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