Notes to the consolidated financial statements
122 Financial statements
30. Financial risk management and financial instruments
Fair values
The fair values of financial assets and liabilities, together with the carrying amounts shown in the balance
sheet, are as follows:
Carrying
Fair
Carrying
Fair
amount
value
amount
value
In millions of EUR
2007
2007
2006
Fleld-to-maturity investments
218
218
404
404
Available-for-sale investments
234
234
202
202
Advances to customers
219
219
180
180
Investments held for trading
15
15
12
12
Loans and receivables
1,873
1,879
1,779
1,781
Cash and cash equivalents
715
716
1,374
1,374
Interest rate swaps used for hedging:
Assets
4
4
Liabilities
-
-
(16)
(16)
Forward exchange contracts used for hedging:
Assets
90
90
43
43
Liabilities
(36)
(36)
(2)
(2)
Bank loans
(672)
(675)
(893)
(877)
Unsecured bond loans
(1,359)
(1,364)
(1,343)
(1,374)
Finance lease liabilities
(18)
(18)
(7)
(7)
Non-current non-interest-bearing liabilities
(20)
(20)
(32)
(32)
Deposits from third parties and other current liabilities
(325)
(325)
(310)
(310)
Trade and other payables excluding dividend, interest
and derivatives
(2,710)
(2,713)
(2,423)
(2,401)
Bank overdrafts
(282)
(282)
(747)
(747)
(2,058) (2,062) (1,775) (1,766)
Basis for determining fair values
The significant methods and assumptions used in estimating the fair values of financial instruments
reflected in the table above are discussed in note 4.
Heineken N.V. Annual Report 2007