Notes to the consolidated financial statements
108 Financial statements
24. Loans and borrowings
Net interest-bearing debt position
In millions of EUR 2007 2006
Non-current interest-bearing liabilities
1,501
2,059
Current portion of non-current interest-bearing liabilities
548
184
Deposits from third parties and other current interest-bearing liabilities
325
310
2,374
2,553
Bank overdrafts
282
747
2,656
3,300
Cash, cash equivalents and investments held for trading
(730)
(1,386)
Net interest-bearing debt position
1,926
1,914
Terms and debt repayment schedule
Terms and conditions of outstanding loans were as follows:
Face
Carrying
Face
Carrying
Nominal
value
amount
value
amount
In millions of EUR
Currency
interest rate
Repayment
2007
2007
2006
2006
Secured bank loans
EUR
various
various
45
45
52
52
Secured bank loans
USD
1.2-6.6
2008-2011
9
9
15
15
Secured bank loans
various
various
various
23
23
25
25
Unsecured bank loans
EUR
various
various
327
327
456
456
Unsecured bank loans
PLN
4.2-4.5
2008
6
6
26
26
Unsecured bank loans
CLP
5.5-8.0
2009-2012
101
101
86
86
Unsecured bank loans
EGP
8.9-11.6
2009-2010
56
56
85
85
Unsecured bank loans
various
various
various
105
105
148
148
Unsecured bond issues
EUR
4.4
2010
500
499
500
499
Unsecured bond issues
EUR
5.0
2013
600
597
600
597
Unsecured bond issues
EUR
5.5
2008
200
200
200
200
Unsecured bond issues
CLP
7.6-8.0
2024-2025
41
41
48
47
Unsecured bond issues
various
various
various
22
22
Deposits from third parties and other
current interest-bearing liabilities
various
various
various
325
325
310
310
Finance lease liabilities
various
various
various
18
18
7
7
2,378
2,374
2,558
2,553
Committed facilities: the Heineken N.V. €2 billion Revolving Credit Facility 2005-2012 was not utilised as
at 31 December 2007 (31 December 2006: not utilised).
25. Finance lease liabilities
Finance lease liabilities are payable as follows:
Future
Present value
Future
Present value
minimum
of minimum
minimum
of minimum
lease
lease
lease
lease
payments
Interest
payments
payments
Interest payments
In millions of EUR
2007
2007
2007
2006
2006 2006
Less than one year
2
-
2
2
2
Between one and five years
6
1
5
4
4
More than five years
12
1
11
1
1
20
2
18
7
7
Heineken N.V. Annual Report 2007
