99. Fair values The fair values together with their carrying amounts are shown below: Carrying amount 2005 Fair value 2005 Equity securities available-for-sale 165 165 Debt securities held-to-maturity 481 481 Equity securities held-for-trading 23 23 Non-interest-bearing current assets 1,776 1,776 Interest rate swaps: Assets 2 2 Liabilities (8) (8) Fc rward exchange contracts: Assets 4 4 Liabilities (44) (44) Forward rate agreements Assets 5 5 Liabilities (10) (10) Bonds (1,344) (1,415) Bank loans (1,252) (1,258) 0 her interest-bearing debt (300) (302) Fi ïance lease liabilities (8) (8) L ng-term debts interest-free (38) (40) N n-interest-bearing current liabilities (2,317) (2,317) (2,865) (2,946) F; r value has been determined either by reference to the market value at the balance sheet date Oi by discounting the relevant cash flows using current interest rates for similar instruments. Heineken N.V. - Annual Report 2005

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2005 | | pagina 105