Financial statements Notes to the consolidated financial statements
22. Capital and reserves
The following dividends were declared and paid by Heineken:
In millions o' PUR 2010
Final dividend previous year EUR0.40, respectively EUR0.34 per qualifying ordinary share
Interim dividend current year EUR0.26, respectively EUR0.25 per qualifying ordinary share
Total dividend declared and paid
Heineken's policy is for an annual dividend payout of 30 - 35 per cent of Net profit BEIA. The interim dividend is fixed at 40 per cer
of the total dividend of the previous year.
After the balance sheet date the Executive Board proposed the following dividends. The dividends, taken into account the interim
dividends declared and paid, have not been provided for.
In millions of EUR2010200
per qualifying ordinary share EUR0.76 (2009: EUR0.65)43831f
23. Earnings per share
Basic earnings per share
The calculation of basic earnings per share as at 31 December 2010 is based on the profit attributable to ordinary shareholders
of the Company (net profit) of EUR1.436 million (2009: EUR1.018 million) and a weighted average number of ordinary shares - basir
outstanding during the year ended 31 December 2010 of 562,234,726 (2009:488,666,607). Basic earnings per share for the year
amounts to EUR2.55 (2009: EUR2.08).
Weighted average number of shares - basic
Number of shares basic 1 January
Effect of LTIP own shares held
Effect of undelivered ASDI shares
Effect of new shares issued
Weighted number of basic shares 31 December
Allotted Share Delivery Instrument (ASDI) representing Heineken's obligation to deliver shares to FEMSA, either through issuance
and/or purchasing of its own shares in the open market. EPS is impacted by ASDI as in the formula, calculating EPS, the net profit
is divided by the weighted average number of ordinary shares. In this weighted average number of ordinary shares, the weighted
average of outstanding ASDI is included. This means that the ASDI leads to a lower basic EPS until all shares have been repurchasec
Diluted earnings per share
The calculation of diluted earnings per share as at 31 December 2010 was based on the profit attributable to ordinary shareholder
of the Company (net profit) of EUR1.436 million (2009: EUR1.018 million) and a weighted average number of ordinary shares -
basic outstanding after adjustment for the effects of all dilutive potential ordinary shares of 563,387,135 (2009: 489,974,594).
Diluted earnings per share for the year amounted to EUR2.55 (2009: EUR2.08).
Weighted average number of shares - diluted
Effect of LTIP own shares held1,152,4091,307,987
Weighted average diluted shares 31 December 563,387,135 489,974,594