Heineken UK, Britain’s biggest brewer, reported an operating loss of £5.2m in 2010 due to on-going restructuring, interest costs and a £30m pension contribution. It compares to a £23m loss in 2009 for the Foster’s, Heineken, Kronenbourg 1664 and Strongbow producer. Interest costs were £110.6m (2009: £159.7m) due to Heineken UK’s requirement to support investments in foreign subsidiaries, a legacy from the previous S&N group structure. “Once this process is completed, the debt and interest burden of the company will be significantly reduced,” the firm said. Heineken UK also had £14.7m of exceptional costs (2009: £25.3m) linked to operational and restructurings in 2008 that continued in 2009 and 2010. And the company added: “Due to strong cash flows the company brought forward a £30m pension contribution planned for 2011, which also brought forward the related profit and loss charge.” Turnover in 2010 dipped 1.7% to £1,663.3m. However, the company turned around a post-tax loss of £132.8m in 2009 to report profit after tax of £736.7m in 2010, helped by a dividend payment of £845.4m and £25.7m respectively from sister companies S&N Finland and Dawes Group as part of a restructuring of its subsidiaries. Net operating costs fell 2.7% in 2010 to £1,668.5m. Director’s renumeration increased from £1.6m to £2.7m, with the highest paid director’s salary up from £250,000 to £471,000. The company’s net liability fell from £2,962.8m to £2,304.4m. Excluding inter-company balances within the Heineken group, its net asset position was £308m (2009: £436.1m). The directors did not recommend payment of an ordinary dividend. Preference dividends of £9.3m were accrued in 2010, unchanged from 2009.