106. Notes continued
30. Explanation of transition to IFRS continued
Reconciliation balance sheet as at 1 January 2004 and
31 December 2004
1 January 2004
31 December 2004
Effect
Effect
Previous
transition
Previous
transition
In millions of EUR
GAAP
to IFRS
IFRS
GAAP
to IFRS
IFRS
Assets
Property, plant equipment1
4,995
(363)
4,632
5,127
(354)
4,773
Intangible assets2
1,151
115
1,266
1,720
117
1,837
Investments in associates and
other investments3
944
(7)
937
762
4
766
Deferred tax assets4
18
268
286
17
252
269
Total non-current assets
7,108
13
7,121
7,626
19
7,645
Inventories5
834
834
779
3
782
Trade and other receivables6
1,379
327
1,706
1,309
337
1,646
Investment
76
(51)
25
76
(50)
26
Cash and cash equivalents7
1,340
50
1,390
628
50
678
Total current assets
3,629
326
3,955
2,792
340
3,132
Total assets
10,737
339
11,076
10,418
359
10,777
Total equity attributable to equity
holders of the parent
2,980
(198)
2,782
3,379
(123)
3,256
Minority interest
728
52
780
483
(6)
477
Total equity
3,708
(146)
3,562
3,862
(129)
(3,733)
Liabilities
Interest-bearing loans and borrowings
2,669
2,669
2,619
(4)
2,615
Other non-current liabilities
22
22
23
23
Employee benefits
708
708
680
680
Provisions8
406
(58)
348
341
(43)
298
Deferred tax liabilities4
315
166
481
227
157
384
Total non-current liabilities
4,120
108
4,228
3,890
110
4,000
Interest-bearing loans and borrowings
and bank overdraft
1,093
1,093
951
(5)
946
Trade and other payables9
1,713
322
2,035
1,685
340
2,025
Tax payable
103
103
30
30
Provisions
55
55
43
43
Total current liabilities
2,909
377
3,286
2,666
378
3,044
Total liabilities
7,029
485
7,514
6,556
488
7,044
Total equity, minority interest
and liabilities
10,737
339
11,076
10,418
359
10,777
Heineken N.V. - Annual Report 2005
