Heineken N.V. annual accounts 1986
39
Provisions
These comprise:
Provision for deferred tax labilities
Provision for pension liabilities
Provision for other personnel schemes
Other provisions
1986
1985
488,138
86,135
175,461
8,200
463,872
41,516
152,959
7,378
757,934 665,725
The Provision for pension liabilities largely relates to
pensions and annuities which have not been funded
elsewhere. The increase in this provision is substantially due
to the full consolidation of El Aguila.
The rise in the provision for other personnel schemes is
mainly due to an improvement of the existing schemes.
The provisions are almost entirely to be considered as
becoming due and payable after more than one year.
Long-term debts
The debts becoming due and payable after more than one
year relate to:
More More
Total than 5 years Total than 5 years
Euro-guilder Notes Loan, interest 6.5%, redeemable on
February 1, 1991
Euro-guilder Notes Loan, interest 10%, redeemable on
July 15, 1987
Loan in guilders, interest 10.25%, annual repayments of
approx. N.fl. 5.3 million already commenced, with the
obligation not to encumber the complex at Zoeterwoude in
the Netherlands
Debentures and private loans, average interest 11.7%
(1985: 11.6%), securities given in the form of mortgages up
to an amount of N.fl. 141 million (1985: N.fl. 148 million)
Other debts, interest-free
609,663 135,564 528,260 149,772
150,000
37,335
366,439
55.889
16,002
81,290
38,272
100.000
42,668
361,680
23,912
21,335
104,525
23,912