inancing ratios 'ofit appropriation 53 Obligatory Debt Repayments in HY In millions of EUR HI 2010 H2 2010 HI 2011 H2 2011 HI 2012 H2 2012 HI 2013 H2 2013 HI 2014 H2 2014 >2015 617 38 41 167 52 288 500 2,095 702 1,017 810 1000 1500 I 1,863 2000 2500 Teineken's policy is to keep committed headroom of EUR 1 billion - EUR 1.5 billion for the next year. As at inuary 2010 the available headroom (including cash available at Group level) was approximately EUR2 billion, the EUR2 billion Revolving Credit Facility 2005-2012 was undrawn. eineken currently has committed financing in place until 2012 to cover all maturing debt obligations from aerational cash flows and available credit facilities. jineken has an incurrence covenant in some of its financing facilities. Our incurrence covenant is calculated dividing net debt (calculated in accordance with the consolidation method of the 2007 Annual Accounts) by BITDA (beia) (also calculated in accordance with the consolidation method of the 2007 Annual Accounts and eluding the pro-forma full-year EBITDA of any acquisitions made in 2008). As at 31 December 2009 this ratio as 2.5 (2008: 3.1). If the ratio would be beyond a level of 3.50, the incurrence covenant would prevent us from inducting further significant debt-financed acquisitions. ineken N.V.'s profit (attributable to shareholders of the Company) in 2009 amounted to EUR 1,018 million, accordance with Article 12, paragraph 7 of the Articles of Association, the Annual General Meeting of .areholders will be invited to appropriate an amount of EUR318 million for distribution as dividend. This oposed appropriation corresponds to a dividend of EUR0.65 per share of EUR1.60 nominal value, on account which an interim dividend of EUR 0.25 was paid on 2 September 2009. The final dividend thus amounts to UR0.40 per share. Netherlands withholding tax will be deducted from the final dividend at 15 per cent. Annual Report 2009 - Heineken N.V.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2009 | | pagina 50