135
37. Financial fixed assets
In millions of EUR
Loans to
Participating participating
interests interest
Balance as at 1 January 2006
1,598
3,721
5,319
Loans converted into share capital
815
(815)
Profit of participating interests
1,190
1,190
Dividend payments by participating interests
(232)
232
Effect of movements in exchange rates
(52)
(52)
Changes in hedging and fair value adjustments
97
97
Cash receipts
(1)
(1)
Repayments
(393)
(393)
Balance as at 31 December 2006
3,415
2,745
6,160
Balance as at 1 January 2007
3,415
2,745
6,160
Profit of participating interests
840
-
840
Dividend payments by participating interests
(224)
224
-
Effect of movements in exchange rates
(89)
-
(89)
Changes in hedging and fair value adjustments
18
-
18
Cash receipts
(6)
-
(6)
Repayments
-
(363)
(363)
Balance as at 31 December 2007
3,954
2,606
6,560
Heineken N.V. Annual Report 2007