Historical Summary
Report of the Report of the Financial
Contents Overview Executive Board Supervisory Board statements
Other information
2013
2012*
2011
2010"
2009
Revenue and profit
In millions of EUR
Revenue
19,203
18,383
17,123
16,133
14,701
Results from operating activities
2,554
3,697
2,215
2,298
1,630
Results from operating activities (beia)
2,941
2,666
2,458
2,430
1,968
as of revenue
15.3
14.5
14.4
15.1
13.4
as of total assets
8.8
7.4
9.1
9.1
9.8
Net profit
1,364
2,914
1,430
1,447
1,018
Net profit (beia)
1,585
1,661
1,584
1,456
1,055
as of equity attributable to equity holders of the Company
13.9
14.2
16.2
14.7
19.7
Dividend proposed
512
512
477
438
318
as of net profit (beia)
32.3
30.8
30.1
30.1
30.1
Per share of EUR1.60
In millions of EUR
Cash flow from operating activities
5.07
4.69
5.05
4.61
4.87
Net profit (beia)
2.76
2.89
2.71
2.59
2.16
Dividend proposed
0.89
0.89
0.83
0.76
0.65
Equity attributable to equity holders of the Company
19.83
20.41
16.701
17.67
10.95
Cash flow statement
In millions of EUR
Cash flow from operations
3,983
3,518
3,720
3,548
3,029
Cash flow related to interest, dividend and income tax
(1,069)
(823)
(809)
(891)
(650)
Cash flow from operating activities
2,914
2,695
2,911
2,657
2,379
Cash flow (used in)/from operational investing activities
(1,396)
(1,210)
(818)
(664)
(638)
Free operating cash flow
1,518
1,485
2,093
1,993
1,741
Cash flow (used in)/from acquisitions and disposals
555
(4,415)
(937)
257
(149)
Dividend paid
(710)
(604)
(580)
(483)
(392)
Cash flow (used in)/from financing activities,
excluding dividend
(1,042)
3,660
(454)
(1,689)
(1,445)
Net cashflow
321
126
122
78
(245)
Cash conversion rate
84.0%
81.5% 122.1% 125.6% 147.7%
Financing ratios
Net debt/EBITDA (beia) 2.58 3.09 2.27 2.26 2.62
Restated for the revised IAS 19 as implemented in 2013 and finalisation of the purchase price allocation for APB.
**Restated for the accounting policy change in employee benefits as implemented in 2011.
""Including the effect of the Allotted Share Delivery Instrument (ASDI) as included in the Annual Report 2011.
Heineken N.V. Annual Report 2013