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