Contents 01 Profile 02 Performance highlights 04 Milestones 2007 Report of the Executive Board 06 Chief Executive's statement 10 Outlook 2008 12 Executive Committee 14 Operational review 14 Top-line growth 14 The Eleineken brand 16 Innovation, research and development 17 International marketing 18 Shifting the balance 18 The Amstel brand 19 Sustainability 21 Personnel and organisation 22 Regional review 22 Western Europe 26 Central and Eastern Europe 30 Americas 34 Africa and the Middle East 38 Asia Pacific 42 Risk management 47 Financial review 52 Dutch Corporate Governance Code 56 Decree Article 10 Report of the Supervisory Board 58 To the shareholders 61 Supervisory Board 62 Remuneration report Financial statements 65 Consolidated income statement 66 Consolidated statement of recognised Income and expense 67 Consolidated balance sheet 68 Consolidated statement of cash flows 70 Notes to the consolidated financial statements 132 Heineken N.V. balance sheet 133 Heineken N.V. income statement 134 Notes to Heineken N.V. financial statements Other information 138 Auditor's report 140 Appropriation of profit 141 Shareholder information 145 Countries and brands 152 Historical summary 154 Glossary 156 Reference information

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2007 | | pagina 2