Financial Statements continued
Notes to the consolidated financial statements
continued
19. Trade and other receivables
In millions of EUR
2006
2005
Trade receivables due from associates and joint ventures
22
29
Trade receivables
1,388
1,435
Other amounts receivable including current part loans to customers
369
218
Derivatives
47
11
Prepayments and accrued income
91
94
1,917
1,787
At 31 December 2006 trade receivables are shown net of an allowance for doubtful debts of €241
million (2005: €251 million). The impairment loss recognised in the current year was €39 million (2005:
€69 million), included in expenses for raw materials, consumables and services.
20. Cash and cash equivalents
In millions of EUR 2006 2005
Bank balances
894
354
Call deposits
480
231
Cash and cash equivalents
1,374
585
Bank overdrafts
(747)
(351)
Cash and cash equivalents in the statement of cash flows
627
234
Heineken has set up a notional Euro cash pool in 2006. The main Eurozone subsidiaries participate in
this cash pool. The structure facilitates interest and balance compensation of cash and bank
overdrafts. This notional pooling does not meet the strict set-off rules under IFRS, and as a result the
cash and bank overdraft balances must be reported 'gross' on the balance sheet. On a 'netted' pro
forma basis cash and cash equivalents and overdraft balances would have been €401 million lower,
resulting in €973 million cash and cash equivalents and €346 million bank overdraft balances.
21. Assets classified as held for sale
In millions of EUR 2006 2005
Property, plant and equipment41
Assets classified as held for sale represent land and buildings following the commitment of Heineken to
a plan to sell the land and buildings. Efforts to sell the assets have commenced and a sale is expected
in 2007.
QO Heineken N.V.
«70 Annual Report 2006
