Notes to the Consolidated Balance Sheet Intangible fixed assets Commencing in 2003, goodwill is capitalised and amor tised over a maximum period of 20 years. The invest ment in goodwill in 2003 relates to the acquisitions of Karlsberg in Germany, Dinal in Kazakhstan, CCU in Chile, Karlovacka in Croatia and the BBAG group in Austria and to the expansion of existing interests and acquisitions of beverage wholesalers. Software and other investments in major ICT projects and in technical innovations satisfying the applicable criteria are capitalised and amortised in three years. Intangible fixed assets Position as at 1 January 2003 Changes in the consolidation Investments less disposals Exchange differences Amortisation Position as at 31 December 2003 This book value is made up as follows: Historical cost Accumulated amortisation Total Software Goodwill and other 39 39 12 12 1.150 26 1,124 -1 -1 -49 -18 -31 1.151 58 1,093 1,215 91 1,124 -64 -33 -31 1,151 58 1,093 HEINEKEN N.V. ANNUAL REPORT 2003 58

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2003 | | pagina 64