Auditor's report
To: Annual General Meeting of Shareholders of Heineken N.V.
Other information
Report on the financial statements
We have audited the 2006 financial statements
of Heineken N.V., Amsterdam as set out on pages
67 to 121. The financial statements consist of the
consolidated financial statements and the
Company financial statements. The consolidated
financial statements comprise the consolidated
balance sheet as at 31 December 2006, the
income statement, statement of recognised
income and expense and statement of cash
flows for the year then ended, and a summary
of significant accounting policies and other
explanatory notes. The Company financial
statements comprise the Company balance sheet
as at 31 December 2006, the Company income
statement for the year then ended and the notes.
Management's responsibility
The Executive Board is responsible for the
preparation and fair presentation of the financial
statements in accordance with International
Financial Reporting Standards as adopted by the
European Union and with Part 9 of Book 2 of the
Netherlands Civil Code, and for the preparation of
the report of the Executive Board in accordance
with Part 9 of Book 2 of the Netherlands Civil
Code. This responsibility includes: designing,
implementing and maintaining internal control
relevant to the preparation and fair presentation
of the financial statements that are free from
material misstatement, whether due to fraud
or error; selecting and applying appropriate
accounting policies; and making accounting
estimates that are reasonable in the
circumstances.
Auditor's responsibility
Our responsibility is to express an opinion on
the financial statements based on our audit. We
conducted our audit in accordance with Dutch
law. This law requires that we comply with ethical
requirements and plan and perform our audit to
obtain reasonable assurance whether the financial
statements are free from material misstatement.
An audit involves performing procedures to
obtain audit evidence about the amounts and
disclosures in the financial statements. The
procedures selected depend on the auditor's
judgement, including the assessment of the
risks of material misstatement of the financial
statements, whether due to fraud or error.
In making those risk assessments, the auditor
considers internal control relevant to the entity's
preparation and fair presentation of the financial
statements in order to design audit procedures
that are appropriate in the circumstances, but
not for the purpose of expressing an opinion
on the effectiveness of the entity's internal
control. An audit also includes evaluating the
appropriateness of accounting policies used and
the reasonableness of accounting estimates made
by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have
obtained is sufficient and appropriate to provide
a basis for our audit opinion.
Opinion with respect to the consolidated
financial statements
In our opinion, the consolidated financial
statements give a true and fair view of the
financial position of Heineken N.V. as at
31 December 2006, and of its result and its
cash flow for the year then ended in accordance
with International Financial Reporting Standards
as adopted by the European Union and with
Part 9 of Book 2 of the Netherlands Civil Code.
Opinion with respect to the Company
financial statements
In our opinion, the Company financial statements
give a true and fair view of the financial position
of Heineken N.V. as at 31 December 2006,
and of its result for the year then ended in
accordance with Part 9 of Book 2 of the
Netherlands Civil Code.
1 O O Heineken N.V.
Annual Report 2006