Financial review
Revenue and expenses
In millions of EUR
2006
2005
Change
Revenue
11,829
10,796
9.6
Other income
379
63
499.3
Raw materials, consumables and services
7,376
6,657
10.8
Personnel expenses
2,241
2,180
2.8
Amortisation, depreciation and impairments
786
768
2.4
Total expenses
10,403
9,605
8.3
2suIts from operating activities
1,805
1,254
44.0
onsolidated beer volume rose 11.4 million hectolitres to 111.9 million hectolitres in 2006, which
presents an increase of 11.3 per cent. Organic growth in consolidated beer volume amounted
j 6.9 per cent. Consolidated Heineken premium volume (including Heineken Premium Light) rose
million hectolitres to 22.5 million hectolitres in 2006.
ie volume increase, improvements in sales mix and higher selling prices caused revenue to rise by
1,033 million to €11,829 million in 2006, which represents an increase of 9.6 per cent. All regions
ntributed to this strong performance, in particular Central and Eastern Europe, Americas and Africa
id the Middle East. Organic growth added 7.1 per cent to revenue. The positive effect of movements
exchange rates on revenue amounted to €54 million or 0.5 per cent.
ie sale of a brewery site in Seville, Spain, with a gain of €320 million caused other income to rise
€316 million to €379 million in 2006.
F programme is delivering faster than expected. Savings were realised across the supply chain,
lolesale and support functions. These early achievements have already generated gross savings
fore tax of €114 million in 2006. Related exceptional restructuring costs totalled €102 million before
x, of which 85 per cent related to redundancy costs. The F2F fixed-costs ratio decreased from 34.9
r cent in 2005 to 33.1 per cent in 2006. The number of employees was reduced by more than 2,200.
ions of EUR
Beer
Soft drinks
Wines and spirits
Other income
2006
9.1
1.3
0.9
0.5
11.8
2005
8.1
1.3
0.9
0.5
10.8
Heineken N.V.
Annual Report 2006 31
