Financial Review continued
Reportofthe Reportofthe Financial Other
Contents Overview Executive Board Supervisory Board Statements Information
Currency split of net debt
in millions of EUR
EUR 55%
USD USD proxy 33%
GBP 5%
Other 7%
Obligatory long- term debt repayments
2016
866
2017
1,300
2018
1,081
2019
1,085
2020
1,028
2021
1,022
2022
833
2023
1,059
2024
960
2025
975
>2025
1,014
Profit appropriation
The Heineken N.V. dividend policy is to payout a ratio of 30 per cent to 40 per cent of full-year net profit (beia). For 2015, payment of a total cash dividend
of EUR1.30 per share (2014: EUR1.10) will be proposed to the Annual General Meeting. This implies a 36 per cent payout ratio, in line with the payout ratio
in 2014. If approved, a final dividend of EUR0.86 per share will be paid on 4 May 2016. as an interim dividend of EUR0.44 per share was paid on 12 August
2015. The payment will be subject to a 15 per cent Dutch withholding tax. The ex-final dividend date for Heineken N.V. shares will be 25 April 2016.
33 Heineken N.V. Annual Report 2015
