90 Heineken N.V. Annual Report 2004 Financial Statements 2004 Notes to the Consolidated Balance Sheet Provisions Deferred tax Pension Reorganisation Other Total liabilities liabilities provisions provisions The movements were: Position as at 1 January 2004 415 526 173 253 1,367 Change in accounting policies -100 -526 - -20 -646 Changes in the consolidation -75 - 6 -25 -94 Revaluations/exchange differences -1 - - -3 -4 Added/released 17 - 45 -13 49 Utilised - - -52 -22 -74 Other movements -29 - -1 -30 Position as at 31 December 2004 227 0 172 169 568 Additions due to planned and announced restructuring programmes are charged to the profit and loss account, with the exception of restructuring programmes relating to recently acquired companies, which are taken into account in the calculation of goodwill. The other provisions comprise provisions formed for receivables from participating interests, for contracts of surety provided and for current lawsuits. €482 million of the provisions (2003: €1,258 million) has a term in excess of one year. 2004 Employee benefits Net present value of unfunded liablities 422 Net present value of funded liablities 2,176 Less: Fair value of the investments -1,843 Net present value of pension rights granted 755 Less: Unrecognised actuarial gains and losses -121 Liability included in the balance sheet 634 Provision by other deferred benefits 46 Position as at 31 December 2004 680

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2004 | | pagina 95