102 FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CO* HNUED
HEINEKEN N.V. ANNUAL REPORT 2C08
14. Property, plant and equipment
Land and
Plant and
Other fixed
Under
In millions of EUR
Note buildings
equipment
assets construction
Total
Cost
Balance as at 1 January 2007
2,337
4,368
2,962
356
10,023
Changes in consolidation
39
28
12
2
81
Purchases
49
164
302
489
1,004
Transfer of completed projects under construction
108
233
68
(409)
Transfer to/from assets classified as held for sale
11
(3)
8
Disposals
(25)
(133)
(331)
1
(488)
Effect of movements in exchange rates
(21)
(42)
(19)
(7)
(89)
Balance as at 31 December 2007
2,498
4,615
2,994
432
10,539
Balance as at 1 January 2008
2,498
4,615
2,994
432
10,539
Changes in consolidation
6 887
333
326
86
1,632
Purchases
117
218
357
410
1,102
Transfer of completed projects under construction
74
250
101
(425)
-
Transfer to/from assets classified as held for sale
-
13
-
(11)
2
Disposals
(61)
(117)
(219)
-
(397)
Effect of movements in exchange rates
(134)
(143)
(100)
(35)
(412)
Balance as at 31 December 2008
3,381
5,169
3,459
457
12,466
Depreciation and impairment losses
Balance as at 1 January 2007 (1,184) (2,560) (2,030) - (5,774)
Changes in consolidation
7
21
1
29
Depreciation charge for the year
11
(65)
(223)
(327)
(615)
Impairment losses
11
(1)
(13)
(4)
(18)
Reversal impairment losses
11
3
12
9
24
Transfer to/from assets classified as held for sale
(4)
2
(2)
Disposals
12
112
304
428
Effect of movements in exchange rates
11
30
21
62
Balance as at 31 December 2007
(1,221)
(2,619)
(2,026)
(5,866)
Balance as at 1 January 2008 (1,221) (2,619) (2,026) - (5,866)
Changes in consolidation
6
28
49
11
88
Depreciation charge for the year
11
(81)
(277)
(383)
(741)
Impairment losses
11
(55)
(31)
(4)
(90)
Reversal impairment losses
11
2
3
1
6
Transfer to/from assets classified as held for sale
(2)
(2)
-
(4)
Disposals
34
101
199
334
Effect of movements in exchange rates
13
56
52
121
Balance as at 31 December 2008(1,282) (2,720) (2,150)(6,152)
Carrying amount
As at 1 January 2007
1,153
1,808
932
356
4,249
As at 31 December 2007
1,277
1,996
968
432
4,673
As at 1 January 2008
1,277
1,996
968
432
4,673
As at 31 December 2008
2,099
2,449
1,309
457
6,314
