Notes to the Consolidated Balance Sheet Provisions Deferred tax Pension Other staff Other liabilities liabilities schemes provisions The movements were: Position as at 1 january 2001 312 100 406 158 Changes in the consolidation 25 17 12 7 Revaluations/foreign exchange differences 2 - 1 - Added/released 36 6 33 -15 Utilised - -6 -35 - 15 Other movements -18 -5 5 -2 Position as at 31 December 2001 357 112 422 133 1,024 The provision for pension liabilities relates to pensions and annuities which have not been insured with third parties. The average rate of interest used in calculating the net present value of the provision for pension liabilities, based on current applicable interest rates in the countries con cerned, is 4% (2000:4%). The provision for other staff schemes relates to several early retirement and reorganisation schemes. Additions due to planned and announced restructuring programmes are charged to the profit and loss account, with the excep tion of restructuring programmes relating to recently acquired companies, which are taken into account in the calculation of goodwill. The other provisions mainly comprise provisions formed for receivables from participating interests, for contracts of suretyship provided and for current lawsuits. EUR 933 million of the provisions (2000: EUR 866 million) has a term in excess of one year. FINANCIAL STATEMENTS 2001 59

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2001 | | pagina 65