111.
Condensed Cash Flow Statement 1 January 2004 - 31 December 2004
IFRS
adjustments IFRS
Cash flow from operating activities1 1,520 91 1,611
Dividends paid2(243)243
Cash flow from operating activities less dividends paid 1,277 334 1,611
C ash flow from investing activities1 (1,671) (124) (1,795)
C ash flow from financing activities" (125) (241) (366)
F 2t Cash Flow (519) (31) (550)
Other movements(31)31-
F ovement in cash(550)-(550)
Funds as of 1 January 20043
Cash and cash equivalents
S acurities
Bank overdrafts
1 taT
1,340 50 1,390
76 (76)
(679)(679)
737 (26) 711
F inds as of 31 December 20043
Cash and cash equivalents
628
50
678
Securities
76
(76)
Bank overdrafts
(517)
(517)
1 tal
187
(26)
161
f avement in cash
(550)
-
(550)
ash flow from operating activities under IFRS is €91 million higher. This is primarily due to the reclassification of the depreciation on loans to on-premise
utlets from investing activities to the cash flow from operating activities.
ividends paid to Heineken N.V. shareholders and minorities are classified in the cash flow from financing activities under IFRS.
ne definition of funds has been changed. Under IFRS securities are not included in funds any more, but this has no impact on the cash flow under IFRS.
Heineken N.V. - Annual Report 2005
