Notes to the consolidated financial statements 104 Financial statements 20. Trade and other receivables In millions of EUR Note 2007 2006 Trade receivables due from associates and joint ventures 9 22 Trade receivables 1,416 1,388 Other receivables including current part loans to customers 448 369 1,873 1,779 Included in other receivables including current part loans to customers, is a deferred payment in relation to the sale of a brewery site in 2006 in Seville, Spain, amounting to €153 million. With respect to this deferred payment, Heineken Espana received bank guarantees from several banks to cover this deferred payment by the buyer, due in March 2008. A net impairment loss of €19 million (2006: €3 million) in respect of trade receivables was included in expenses for raw materials, consumables and services. 21. Cash and cash equivalents In millions of EUR Note 2007 2006 Bank balances 326 894 Call deposits 389 480 Cash and cash equivalents 30 715 1,374 Bank overdrafts 24 (282) (747) Cash and cash equivalents in the statement of cash flows 433 627 Heineken set up notional cash pools in 2006. The structure facilitates interest and balance compensation of cash and bank overdrafts. This notional pooling did not meet the strict set-off rules under IFRS in 2006, and as a result, the cash and bank overdraft balances have been 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 as at 31 December 2006. In 2007 the set-off rules under IFRS have been met. Heineken N.V. Annual Report 2007

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2007 | | pagina 102