Results
In millions of EUR
2006
2005
Change
Result from operating activities
1,805
1,254
44.0
Share of profit of associates
27
29
(6.9)
EBIT
1,832
1,283
42.7
Net finance expenses
(122)
(114)
7.0
Profit before tax
1,710
1,169
46.2
Income tax expense
(365)
(300)
21.7
Profit
1,345
869
54.8
Minority interests
(134)
(108)
23.2
t profit
1,211
761
59.1
sh flow
millions of EUR
2006
2005
sh flow from operating activities
1,849
1,872
ish flow from investing activities
(799)
(1,194)
sh flow from financing activities
(649)
(592)
401
86
sh flow and investments
sh flow from operating activities decreased by €23 million to €1,849 million in 2006, as the
bstantially increased profit was more than offset by higher income taxes paid. These higher taxes
~e due to a refund of €70 million taxes in 2005.
iT performance
llions of EUR
Property, plant equipment, investments and depreciation
In millions of EUR
703
850
980
1,170
1,330
1,323
■I 1,369
1,283
2002
2003
2004
2005
2006
■■■■1 696 Investments
4gl Depreciation
611
560
719
615
705
853
844
1,832
706
Heineken N.V. CQ
Annual Report 2006 OO
