Notes to the consolidated
1. Reporting entity
2. Basis of preparation
Heineken N.V. (the 'Company') is a company domiciled in the Netherlands. The address of the Company's
registered office is Tweede Weteringplantsoen 21, Amsterdam. The consolidated financial statements of the
Company as at and for the year ended 31 December 2009 comprise the Company, its subsidiaries (together
referred to as 'Heineken' or the 'Group' and individually as 'Heineken' entities) and Heineken's interests in joint
ventures and associates.
A summary of the main subsidiaries, joint ventures and associates is included in note 36 and 16 respectively.
Heineken is primarily involved in brewing and selling of beer.
(a) Statement of compliance
The consolidated financial statements have been prepared in accordance with International Financial
Reporting Standards (IFRS) as endorsed by the EU and also comply with the financial reporting requirements
eluded in Part 9 of Book 2 of the Dutch Civil Code.
ne Company presents a condensed income statement, using the facility of Article 402 of Part 9, Book 2, of the
Dutch Civil Code.
te consolidated financial statements have been prepared by the Executive Board of the Company and
thorised for issue on 22 February 2010 and will be submitted for adoption to the Annual General Meeting of
tareholders on 22 April 2010.
Basis of measurement
ie consolidated financial statements have been prepared on the historical cost basis except for the following
sets and liabilities that are measured at fair value:
Investments at fair value through profit and loss
Derivative financial instruments
Liabilities for equity-settled share-based payment arrangements
Long-term interest-bearing liabilities on which fair value hedge accounting is applied.
ie methods used to measure fair values are discussed further in note 4.
Functional and presentation currency
ese consolidated financial statements are presented in euro, which is the Company's functional currency.
1 financial information presented in euro has been rounded to the nearest million unless stated otherwise.
Use of estimates and judgements
ie preparation of consolidated financial statements in conformity with IFRS requires management to make
dgements, estimates and assumptions that affect the application of accounting policies and the reported
nounts of assets and liabilities, income and expenses. Actual results may differ from these estimates,
timates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
e recognised in the period in which the estimate is revised and in any future periods affected.
Annual Report 2009 - Heineken N.V.