Historical Summary continued
Reportofthe Reportofthe Financial Other
Contents Overview Executive Board Supervisory Board Statements Information
2015
EBIT (beia)/net interest expense
10.1
8.0
5.8
6.0
6.4
Free operating cash flow/net debt
15%
14%2
14%
12%
25%
Net debt/total equity
0.82
0.82
0.9
1.0
0.8
Financing
In millions of EUR
Share capital
922
922
922
922
922
Reserves and retained earnings
12,613
11,487
10,480
10,812
8,852
Equity attributable to equity holders of the Company
13,535
12,409
11,402
11,734
9,774
Non-controlling interest
1,535
1,043
954
1,071
318
Total equity
15,070
13,452
12,356
12,805
10,092
Employee benefits
1,289
1,443
1,202
1,575
1,174
Provisions (including deferred tax liabilities)
2,332
2,066
1,982
2,340
1,483
Non-current loans and borrowings
10,658
9,499
9,853
11,437
8,199
Other liabilities (excluding provisions)
8,365
8,370
7,944
7,823
6,179
Liabilities (excluding provisions and employee benefits)
19,023
17,869
17,797
19,260
14,378
Total equity and liabilities
37,714
34,830
33,337
35,980
27,127
Equity attributable to equity holders of the Company/
(employee benefits, provisions and liabilities)
0.60
0.58
0.58
0.46
0.57
Employment of capital
In millions of EUR
Property, plant and equipment
9,552
8,718
8,454
8,844
7,860
Intangible assets
18,183
16,341
15,934
17,688
10,835
Other non-current assets
4,065
3,685
3,454
3,911
3,724
Total non-current assets
31,800
28,744
27,842
30,443
22,419
Inventories
1,702
1,634
1,512
1,596
1,352
Trade and other current assets
3,372
3,771
2,693
2,904
2,543
Cash, cash equivalents and current other investments
840
681
1,290
1,037
813
Total current assets
5,914
6,086
5,495
5,537
4,708
Total assets
37,714
34,830
33,337
35,980
27,127
Total equity/total non-current assets
0.47
0.47
0.44
0.42
0.45
Current assets/current liabilities (excluding provisions)
0.71
0.73
0.70
0.72
0.78
1 Restated for the revised IAS 19 as implemented in 2013 and finalisation of the purchase price allocation for APB.
2 Revised for the change in definition of net debt in 2015.
152 Heineken N.V. Annual Report 2015
