(v Subsequent expenditure Subsequent expenditure on capitalised intangible assets is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure is expensed as incurred. (vi) Amortisation Amortisation is charged to the income statement on a straight-line basis over the estimated useful lives of intangible assets except goodwill, from the date they are available for use. The estimated useful lives are as follows: Brands 15 - 25 years Software 3 years Capitalised development costs 3 years (i nvestments lebt securities held to maturity D bt securities are loans and long-term receivables and are valued at amortised cost. (i investments in debt and equity securities Ir estments held for trading are classified as current assets and are stated at fair value, with any resultant g in or loss recognised in the income statement. 0 her investments held by Heineken are classified as being available-for-sale, and are stated at fair value, v th any resultant gain or loss being recognised in equity, except for impairment losses. When these ir estments are derecognised, the cumulative gain or loss previously recognised directly in equity is r ;ognised in the income statement. Where these investments are interest-bearing, interest calculated u ng the effective interest method is recognised in the income statement. The fair value of investments held for trading and investments available-for-sale is their quoted bid price a the balance sheet date. estments held for trading and available-for-sale investments are recognised/derecognised by Heineken o: the date it commits to purchase/sell the investments. Investments held-to-maturity are recognised c derecognised on the day they are transferred to/by Heineken. Heineken N.V. - Annual Report 2005

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2005 | | pagina 77