Consolidated Profit and Loss Account
2004 2003
81 Heineken N.V. Annual Report 2004 Financial Statements 2004
in millions of euros
Net turnover
Raw materials, consumables and services
Personnel costs
Amortisation/depreciation and value adjustments
6,027
1,957
773
10,005
9,255
5,557
1,832
644
Total operating expenses
8,757
8,033
Operating profit
1,248
1,222
Results of and value adjustments to
non-consolidated participating interests
Interest
-140
-180
101
-140
Profit before tax
Taxation
928
-306
1,183
-319
Group profit after tax
Minority interests
622
-85
864
-66
Net profit
537
798
Number of issued shares
489,974,594
391,979,675
Net profit per share on ordinary activities,
restated for share split
1.10
1.63
Total result has been included in shareholders' equity on page 112.