Overview Report of the Executive Board Report of the Supervisory Board Financial statements Other information 2012 2011 2010* 2009 2008 EBIT (beia)/Net interest expense 6.0 6.4 5.4 3.9 5.1 Free operating cash flow/Net debt 12% 25% 25% 23% 6% Net debt/Equity 1.0 0.8 0.8 1.4 1.9 Financing Share capital 922 922 922 784 784 Reserves and retained earnings 10,769 8,852 9,010 4,567 3,687 Equity attributable to equity holders of the Company 11,691 9,774 9,932 5,351 4,471 Non-controlling interest 1,071 318 288 296 281 Total equity 12,762 10,092 10,220 5,647 4,752 Employee benefits 1,632 1,174 1,097 634 688 Provisions (including deferred tax liabilities) 2,337 1,483 1,589 1,304 1,163 Non-current loans and borrowings 11,437 8,199 8,078 7,401 9,084 Other liabilities (excluding provisions) 7,811 6,179 5,678 5,194 4,900 Liabilities (excluding provisions) 19,248 14,378 13,756 12,595 13,984 Total equity and liabilities 35,979 27,127 26,662 20,180 20,587 Equity attributable to equity holders of the Company/ (employee benefits, provisions, and liabilities)0.500.570.600.370.28 Employment of capital In millions of EUR Property, Plant and Equipment Intangible assets Other non-current assets Total non-current assets 8,792 7,860 7,687 6,017 6,314 17,725 10,835 10,890 7,135 7,030 3,925 3,724 3,767 2,875 2,494 30,442 22,419 22,344 16,027 15,838 Inventories 1,596 1,352 1,206 1,010 1,246 Trade and other current assets 2,904 2,543 2,502 2,623 2,805 Cash, cash equivalents and current other investments 1,037 813 610 520 698 Total current assets 5,537 4,708 4,318 4,153 4,749 Total assets35,979 27,127 26,662 20,180 20,587 Total equity/Total non-current assets 0.42 0.45 0.46 0.35 0.30 Current assets/Current liabilities (excluding provisions) 0.72 Comparatives have been adjusted due to the accounting policy change in employee benefits (see note 2e of the 2011 Financial statements) Heineken N.V. Annual Report 2012 169

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2012 | | pagina 171