Issued capital Ordinary shares 2005 On issue at 1 January 784 784 Issued for cash 784 784 Al 31 December 2005 the authorised share capital comprised 489,974,594 ordinary shares (2004: 489,974,594). The ordinary shares have a par value of €1.60. T ie holders of ordinary shares are entitled to receive dividends as declared from time to time ar d are entitled to one vote per share at meetings of the Company. T nslation reserve T e translation reserve comprises foreign exchange differences arising since 1 January 2004, from the translation of the financial statements of foreign operations of the Company (excluding amounts a ributable to minority interests). C ler legal reserves Tl is reserve relates to the share of profit of participating interests over the distribution of which Heineken d es not have control. The movement in the reserve reflects retained profits of participating interests a d dividends received. h dging and fair value reserve T e reserve comprises the effective portion of the cumulative net change in the fair value of cash flow h dging instruments where the hedged transaction has not yet occurred and the cumulative net change ir the fair value of available-for-sale investments until the investment is derecognised. C dends A er the balance sheet date the Executive Board proposed the following dividends. The dividends have n t been provided for. lions of EUR 2005 2004 10 per qualifying ordinary share (2004: €0.40) 196196 1 Earnings per share E ic earnings per share T e calculation of basic earnings per share at 31 December 2005 was based on the profit attributable t ordinary shareholders (net profit) of €761 million (2004: €642 million) and a weighted average n mber of ordinary shares outstanding during the year ended 31 December 2005 of 489,974,594 )04: 489,974,594). 1 Changes in accounting policy Ir the current financial year Heineken adopted IAS 32 and IAS 39 Financial instruments. The previous-year fi ures have not been adapted for comparative purposes, in accordance with the exemption granted by IFRS1. If 2004 under previous accounting principles, Heineken recorded available-for-sale equity securities at c st and did not recognise derivatives. In accordance with IAS 32 and IAS 39, they should be recognised a fair value. Heineken N.V. - Annual Report 2005

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2005 | | pagina 97