Financial review
51.
Revenue
In billions of EUR
Beer
Soft drinks
Wines and spirits
Other income
8.1
1.3
0.9
0.5
10.8
P enue and operating expenses
1 millions of EUR
2005
2004
Revenue
10,796
10,062
7.3
R w materials, consumables and services
6,657
6,101
9.1
P rsonnel expenses
2,180
1,957
11.4
A nortisation and depreciation
710
656
8.2
T tal expenses
9,547
8,714
9.6
••3)
F venue and operating expenses
F venue rose by €734 million to €10,796 million in 2005, which represents an increase of 7.3 percent,
st-time consolidations added 4.5 percent to revenue. Organic growth added 2.2 percent to revenue,
lecting improvements in the sales mix and higher selling prices.
A number of companies were included in the consolidation for the first time in 2005:
Brauerei Hoepfner, Germany
ürstlich Fürstenbergische Brauerei, Germany
iVürzburger Hofbraü, Germany
tubauer, Germany
Consolidated Breweries, Nigeria
angsu DaFuHao Breweries Co, Ltd, China
empo Beverages, Israel
atra Brewery, Russia
tepan Razin Brewery, Russia
Baikal Brewery, Russia
/an Taranov Breweries, Russia
1 January 2005 49.9%
1 January 2005 49.9%
1 January 2005 28.5%
1 January 2005 49.9%
1 January 2005 50.1%
1 April 2005 (not consolidated) 18.4%
1 June 2005 40.0%
1 July 2005 100.0%
1 August 2005 100.0%
1 November 2005 100.0%
1 December 2005 100.0%
Heineken N.V. - Annual Report 2005
