110 FINANCIAL STATEMENTS HEINEKEN N.V. ANNUAL REPORT 20' 8
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
22. Movement in total equity
Equity
attribu
table
Trans
Fair
Other
to equity
Reserve Retained holders
In millions of EUR
Share
capital
lation
reserve
Hedging
reserve
value
reserve
legal
reserves
for own earn- of the Minority
shares ings Company interests
Total
equity
Balance as at 1 January 2007
784
96
28
97
459
(14) 3,559 5,009
284
5,293
Net recognised income and expense
(89)
16
2
19
(19) (71)
(2)
(73)
Profit
-
-
-
89
- 718 807
122
929
Transfer to retained earnings
4
(4)
Dividends to shareholders
- (333) (333)
(84)
(417)
Purchase minority shares
(21)
(21)
Purchase own shares
(15) - (15)
-
(15)
Share-based payments
7 7
7
Changes in consolidations
8
8
Balance as at 31 December 2007
784
7
44
99
571
(29) 3,928 5,404
307
5,711
Balance as at 1 January 2008
784
7
44
99
571
(29) 3,928 5,404
307
5,711
Net recognised income and expense
-
(602)
(166)
(11)
(44)
44 (779)
(44)
(823)
Profit
-
-
-
-
142
67 209
138
347
Transfer to retained earnings
-
-
-
-
(74)
74
-
-
Dividends to shareholders
-
-
-
-
-
- (363) (363)
(148)
(511)
Purchase minority shares
-
-
-
-
-
(7)
(7)
Purchase/reissuance own shares
-
-
-
-
-
(11) - (11)
-
(11)
Share-based payments
-
-
-
-
-
11 11
-
11
Changes in consolidation
-
-
-
-
-
35
35
Balance as at 31 December 2008
784
(595)
(122)
88
595
(40) 3,761 4,471
281
4,752
Share capital
Ordinary shares
In millions of EUR 2008 2007
On issue as at 1 January
784
784
Issued for cash
-
On issue as at 31 December
784
784
As at 31 December 2008 the issued share capital comprised 489,974,594 ordinary shares (2007: 489,974,594).
The ordinary shares have a par value of €1.60. All issued shares are fully paid. The Company's authorised
capital amounts to €2.5 billion, comprising of 1,562,500,000 shares.
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled
to one vote per share at meetings of the Company. In respect of the Company's shares that are held by
Heineken, rights are suspended.
Translation reserve
The translation reserve comprises foreign currency differences arising from the translation of the financial
statements of foreign operations of the Group (excluding amounts attributable to minority interests) as well
as value changes of the hedging instruments in the net investment hedges.
