116. Notes to Heineken N.V. financial statements continued
32. Total equity continued
Capital and reserves
In millions of EUR
Issued Translation
capital
Hedging and
Legal fair value Revaluation Retained
reserves reserve reserve earnings
Net profit
Total
equity
Balance at
1 January 2005 784 5
349
1,476
642
3,256
Net income recognised
directly in equity1 - 143
25
28
(48)
148
Profit2
80
(80)
761
761
Transfer to
retained earnings -
(62)
704
(642)
Dividends
to shareholders
(196)
(196)
Balance at
31 December 2005 784 148
392
28
1,856
761
3,969
Net income recognised directly in equity is explained in the consolidated statement of income and expense.
2 Included is the effect of the change in accounting policy due to the application of IAS 32/39 amounting to €44 million).
33. Interest-bearing loans and borrowings
Terms and debt repayment schedule
In millions of EUR
Total
1 year
or less
1-2
years
2-5
years
More than
2004
Unsecured
Bond loan from credit institutions, in EUR,
average effective interest rate 4.47%
498
498
498
Bond loan from credit institutions, in EUR,
average effective interest rate 5.10%
596
596
596
Loans from credit institutions, in EUR,
average effective interest rate 4.37%
160
160
118
1,254
-
-
498
756
1,212
34. Off-balance-sheet commitments
2005
2004
Third
parties
Group
companies
Third
parties
Group
companies
Declarations of joint e
-
920
855
Fiscal unity
The Company is part of the fiscal unity of Heineken in the Netherlands. Based on this the Company is liable
for the tax liability of the fiscal unity in the Netherlands.
Heineken N.V. - Annual Report 2005
