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