129.
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IFRS
IFRS
GAAP
GAAP
GAAP
GAAP
GAAP
GAAP
GAAP
GAAP
GAAP
2005
2004
2004
2003
2002
2001
2000
1999
1998
1997
1996
Financing
In millions of EUR
Share capital
784
784
784
784
784
784
711
711
711
569
569
Reserves
3,185
2,472
2,595
2,383
1,853
1,974
1,685
1,907
1,588
1,747
1,479
Shareholders' equity
3,969
3,256
3,379
3,167
2,637
2,758
2,396
2,618
2,299
2,316
2,048
Minority interest
545
477
483
732
393
381
124
248
256
182
186
Total equity
4,514
3,733
3,862
3,899
3,030
3,139
2,520
2,866
2,555
2,498
2,234
Employee benefits
664
680
680
Provisions
766
725
568
1,367
981
1,024
976
770
733
769
734
Non-current liabilities
2,233
2,638
2,642
2,721
1,215
797
875
490
522
412
359
Current liabilities
3,652
3,001
2,666
2,910
2,555
2,235
1,892
1,860
1,460
1,384
1,462
Liabilities
5,881
5,639
5,308
5,631
3,770
3,032
2,767
2,350
1,982
1,796
1,821
Total equity and liabilities
11,829 10,777 10,418 10,897
7,781
7,195
6,263
5,986
5,270
5,063
4,789
Group equity/
Borrowed capital
0.62
0.53
0.59
0.56
0.64
0.77
0.67
0.92
0.94
0.97
0.87
Employment of capital
In millions of EUR
Intangible fixed assets
2,380
1,837
1,720
1,151
39
13
P, P E
5,067
4,773
5,127
4,995
4,094
3,592
3,250
2,964
2,605
2,521
2,452
Financial fixed assets
1,104
1,035
779
1,122
835
531
615
422
490
429
380
Total non-current assets
8,551
7,645
7,626
7,268
4,968
4,136
3,865
3,386
3,095
2,950
2,832
Stocks
883
782
779
834
765
692
550
490
452
466
447
Accounts receivable
1,787
1,646
1,309
1,379
1,270
1,192
1,024
903
775
799
771
Cash and securities
608
704
704
1,416
778
1,175
824
1,207
948
848
739
Current assets
3,278
3,132
2,792
3,629
2,813
3,059
2,398
2,600
2,175
2,113
1,957
Total assets
11,829 10,777 10,418 10,897
7,781
7,195
6,263
5,986
5,270
5,063
4,789
Total equity/
Fixed assets
0.53
0.49
0.51
0.54
0.61
0.76
0.65
0.85
0.83
0.85
0.79
Current assets/
1.25
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IFRS
IFRS
GAAP
GAAP
GAAP
GAAP
GAAP
GAAP
GAAP
GAAP
GAAP
2005
2004
2004
2003
2002
2001
2000
1999
1998
1997
1996
Revenue
10,293
9,333
8,107
7,149
6,272
6,131
5,530
Adjustments:
Excise duties
(1,282) (1,226) (1,093)
(984)
(819)
(839)
(735)
Variable selling costs
(529)
(300)
(248)
(192)
(106)
(118)
(149)
Correction
adjustment 2002/1996
(170)
Revenue
10,796 10,062 10,005
9,255
8,482
7,637
6,766
5,973
5,347
5,174
4,646
Heineken N.V. - Annual Report 2005