Financial Statements continued Notes to the consolidated financial statements continued 30. Financial instruments At balance sheet date it is estimated that a general increase of one per centage point in interest rates would have decreased Heineken's profit before income tax by approximately €0.5 million (2005: approximately €3.3 million). The effect of interest rate swaps has been included in this calculation. It is estimated that a general increase of one per centage point in the value of the Euro against other currencies would have decreased Heineken's profit before income tax by approximately €4 million for the year ended 31 December 2006 (2005: approximately €11 million). The effect of the forward exchange contracts has been included in this calculation. Effective interest rates and repricing analysis In respect of income-earning financial assets and interest-bearing financial liabilities, the following table indicates their average effective interest rates at the balance sheet date and the periods in which they mature or, if earlier, re-price. 2006 In millions of EUR Average effective interest rate Total 1 year or less 1-2 years 2-5 years More than 5 years Cash and cash equivalents and current other investments 1,386 1,379 2 1 4 Secured bank loans (10) (10) - Unsecured bank loans: Loans from banks in EUR 4.79% (520) (4) (180) (167) (169) Loans from banks in PLN 4.33% (26) (13) (13) Loans from banks in CLP 3.59% (87) (18) (1) (68) Loans from banks in EGP 10.60% (85) (25) (26) (34) Bank loans in various currencies 5.16% (165) (118) (22) (16) (9) Unsecured bond issues: Bond issue in EUR 4.47% (499) - (499) Bond issue in EUR 5.10% (597) - (597) Bond issue in EUR 5.50% (200) - - (200) Bond issue in CLP 3.90% (47) - (3) (5) (39) Deposits from third parties and other current interest bearing liabilities 4.74% (309) (302) (2) (4) (1) Finance lease liabilities (7) (1) (2) (3) (1) Bank overdrafts (747) (747) Net interest-bearing debt position (1,913) 154 (247) (1,008) (812) A AO Heineken N.V. 1UO Annual Report 2006

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2006 | | pagina 111