Consolidated Balance Sheet
80 Heineken N.V. Annual Report 2004 Financial Statements 2004
before appropriation of profit in millions of euros
31 December 2004 31 December 2003
Assets
Fixed assets
Intangible fixed assets 1,720 1,151
Tangible fixed assets 5,127 4,995
Financial fixed assets 779 1,122
7,626 7,268
Current assets
Stocks 779 834
Receivables 1,309 1,379
Securities 76 j 76
Cash 628 1,340
3,629
10,897
Equity and liabilities
Group equity
Shareholders' equity
Minority interests in other group companies
Provisions
3,379
483
3,862
568
3,167
732
3,899
1,367
Employee benefits
680
Liabilities
Long-term borrowings
Current liabilities
2,642
2,666
2,721
2,910
5,308
5,631
10,418
10,897