55.
Financing and liquidity
Total equity increased with €781 million to €4,514 million as at 31 December 2005, while total equity
attributable to equity holders of the parent (formerly: shareholders' equity) increased with €713 million to
€3,969 million as at 31 December 2005. The profit of €761 million and the net income recognised directly
in equity of €148 million were offset by the dividend distribution of €196 million. Net income recognised
directly in equity reflects the increase in translation reserves due to improved exchanges rates versus the
Euro as well as the changes in fair value and hedging reserves.
The net interest-bearing debt position improved with €210 million to €2,647 million as at 31 December
2005, reflecting the lower debt level.
P afit appropriation
H ineken N.V.'s profit (attributable to shareholders of the parent) in 2005 amounted €761 million.
In accordance with Article 12, paragraph 7, of the Articles of Association, the Annual General Meeting
o: Shareholders will be invited to appropriate an amount of €196 million for distribution as dividend.
T proposed appropriation corresponds to a dividend of €0.40 per share of €1.60 nominal value,
o account of which an interim dividend of €0.16 was paid on 21 September 2005. The final dividend
js amounts €0.24 per share. Netherlands withholding tax will be deducted from the final dividend
a 25 percent. It is proposed that the remaining €565 million be added to retained earnings.
A isterdam, 21 February 2006
V n Boxmeer
B land
F oft Graafland
Heineken N.V. - Annual Report 2005