Notes to Heineken N.V. financial statements
Financial Statements continued
Reporting entity
The financial statements of Heineken N.V. (the 'Company') are included in the consolidated statements
of Heineken.
Basis of preparation
The Company financial statements have been prepared in accordance with the provisions of Part 9,
Book 2, of the Netherlands Civil Code. The Company uses the option of Article 362.8 of Part 9,
Book 2, of the Netherlands Civil Code to prepare the Company financial statements, using the same
accounting policies as in the consolidated financial statements. Valuation is based on recognition
and measurement requirements of accounting standards adopted by the EU (i.e., only IFRSs that
are adopted for use in the EU at the date of authorisation) as explained further in the notes
to the consolidated financial statements).
The Company presents a condensed income statement, using the facility of Article 402 of Part 9,
Book 2, of the Netherlands Civil Code.
Significant accounting policies
Financial fixed assets
Participating interests (subsidiaries, joint ventures and associates) are measured on the basis of the
equity method.
Shareholders' equity
The translation reserve and other legal reserves are previously formed under and still recognised
and measured in accordance with the Netherlands Civil Code.
Profit of participating interests
The share of profit of participating interests consists of the share of the Company in the results
of these participating interests. Results on transactions, where the transfer of assets and liabilities
between the Company and its participating interests and mutually between participating interests
themselves, are not recognised.
1 1 Q Heineken N.V.
IIO Annual Report 2006
