136 FINANCIAL STATEMENTS
HEINEKEN N.V. ANNUAL REPORT 200E
HEINEKEN N.V. BALANCE SHEET
BEFORE APPROPRIATION OF PROFIT AS AT 31 DECEMBER 2008
In millions of EUR
Note
2008
2007
Fixed assets
Financial fixed assets
Investments in participating interests
36
10,723
6,560
Other investments
17
89
Deferred tax assets
23
Total financial fixed assets
10,835
6,560
Trade and other receivables
26
Cash and cash equivalents
8
1
Total current assets
34
1
Total assets
10,869
6,561
Shareholders' equity
Issued capital
784
784
Translation reserve
(595)
7
Fledging reserve
(122)
44
Fair value reserve
88
99
Other legal reserves
595
571
Reserve for own shares
(40)
(29)
Retained earnings
3,552
3,121
Net profit
209
807
Total shareholders' equity
37
4,471
5,404
Liabilities
Loans and borrowings
38
6,289
1,096
Total non-current liabilities
6,289
1,096
Trade and other payables
99
29
Tax payable
10
32
Total current liabilities
109
61
Total liabilities
6,398
1,157
Total shareholders' equity and liabilities
10,869
6,561
