Costs incurred for intangible assets, including patents, licences, software, research and development, are char ged directly to income. Differences in valuation resulting from revaluation are credited or debited to the Group funds, if applicable, after deduction of an amount for deferred tax liabilities. The items in foreign currency in the annual accounts have been converted at the rates of exchange on the balance sheet date. Valuation differences arise as a result of translation of the balance sheets of foreign consolidated participations at the beginning of the financial year at the rates of exchange which have altered at the end of the year. These differences are regarded as revaluations. Other differences connected with changes in rates of exchange are incorporated in the Statement of Income. The differences between price and value according to these policies upon the purchase of enterprises or partici pations therein are offset against the Group funds. Consolidated Balance Sheet Tangible fixed assets Total Plants and sites Machinery and installations Other fixed operating assets Projects under construction Position on January 1. 1985 Investments less disposals Projects completed Revaluation Transfers Changes in the extent of the consolidation Depreciation and value adjustments 2,831.784 460,505 - 108,140 148.144 - 327.360 1,057.893 29,543 70,195 41,562 458 56.860 58.044 1.250,782 62,086 214,604 66.274 .172 71.786 - 195,884 314,739 68,845 16,706 304 630 19.498 73,432 208,370 300,031 - 301,505 Position on December 31, 1985 3.004.933 1.114.427 1.336,928 346.682 206,896 This book value is composed as follows: Replacement cost Cumulative depreciation 6.301.285 3.296.352 2,015,148 900.721 3,080,406 1.743,478 998.835 652,153 206,896 3,004,933 1,114,427 1.336.928 346,682 206.896 The cumulative amount of the revaluations as from January 11984. is: 35.819 6.798 18.488 10,533 Other fixed operating assets include means of transport and furniture and fittings as well as crates, cases, kegs and pallets. Machinery and installations include assets with a book value of N.fl. 26.3 million which are available in virtue of capital leases. 38

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 1985 | | pagina 35