115.
31. Financial fixed assets
Loans to
Participating participating
In millions of EUR interest interest Total
Balance as at 1 January 2004
808
2,837
3,645
Change in accounting policy (application IFRS)
(198)
(198)
Balance at 1 January 2004
610
2,837
3,447
Profit of participating interests
658
658
Dividend payments by participating interests
(322)
322
Effect of movements in foreign exchange
5
5
Other movements
(1)
263
262
talance as at 31 December 2004
950
3,422
4,372
Balance as at 1 January 2005
Change in accounting policies IAS 32/39
44
44
^rofit of participating interests
743
743
Dividend payments by participating interests
(244)
244
Effect of movements in foreign exchange
143
143
Other movements
(38)
55
17
balance as at 31 December 2005
1,598
3,721
5,319
32. Total equity
Capital and reserves Issued Translation
Hedging and
Legal fair value
reserves reserve
Revaluation
Retained
earnings
Total
3a!ance at
1 January 2004 784
114
398
886
798
2,980
Change in accounting
oolicy (application IFRS)
180
(398)
20
(198)
Jalance at 1 January 2004
iccording to IFRS 784
294
906
798
2,782
^Jet income
ecognised directly
in equity1 - 5
3
(3)
5
3rofit
80
(80)
642
642
Transfer to
etained earnings
Dividends
o shareholders
(28)
826
(173)
(798)
(173)
3alance at
il December 2004 784 5
349
1,476
642
3,256
Net income recognised directly in equity is explained in the consolidated statement of income and expense.
Heineken N.V. - Annual Report 2005