Dividends The following dividends were declared and paid by HEINEKEN: 2011 Final dividend previous year EUR0.50, respectively EUR0.40 per qualifying ordinary share 299 195 Interim dividend current year EUR0.30, respectively EUR0.26 per qualifying ordinary share 175 156 Total dividend declared and paid 474 351 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 cent of the total dividend of the previous year. After the balance sheet date the Executive Board proposed the following dividends. The dividends, taking into account the interim dividends declared and paid, have not been provided for. In millions of EUR20112010 per qualifying ordinary share EUR0.83 (2010: EUR0.76)477438 23. Earnings per share Basic earnings per share The calculation of basic earnings per share as at 31 December 2011 is based on the profit attributable to ordinary shareholders of the Company (net profit) of EUR1.430 million (2010: EUR1.447 million) and a weighted average number of ordinary shares -basic outstanding during the year ended 31 December 2011 of 585,100,381 (2010:562,234,725). Basic earnings per share for the year amounts to EUR2.44 (2010: EUR2.57). Weighted average number of shares - basic 20112010 576,002,613 489.974.594 (1,177,321) (1,152,409) 10,275,089 14,726.761 58.685.780 585,100,381 562,234,726 Number of shares basic 1 January Effect of LTV own shares held Effect of undelivered ASDI shares Effect of new shares issued Weighted number of basic shares for the year ASDI Allotted Share Delivery Instrument (ASDI) represents HEINEKEN's obligation to deliver shares to FEMSA, either through issuance and/or purchasing of its own shares in the open market, which was concluded in 2011EPS 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 the year all shares have been repurchased. Diluted earnings per share The calculation of diluted earnings per share as at 31 December 2011 was based on the profit attributable to ordinary shareholders of the Company (net profit) of EUR1,430 million (2010: EUR1,447 million) and a weighted average number of ordinary shares - basic outstanding after adjustment for the effects of all dilutive potential ordinary shares of 586,277,702 (2010:563,387,135). Diluted earnings per share for the year amounted to EUR2.44 (2010: EUR2.57). Weighted average number of shares - diluted 2011 Weighted number of basic shares for the year 585,100,381 562,234,726 Effect of LTV own shares held 1,177,321 1,152,409 Weighted average diluted shares for the year 586,277,702 563,387,135 Heineken N.V. Annual Report 2011 113

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