82. Notes to the consolidated financial statements continued 2. Acquisitions and disposal of subsidiaries and joint ventures continued Effect of acquisitions and disposal Other acquisitions and disposals had the following effect on Heineken's assets and liabilities. In millions of EUR Acquisitions 2005 Disposal 2005 Property, plant equipment 89 (253) Intangible assets 4 - Investments in associates 5 Other investments (8) Deferred tax assets 2 Inventories 24 Trade and other receivables 12 (2) Current investment - Minority interests 8 - Interest-bearing loans and borrowings (21) Employee benefits (11) Provisions (20) 1 Deferred tax liabilities (7) Other payables (25) 3 Net identifiable assets and liabilities 52 (251) Goodwill acquisition 120 Consideration paid/(received), satisfied in cash 172 (251) Cash (acquired)/disposed of 2 Net cash outflow/(inflow) 174 (251) The fair values of assets and liabilities of some acquisitions have been determined on a provisional basis, since not all information was available yet on the date of acquisition. The amount of goodwill paid relates to synergies to 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 in the region. The disposals relate to the sale of our real estate business in Austria. 3. Raw materials, consumables and services In millions of EUR 2005 2004 Raw materials 715 709 Packaging 1,244 1,142 Goods for resale 1,404 1,235 Stock movements 10 (7) Marketing and selling expenses 1,353 1,192 Transport costs 525 520 Energy and water 218 181 Repair and maintenance 241 233 Other expenses 947 896 6,657 6,101 Heineken N.V. - Annual Report 2005

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2005 | | pagina 88