Historical Summary Other information 2011 2010* 2009 2008 2007 Revenue and profit Revenue 17,123 16,133 14,701 14,319 11,245 Results from operating activities 2,215 2,298 1,630 1,182 1,364 Results from operating activities (beia) 2,458 2,430 1,968 181 1,642 as of revenue 14.4 15.1 13.4 1.3 14.6 as of total assets 9.1 9.1 9.8 0.9 13.7 Net profit 1,430 1,447 1,018 209 807 Net profit (beia) 1,584 1,456 1,055 1,013 1,119 as of equity attributable to equity holders of the Company 16.2 14.7 19.7 22.7 20.7 Dividend proposed 477 438 318 304 343 33.1 30.2 31.2 145.5 42.5 Per share of EUR1.60 Cash flow from operating activities 5.05 4.61 4.87 3.39 3.12 Net profit (beia) 2.71 2.59 2.16 2.07 2.28 Dividend proposed 0.83 0.76 0.65 0.62 0.70 Equity attributable to equity holders of the Company including the effect of the ASDI 16.70 17.67 10.95 9.14 11.04 Cash flow statement Cash flow from operations 3,720 3,548 3,029 2,168 1,945 Cash flow used for interest, dividend and income tax (809) (891) (650) (508) (416) Cash flow from operating activities 2,911 2,657 2,379 1,660 1,529 Cash flow from operational investing activities (818) (664) (638) (1,110) (866) Free operating cash flow 2,093 1,993 1,741 550 663 Cash flow used for acquisitions and disposals (937) 257 (149) (3,634) (259) Dividend paid (580) (483) (392) (485) (417) Cash flow from/(used in) financing activities, excluding dividend (454) (1,689) (1,445) 3,794 (214) Net cash flow 122 78 (245) 225 (227) Cash conversion rate 122.1% 125.6% 147.7% 47.8% 53.4% Financing ratios Net debt/EBITDA (beia) 2.27 2.26 2.62 3.28 0.73 Comparatives have been adjusted due to the accounting policy change in employee benefits (see note 2e of the Financial statements) 164 Heineken N.V. Annual Report 2011

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2011 | | pagina 166