HEINEKEN N.V. ANNUAL REPORT 2008
Entity acquired
Country of
incorporation
Acquisition
date
of
voting rights
as per
balance sheet
OJSC, Rechitsapivo'1
Belarus
ljuly 2008
80.8
Drinks Union a.s.
Czech Republic
ljuly 2008
98.5
United Serbian Breweries EUC LLC
Serbia
12 February 2008
72
Central Europe Beverages B.V.
The Netherlands
22 August 2008
72
Bere Mures S.A.
Romania
8 April 2008
100
S rra Leone Brewery Ltd.
Sierra Leone
23 June 2008
83.1
T. ngo s.a.r.l.
Algeria
14 January 2008
100
Société Nouvelle des Boissons Gazeuses S.A. ('SNBG')
Tunisia
28 February 2008
49
1Excluding treasury shares (will be cancelled in the course of 2009).
The aggregate consideration paid amounts to €548 million.
U lited Serbian Breweries EUC LLC (previously known as Brauerei MB) was acquired at 12 February 2008. On
2 August 2008, Heineken contributed United Serbian Breweries EUC LLC into Central Europe Beverages B.V.,
a ompany previously owned by Efes Breweries International, effectively gaining control over Central Europe
B verages B.V. On 30 October 2008 Heineken sold its 100% subsidiary Dinal (Kazakhstan) to Efes Karaganda
(a company owned by Efes Breweries International). On the same date Heineken purchased a 28 per cent
si are in Efes Karaganda that is further disclosed in note 16.
C 130 June 2008 Heineken sold its investment in Brasserie Saint-Omer.
T e shareholders agreement of SNBG provides Heineken with de facto control. As such SNBG is classified
a a subsidiary.
1 e other acquisitions and disposals had the following effect on Heineken's assets and liabilities on
a quisition date:
Note
Pre-
acquisition Fair
carrying value
amounts adjustments
Total
other
acquisitions
Total
disposals
P tperty, plant equipment
14
243
(48)
195
(35)
ingible assets
15
8
22
30
-
estments in associates and joint ventures
4
-
4
(11)
ner investments
14
(3)
11
(20)
ferred tax assets
18
4
9
13
(6)
1 'entories
28
(1)
27
(46)
1 >de and other receivables, prepayments and accrued income
47
4
51
(26)
1 sh and cash equivalents
20
-
20
(13)
f' lority interests
(46)
10
(36)
1
I ins and borrowings
24
(51)
4
(47)
3
1 iployee benefits
(1)
-
(1)
-
1 ferred tax liabilities
18
(7)
(7)
(14)
7
F ovisions
28
(2)
-
(2)
2
!ik overdrafts
(25)
-
(25)
16
rrent liabilities
(61)
(5)
(66)
63
1 :t identifiable assets and liabilities
175
(15)
160
(65)
odwill on acquisitions
15
388
-
C ;nsideration paid/(received), satisfied in cash
548
(65)
t bank overdrafts acquired/Net bank overdrafts disposed of
5
(3)
:t cash outflow/(inflow)
553
(68)
ie fair values of assets and liabilities of some acquisitions have been determined on a provisional basis, and
ill be completed in 2009.
