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conP"d$troHrs<br />
KEY EVEilT3 O} I989<br />
o Achieved record soles, income from<br />
operolions, net income ond nel<br />
income per shore.<br />
o Completed on initiol public stock<br />
offering of 35 million shores in<br />
December. Listed on the Amsterdom<br />
ond New York siock exchonges.<br />
oAcquired lslond Records in July, ond<br />
ogreed io ocquire A&M Records, os of<br />
Jonuory 1990.<br />
Ftltalrctal<br />
HtcHttGHts<br />
All amo!n}l in millions o{ Nerherloids suildeB onle$ s}ored othe ise 1988 % Chonoe<br />
o Exponded music publishing with rhe<br />
ocquisition of the Welk Music Group,<br />
Sweden Music Publishing, ond the<br />
music publishing operotions of the<br />
lslond Group.<br />
lnGome Stotement Dqtq<br />
Net Soles<br />
4,t 05<br />
3,426<br />
20<br />
lncome from Operotions<br />
457<br />
339<br />
J)<br />
Net lncome<br />
333<br />
262<br />
Nel lncome per Shore {NLG)<br />
2.OA<br />
1.64<br />
27<br />
Bolonce Sheet Doto<br />
Totol Asseis<br />
Long-Term Debt<br />
3,693<br />
l5r<br />
2,944<br />
43<br />
25<br />
251<br />
Shoreholders'Equity<br />
937<br />
820<br />
t4