve profits
Position as at 1 January 2003
784
103
414
1,336
2,637
Exchange differences
-14
-22
-116
-152
Revaluations
-
-
41
-
41
Realised revaluations
-
-
-35
35
-
Net profit for the year
-
37
-
761
798
Released
-
-12
-
12
-
Dividend
-
-
-
-157
-157
Position as at 31 December 2003
784
114
398
1,871
3,167
Position as at 1 January 2004
784
114
398
1,871
3,167
Change in accounting policies
-
-
-
-187
-187
Exchange differences
-
-4
2
4
2
Revaluations
-
-
33
-
33
Realised revaluations
-
-
-19
19
-
Net profit for the year
-
49
-
488
537
Released
-
-28
-
28
-
Dividend
-
-
-173
-173
Position as at 31 December 2004
784
131
414
2,050
3,379
The total result in 2004, consisting of changes
in accounting policies, exchange differences,
revaluations (realised and unrealised) and the
net profit for the year, amounts to €385 million
(2003: €687 million).