03.
Key figures
Results
In millions of EUR
IFRS
2005
IFRS
2004
Change
Dutch GAAP
2004
Revenue
10,796
10,062
7.3%
10,005
Ebit
1,283
1,369
(6.3%)
1,269
Ebit BEIA
1,392
1,377
1.1%
1,350
Net profit
761
642
18.5%
537
Net profit BEIA
840
803
4.6%
791
Dividend (proposed)
196
196
-
196
1,138
872
30.5%
900
Balance sheet
In millions of EUR
Total assets
11,829
10,777
9.8%
10,418
Shareholders' equity
3,969
3,256
21.9%
3,379
Market capitalisation
13,122
12,019
9.2%
12,019
Net debt position
2,647
2,857
(7.4%)
2,867
Per share of €1.60
489,974,594
Net profit
1.55
Net profit BEIA
1.71
1.64
4.3%
1.61
Dividend (proposed)
0.40
0.40
0.40
Free operating cash flow
2.32
1.78
30.3%
1.84
Shareholders' equity
8.10
6.65
21.8%
6.90
Share price as at 31 December
26.78
24.53
9.2%
24.53
Staff
in numbers
64,305
Ratios
Ebit as of revenue
11.9%
13.6%
(12.5%)
12.7%
Ebit as of total assets
10.8%
12.7%
(15.0%)
12.2%
Net profit as of average shareholders' equity
21.1%
21.1%
-
16.8%
Dividend pay out
25.8%
30.5%
(15.4%)
36.5%
Gearing
66.7%
87.7%
(23.9%)
84.8%
Cash conversion rate
120.0%
97.5%
23.1%
113.8%
Net interest cover
14.3
12.2
17.2%
11.2
Please refer to the glossary for definitions.
Heineken N.V. - Annual Report 2005
