51
I nancing and liquidity
As at 31 December 2007, total equity increased by €426 million to €5,946 million, whilst equity
attributable to equity holders of the Company increased by €395 million to €5,404 million. The total
recognised income and expense attributable to equity holders of the Company of €736 million was
offset by dividend distribution of €333 million and purchase of own shares of €15 million.
illions of EUR 2007 2006
1,528 1,832
I ;preciation and impairments P, P&E 712 739
mortisation and impairments intangible assets5247
ITDA 2,292 2,618
ceptional items (adjusted for exceptional items in
c -preciation and amortisation) 276 (272)
ITDA (beia)2,568 2,346
aancing ratios
i ur net-interest bearing debt position remains stable compared to last year at €1,926 million, which
in line with our free operating cash flow and taking into account higher acquisitions and dividends,
t debt/EBITDA (beia) ratio is 0.75 and improved versus last year (0.82), driven by a higher EBITDA (beia).
jr cash conversion rate dropped from 105 per cent in 2006 to 58 per cent in 2007, which was mainly
:ven by the lower free operating cash flow and high Net profit (beia) before minority interest.
ofit appropriation
ineken N.V.'s profit (attributable to shareholders of the Company) in 2007 amounted to €807 million,
accordance with Article 12, paragraph 7, of the Articles of Association, the Annual General Meeting
Shareholders will be invited to appropriate an amount of €343 million for distribution as dividend,
is proposed appropriation corresponds to a dividend of €0.70 per share of €1.60 nominal value, on
count of which an interim dividend of €0.24 was paid on 20 September 2007. The final dividend thus
iounts to €0.46 per share. Netherlands withholding tax will be deducted from the final dividend at
per cent. It is proposed that the remaining €464 million be added to retained earnings.
Heineken N.V. Annual Report 2007