168 Historical Summary (continued) Report of the Report of the Financial Sustainability 1 Other 1 Introduction Executive Board Supervisory Board Statements Review 1 Information 1 Heineken N.V. Annual Report 2017 2017 2016 20152 2014 2013 Operating profit (beia)/net interest expense (beia) 10.1 10.0 9.6 7.7 5.5 Free operating cash flow/net debt 16% 16% 15% 14%1 14% Net debt/total equity 0.89 0.77 0.76 0.82 0.9 Financing In millions of Share capital 922 922 922 922 922 Reserves and retained earnings 12,399 12,316 12,613 11,487 10,480 Equity attributable to equity holders of the Company 13,321 13,238 13,535 12,409 11,402 Non-controlling interest 1,200 1,335 1,535 1,043 954 Total equity 14,521 14,573 15,070 13,452 12,356 Employee benefits 1,289 1,420 1,289 1,443 1,202 Provisions (including deferred tax liabilities) 2,643 2,128 2,332 2,066 1,982 Non-current loans and borrowings 12,301 10,954 10,658 9,499 9,853 Other liabilities (excluding provisions) 10,280 10,246 10,773 8,370 7,944 Liabilities (excluding provisions and employee benefits) 22,581 21,200 21,431 17,869 17,797 Total equity and liabilities 41,034 39,321 40,122 34,830 33,337 Equity attributable to equity holders of the Company/ (employee benefits, provisions and liabilities) 0.50 0.53 0.54 0.58 0.58 Employment of capital In millions of Property, plant and equipment 11,117 9,232 9,552 8,718 8,454 Intangible assets 17,670 17,424 18,183 16,341 15,934 Other non-current assets 3,999 4,528 4,065 3,685 3,454 Total non-current assets 32,786 31,184 31,800 28,744 27,842 Inventories 1,814 1,618 1,702 1,634 1,512 Trade and other current assets 3,992 3,484 3,372 3,771 2,693 Cash, cash equivalents and current other investments 2,442 3,035 3,248 681 1,290 Total current assets 8,248 8,137 8,322 6,086 5,495 Total assets 41,034 39,321 40,122 34,830 33,337 Total equity/total non-current assets 0.44 0.47 0.47 0.47 0.44 Current assets/current liabilities (excluding provisions) 0.80 0.79 0.77 0.73 0.70 1 Revised for the change in definition of net debt in 2015. 2 Comparative figures for 2015 have been revised to reflect the change in accounting policy on netting cash and overdraft balances in cash pooling arrangements with legally enforceable rights to offset.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2017 | | pagina 169