89. Tax losses Heineken has, for an amount of €190 million (2004: €198 million), losses carry forward as per 31 December 2005 which expire in the following years: 1 2006 2007 42 2008 42 2009 15 2010 10 After 2010 but not unlimited 33 Unlimited40 190 Recognised as deferred tax assets(50) ecognised tax losses 140 f wement in temporary differences during the year Effect of Balance movements Balance 31 1 January Changes in in foreign Recognised Recognised December llions of EUR2005 consolidation exchange in income in equity2005 P operty, plant equipment (341) (18) (16) 15 - (360) Ir tangible fixed assets (18) 6 - (3) - (15) 0 her investments 5 - - 4 5 14 Irventories 11 - 1 (3) - 9 It terest-bearing loans and borrowings 1- - - 2 3 E nployee benefits 157 1 - (19) - 139 Provisions 51 - 2 7 - 60 C her items (3) 1 (2) 17 11 24 T x value of loss carry-forwards utilised22-2(6)119 (115j (10) (13) 1219 (107) 1 Inventories nillions of EUR20052004 F )w materials 147 134 V ork in progress 83 81 F lished products 191 206 C nods for resale 172 122 F in-returnable packaging 83 61 C her inventories207178 883 782 llions of EUR20052004 'entories stated at fair value less costs to sell6846 Heineken N.V. - Annual Report 2005

Jaarverslagen en Personeelsbladen Heineken

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