81.
Effect of acquisitions and disposals
The total effect of Russian acquisitions had the following effect on Heineken's assets and liabilities.
Acquisition
ilions of EUR 2005
Property, plant equipment
188
Intangible assets
46
Investments in associates
Other investments
2
Deferred tax assets
10
Inventories
29
Trade and other receivables
63
Current investment
M lority interests
3
In erest-bearing loans and borrowings
(109)
E ïployee benefits
Provisions
D ferred tax liabilities
(15)
0 her payables
(80)
f t identifiable assets and liabilities
137
G jdwill on acquisition
393
C isideration paid, satisfied in cash
530
C sh (acquired)/disposed of
(4)
f t cash outflow
526
T e fair values of assets and liabilities of our Russian acquisitions have been determined on a provisional
b sis since not all information was available yet on the date of acquisition. The Goodwill related to
tf acquisitions amounted €393 million. The amount of goodwill paid relates to expected synergies
t be achieved. Synergies to be achieved are a result of a stronger presence in the market and synergies
in purchasing, sourcing and selling due to the integration of our activities of the companies in Russia.
T e strong local market positions will enable us to roll out our national and international brand portfolio.
Heineken N.V. - Annual Report 2005
