112 FINANCIAL STATEMENTS HEINEKENN.V. ANNUAL REPORT 20( 8
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
24. Loans and borrowings
This note provides information about the contractual terms of Heineken's interest-bearing loans and
borrowings. For more information about Heineken's exposure to interest rate risk and foreign currency
risk, refer to note 30.
Non-current liabilities
In millions of EUR
2008
2007
Secured bank loans
381
18
Unsecured bank loans
6,444
156
Unsecured bond issues
1,104
1,103
Finance lease liabilities
82
5
Other non-current interest-bearing liabilities
664
Non-current interest-bearing liabilities
8,675
1,282
Non-current non-interest-bearing liabilities
(including derivatives used for hedging)*
409
13
9,084
1,295
*€159 million in 2008 relates to Heineken N.V.
Current interest-bearing liabilities
In millions of EUR Note
2008
2007
Current portion of secured bank loans
139
10
Current portion of unsecured bank loans
351
238
Current portion of unsecured bond issues
18
214
Current portion of finance lease liabilities
13
2
Current portion of other interest-bearing liabilities
6
Total current portion of non-current interest-bearing liabilities
527
464
Deposits from third parties
348
323
Bank overdrafts 21
94
251
969
1,038
Net interest-bearing debt position
In millions of EUR Note
2008
2007
Non-current interest-bearing liabilities
8,675
1,282
Current portion of non-current interest-bearing liabilities
527
464
Deposits from third parties
348
323
9,550
2,069
Bank overdrafts 21
94
251
9,644
2,320
Cash, cash equivalents and current other investments
(712)
(574)
Net interest-bearing debt position
8,932
1,746