Notes to the Balance Sheet and the Profit and Loss Account for the Financial Year 2000 of Heineken N.V. Accounting policies for the valuation of assets and liabilities and for determining income Shares in Group companies are valued at net asset value calculated in accordance with the account ing policies for the valuation of assets and liabilities stated on page 58 onwards. Accounts receivable from Group companies are stated at nominal value. Also stated at nominal value are accounts receivable, cash at bank and in hand, long-term debts and current liabilities. Goodwill, being the negative difference between the value as calculated in accordance with the stated accounting policies and the price paid upon the acquisition of Group companies, is charged to the general reserve. Positive differences are credited to the revaluation reserve. The difference in value of a Group company at the beginning of the financial year and at the end of the financial year is offset against the revaluation reserve or, if this is insufficient, against the gen eral reserve, in so far as this difference in value does not relate to the changes in the paid-up share capital, the earnings of and the dividends from this Group company. The profit and loss account has been drawn up in accordance with the accounting policies as stated on page 59 onwards. 78

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2000 | | pagina 86