Contents Overview Report of the Executive Board Report of the Supervisory Board Financial statements Other information 2014 2013 2012* 2011 2010" EBIT (beia)/net interest expense 8.0 5.8 6.0 6.4 5.4 Free operating cash flow/net debt 14% 14% 12% 25% 25% Net debt/total equity 0.8 0.9 1.0 0.8 0.8 Financing In millions of EUR Share capital 922 922 922 922 922 Reserves and retained earnings 11,487 10,480 10,812 8,852 9,010 Equity attributable to equity holders of the Company 12,409 11,402 11,734 9,774 9,932 Non-controlling interest 1,043 954 1,071 318 288 Total equity 13,452 12,356 12,805 10,092 10,220 Employee benefits 1,443 1,202 1,575 1,174 1,097 Provisions (including deferred tax liabilities) 2,066 1,982 2,340 1,483 1,589 Non-current loans and borrowings 9,499 9,853 11,437 8,199 8,078 Other liabilities (excluding provisions) 8,370 7,944 7,823 6,179 5,678 Liabilities (excluding provisions) 17,869 17,797 19,260 14,378 13,756 Total equity and liabilities 34,830 33,337 35,980 27,127 26,662 Equity attributable to equity holders of the Company/ (employee benefits, provisions, and liabilities) 0.58 0.58 0.46 0.57 0.60 Employment of capital In millions of EUR Property, plant and equipment 8,718 8,454 8,844 7,860 7,687 Intangible assets 16,341 15,934 17,688 10,835 10,890 Other non-current assets 3,685 3,454 3,911 3,724 3,767 Total non-current assets 28,744 27,842 30,443 22,419 22,344 Inventories 1,634 1,512 1,596 1,352 1,206 Trade and other current assets 3,771 2,693 2,904 2,543 2,502 Cash, cash equivalents and current other investments 681 1,290 1,037 813 610 Total current assets 6,086 5,495 5,537 4,708 4,318 Total assets 34,830 33,337 35,980 27,127 26,662 Total equity/total non-current assets 0.47 0.44 0.42 0.45 0.46 Current assets/current liabilities (excluding provisions) 0.73 0.70 0.72 0.78 0.79 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. Heineken N.V. Annual Report 2014

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2014 | | pagina 151