141
HEINEKEN N.V. ANNUAL REPORT 2008
38. Loans and borrowings
Non-current liabilities
In millions of EUR Note 2008 200/
Unsecured bank loans
4,655
-
Unsecured bond issues
1,098
1,096
Other
377
Non-current interest-bearing liabilities
6,130
1,096
Non-current non-interest-bearing liabilities
(including derivatives used for hedging)
24
159
6,289
1,096
Non-current liabilities
In millions of EUR
Unsecured
bank loans
Unsecured
bond issues
Other
non-current
interest-
bearing
liabilities
Non-current
non-interest
bearing
liabilities
Total
Balance as at 1 January 2008
-
1,096
-
-
1,096
Proceeds
5,157
2
363
159
5,681
Repayments
(373)
-
-
-
(373)
Effect of movements in exchange rates
(129)
-
14
-
(115)
Balance as at 31 December 2008
4,655
1,098
377
159
6,289
Terms and debt repayment schedule
Terms and conditions of outstanding loans were as follows:
In millions of EUR
Currency
Nominal
interest
rate
Repayment
Face
value
2008
Carrying
amount
2008
Face
value
2007
Carrying
amount
2007
Unsecured bank loans
EUR
3.3
2012
470
470
-
-
Unsecured bank loans
EUR
5.1
2010
860
860
-
Unsecured bank loans
EUR
5.0
2013
2,416
2,403
Unsecured bank loans
EUR
6.0-6.3 2013-2016
418
418
Unsecured bank loans
GBP
2.8
2013
504
504
Unsecured bond issue
EUR
4.4
2010
500
500
500
499
Unsecured bond issue
EUR
5.0
2013
600
598
600
597
Other interest-bearing liabilities
GBP
7.3
2016
26
26
-
-
Other interest-bearing liabilities
GBP
7.2
2018
33
33
-
-
Other interest-bearing liabilities
USD
5.9
2018
280
280
-
-
Other interest-bearing liabilities
USD
6.3
2015
38
38
6,145
6,130
1,100
1,096
For financial risk management and financial instruments please refer to note 30.