94. Notes to the consolidated financial statements continued
20. Employee benefits continued
Principal actuarial assumptions at the balance sheet date
Europe
Africa
Asia
2005
2005
2005
2005
Discount rate at 31 December
2.5-6.5
3.5-7.0
5.5-6.5
5.5-6.5
4.5-19 5.5-19
3.5-13
3.5-10
Expected investment yield
3.5-6.6
4-6.6
5.25
6
5 6-17
3.5-11
3.5-11
Future pay increases
1.5-8
2-9
0.5-5
0.5-5
3-17 3-17
3.5-8
3.5-8
Future pension increases
1-3.5
1.5-2.5
3.5
2 2
8
8
Medical cost trend rate
1.5
5
5
21. Provisions
lillions of EUR
Balance at 1 January 2005
195
146
341
Changes in consolidation
19
19
Provisions made during the year
116
13
129
Provisions used during the year
(62)
(36)
(98)
Provisions reversed during the year
(14)
(13)
(27)
Translation differences
1
8
9
Balance at 31 December 2005
236
137
373
Non-current part 182 91 273
Current part5446 100
236 137 373
Restructuring
The provision for restructuring of €236 million mainly relates to restructuring programmes
in The Netherlands, France, and Spain.
Other provisions
The other provisions include amongst others provisions formed for onerous contracts, surety provided
and for lawsuits.
Heineken N.V. - Annual Report 2005