108 Annual Report 2009 - Heineken N.V. Financial Statements Notes to the consolidated financial statements 14- Property, plant and equipment In millions of EUR Note Land and buildings Plant and equipment Other fixed assets Under construction Total Cost Balance as at 1 January 2008 2,498 4,615 2,994 432 10,539 Changes in consolidation 887 333 326 86 1,632 Purchases 117 218 357 410 1,102 Transfer of completed projects under construction 74 250 101 (425) Transfer to/from assets classified as held for sale 13 - (U) 2 Disposals (61) (117) (219) - (397) Effect of movements in exchange rates (134) (143) (100) (35) (412) Balance as at 31 December 2008 3,381 5,169 3,459 457 12,466 Balance as at 1 January 2009 3,381 5,169 3,459 457 12,466 Changes in consolidation 6 15 91 (9) 3 100 Purchases 45 110 232 291 678 Transfer of completed projects under construction 89 199 78 (366) - Transfer to/from assets classified as held for sale 19 (39) (39) (3) (62) Disposals (94) (122) (204) (68) (488) Effect of movements in exchange rates 5 (71) 1 1 (64) Balance as at 31 December 2009 3,460 5,337 3,518 315 12,630 Depreciation and impairment losses Balance as at 1 January 2008 (1,221) (2,619) (2,026) (5,866) Changes in consolidation 28 49 11 88 Depreciation charge for the year 11 (81) (277) (383) - (741) Impairment losses 11 (55) (31) (4) - (90) Reversal impairment losses 11 2 3 1 6 Transfer to/from assets classified as held for sale (2) (2) - - (4) Disposals 34 101 199 - 334 Effect of movements in exchange rates 13 56 52 121 Balance as at 31 December 2008 (1,282) (2,720) (2,150) - (6,152) Balance as at 1 January 2009 (1,282) (2,720) (2,150) - (6,152) Changes in consolidation 6 2 - 3 - 5 Depreciation charge for the year 11 (117) (286) (365) - (768) Impairment losses 11 (81) (95) (5) - (181) Reversal impairment losses 11 1 16 1 - 18 Transfer to/from assets classified as held for sale 8 22 19 - 49 Disposals 62 169 166 - 397 Effect of movements in exchange rates 2 19 (2) - 19 Balance as at 31 December 2009 (1,405) (2,875) (2,333) - (6,613) Carrying amount As at 1 January 2008 1,277 1,996 968 432 4,673 As at 31 December 2008 2,099 2,449 1,309 457 6,314 As at 1 January 2009 2,099 2,449 1,309 457 6,314 As at 31 December 2009 2,055 2,462 1,185 315 6,017 Impairment losses In 2009 a total impairment loss of EUR 181 million (2008: EUR90 million) was charged to the income statement. These impairment losses include EUR67 million of impairments of pubs in the UK. These impairments were triggered by a persisting market decline in the pub market and was determined by making use of market multiples. The remaining impairments mainly relate to restructurings in France, Finland, Ireland, Russia and Romania.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2009 | | pagina 104