101
17. Other investments
In millions of EUR
Note
2007
2006
Non-current other investments
Held-to-maturity investments
30
218
404
Available-for-sale investments
30
234
202
452
606
Current other investments
Investments held for trading
30
15
12
Financial assets held for trading
15
12
Derivatives used for hedging
30
90
47
105
59
Included in held-to-maturity investments are loans to customers with a carrying amount of €145 million
as at 31 December 2007 (2006: €180 million). Effective interest rates range from 3 to 10 per cent.
€139 million (2006: €168 million) matures between one and five years and €6 million (2006: €12 million)
after five years.
In 2006, deferred payments in relation to the sale of a brewery site in Seville, Spain, amounting to
€147 million were included in held-to-maturity investments and is included in trade and other receivables
as at 31 December 2007.
Within available-for-sale investments, debt securities (which are interest-bearing) with a carrying amount
of €26 million (2006: €24 million) are included.
J ensitivity analysis - equity price risk
An amount of €76 million as at 31 December 2007 (2006: €84 million) of available-for-sale investments
and investments held for trading is listed on stock exchanges. A 1 per cent increase in the share price at
t ie reporting date would have increased equity by €1 million (2006: €1 million) an equal change in
the opposite direction would have decreased equity by €1 million (2006: €1 million).
Heineken N.V. Annual Report 2007