17. Other investments
millions of EUR Note 2009 2008
Non-current other investments
Non-current derivatives used for hedge accounting
Current other investments
Investments held for trading
Included in loans are loans to customers with a carrying amount of EUR 150 million as at 31 December 2009
(2008: EUR 190 million). Effective interest rates range from 3 to 11 per cent. EUR 145 million (2008:
EUR 182 million) matures between one and five years and EUR 5 million (2008: EUR 8 million) after five years.
The main available-for sale-investments are Consorcio Cervecero de Nicaragua S.A., Desnoes Geddes Ltd. and
Cervejarias Kaiser Brasil S/A ('Kaiser'). As far as these investments are listed they are measured at their quoted
n arket price. For others the value in use or multiples is used. Debt securities (which are interest-bearing) with
a carrying amount of EUR 21 million (2008: EUR 23 million) are included in available-for-sale investments.
S msitivity analysis - equity price risk
An amount of EUR57 million as at 31 December 2009 (2008: EUR47 million) of available-for-sale investments
and investments held for trading is listed on stock exchanges. A 1 per cent increase in the share price at the
r porting date would have increased equity by EUR1 million (2008: EUR1 million); an equal change in the
opposite direction would have decreased equity by EUR1 million (2008: EUR1 million).
Annual Report 2009 - Heineken N.V.