71
HEINEKEN N.V. ANNUAL REPORT 2008
2007
In millions of EUR
Note
2008
Restated*
Investing activities
Proceeds from sale of property, plant equipment
and intangible assets
93
70
Purchase of property, plant equipment
14
(1,102)
(1,004)
Purchase of intangible assets
15
(158)
(17)
Loans issued to customers and other investments
(163)
(133)
Repayment on loans to customers
220
218
Cash flow used in operational investing activities
(1,110)
(866)
Free operating cashflow
550
663
Acquisition of subsidiaries and minority interests,
net of cash acquired
6
(3,580)
(241)
Acquisition of associates, joint ventures and other investments
(202)
(58)
Disposal of subsidiaries and minority interests,
r t of cash disposed of
6
68
12
C sposal of associates, joint ventures and other investments
80
28
Cash flow used for acquisitions and disposals
(3,634)
(259)
Cash flow from/(used in) investing activities
(4,744)
(1,125)
F aancing activities
F oceeds from loans and borrowings
24
6,361
67
F payment of loans and borrowings
(2,532)
(252)
f vidends paid
(485)
(417)
1 irchase own shares
22
(11)
(15)
her
(24)
(14)
sh flow from/fused in) financing activities
3,309
(631)
t Cash Flow
225
(227)
ish and cash equivalents as at 1 January
309
541
f feet of movements in exchange rates
70
(5)
sh and cash equivalents as at 31 December
604
309
Refer to change in accounting policies as described in note 3(b).