Notes to the Consolidated Balance Sheet
Intangible fixed assets
With effect from 2001, investments in major ICT projects
and technical innovations satisfying the applicable criteria
have been capitalised and amortised over three years.
In 2002, an amount of €35 million (2001: €17 million) was
capitalised and an amount of €10 million (2001: €4 million)
was amortised.
Tangible fixed assets
Total
Land and
buildings
Plant and
equipment
Other
fixed assets
Projects under
construction
Position as at 1 January 2002
Changes in the consolidation
Investments less disposals
Completed projects
Exchange differences
Revaluation
Depreciation and value adjustments
3,592
378
695
-144
53
-481
1,135
137
40
28
-37
9
-62
1,500
149
264
142
-60
40
-218
716
77
182
69
-32
4
-201
241
15
210
■239
-15
Position as at 31 December 2002
4,094
1,250
1,817
815
212
This book value is made up as follows:
Replacement cost
Accumulated depreciation
9,897
-5,803
2,790
1,540
4,781
-2,964
2,114
1,299
212
4,094
1,250
1,817
815
212
The aggregate amount of revaluations included
in the book value as at 31 December 2002 is:
622
237
355
30
Other fixed assets includes vehicles, office equipment and
returnable packaging. Projects under construction also
includes advance payments on tangible fixed assets on
order. With effect from 2002, investment grants have
been deducted from the cost of the tangible fixed assets
concerned.
HEINEKEN N.V. ANNUAL REPORT 2002
52
