157
2010
EBITDA (beia)/Net interest expense
Free operating cash flow/Net debt
7.29
25%
5.41
23%
7.2
6%
26.2
38%
17.1
62%
Net debt/Equity
0.8
Financing
In millions of EUR
Share capital
922
784
784
784
784
Reserves and retained earnings
9,306
4,567
3,687
4,620
4,225
Equity attributable to equity holders of the Company
10,228
5,351
4,471
5,404
5,009
Minority interests
289
296
281
307
284
Total equity
10,517
5,647
4,752
5,711
5,293
Employee benefits
687
634
688
586
600
Provisions (including deferred tax liabilities)
1,589
1,304
1,163*
728
780
Non-current loans and borrowings
8,078
7,401
9,084
1,295
1,883
Other liabilities (excluding provisions)
5,678
5,194
4,900
3,634
3,482
Liabilities (excluding provisions)
13,756
12,595
13,984
4,929
5,365
Total equity and liabilities
26,549
20,180
20,587
11,954
12,038
Equity attributable to equity holders of the Company/
(employee benefits, provisions, and liabilities)
0.64
0.37
Employment of capital
In millions of EUR
Property, Plant and Equipment
Intangible assets
Other non-current assets
7,687
10,890
3,654
6,017
7,135
2,875
6,314
7,030*
2,494*
4,673
2,110
1,814
4,248
1,976
2,056
Total non-current assets
22,231
16,027
15,838
8,597
8,280
Inventories
1,206
1,010
1,246
883
777
Trade and other current assets
2,502
2,623
2,805
1,900
1,718
Cash, cash equivalents and current other investments
610
520
698
574
1,263
Total current assets
4,318
4,153
4,749
3,357
3,758
Total assets
26,549
20,180
20,587
11,954
12,038
Total equity/Total non-current assets
0.47
Current assets/Current liabilities (excluding provisions)
0.76
Adjusted due to the finalisation of the purchase price accounting of the Scottish Newcastle acquisition as disclosed in note 6 of the Notes to the consolidated financial statements.
Heineken N.V. Annual Report 2010
