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