18. Deferred tax assets and liabilities Financial Statements Notes to the consolidated financial statements Recognised deferred tax assets and liabilities Deferred tax assets and liabilities are attributable to the following items: Assets Liabilities Net In millions of EUR 2009 2008' 2009 2008" 2009 2008' Property, plant equipment 55 33 (385) (371) (330) (338) Intangible assets 41 43 (310) (324) (269) (281) Investments 15 2 (6) (27) 9 (25) Inventories 17 10 (6) (5) 11 5 Loans and borrowings 1 1 - - 1 1 Employee benefits 92 85 24 32 116 117 Provisions 92 64 - - 92 64 Other items 111 (4) (103) 34 8 30 Tax losses carry-forwards 137 128 - 137 128 Net tax assets/fliabilities) 561 362 (786) (661) (225) (299) The closing balance of deferred tax assets has been adjusted with EUR103 million and deferred tax liabilities with EUR24 million due to the finalisation of the purchase price accounting of the Scottish Newcastle acquisition (see note 6). Tax losses carry-forwards Heineken has losses carry-forwards for an amount of EUR983 million as at 31 December 2009 (2008: EUR 1,157 million), which expire in the following years: In millions of EUR 2009 2008 2009 - 12 2010 2011 11 16 11 16 2012 11 8 2013 2014 After 2014 respectively 2013 but not unlimited Unlimited 18 18 91 818 22 151 937 983 1,157 Recognised as deferred tax assets gross (479) (470) Unrecognised 504 687 114 Annual Report 2009 - Heineken N.V.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2009 | | pagina 110