Notes to the consolidated financial statements
94 Financial statements
12. Net finance expenses
Recognised in the income statement
In millions of EUR
2007
2006
Interest income on unimpaired held-to-maturity investments
6
10
Interest income on impaired held-to-maturity investments
-
1
Interest income on available-for-sale investments
1
1
Interest income on cash and cash equivalents
60
40
Interest income
67
52
Interest expenses
(168)
(185)
Dividend income on available-for-sale investments
16
13
Net gain on disposal of investments held for trading
1
Net change in fair value of derivatives
Net foreign exchange loss
(4)
(37)
10
(11)
Unwinding discount on provisions
(1)
(2)
Other net finance income
(26)
11
Net finance expenses
(127)
(122)
Recognised directly in equity
In millions of EUR
2007
2006
Foreign currency translation differences for foreign operations
Effective portion of changes in fair value of cash flow hedges
(100)
51
(84)
50
Net change in fair value of cash flow hedges transferred to the income statement
(36)
Net change in fair value of available-for-sale investments
2
48
(83)
14
Recognised in:
Fair value reserve
2
48
Hedging reserve
15
50
Translation reserve
(100)
(84)
(83) 14
Heineken N.V. Annual Report 2007
