(ii) Non-financial assets The carrying amounts of Heineken's non-financial assets, other than inventories (refer accounting policy (j)) and deferred tax assets (refer accounting policy (u)), are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists then the asset's recoverable amount is estimated. For goodwill and intangible assets that are not yet available for use, the recoverable amount is estimated each year at the same time. The recoverable amount of an asset or cash-generating unit is the higher of an asset's fair value less costs to sell and value in use. The recoverable amount of an asset or cash-generating unit is considered the value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a post-tax discount rate that reflects current market assessments of the time value of money and the risks speciflc to the asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the 'cash-generating unit'). For the purpose of impairment testing, goodwill acquired in a business combination, is allocated to each of the acquirer's cash-generating units, or groups of cash-generating units, that is expected to benefit from the s\ nergies of the combination. Each unit or group of units to which the goodwill is allocated represents the lowest level within the entity at which the goodwill is monitored for internal management purposes. Goodwill is monitored on regional, subregional or country level depending on the characteristics of the acquisition, the s\ nergies to be achieved and the level of integration. A impairment loss is recognised if the carrying amount of an asset or its cash-generating unit exceeds its rt coverable amount. A cash-generating unit is the smallest identifiable asset group that generates cash flows tl it largely are independent from other assets and groups. Impairment losses are recognised in the income st iement. Impairment losses recognised in respect of cash-generating units are allocated first to reduce the c rying amount of any goodwill allocated to the units and then to reduce the carrying amounts of the other a sets in the unit (group of units) on a pro rata basis. An impairment loss in respect of goodwill is not reversed. Ii respect of other assets, impairment losses recognised in prior periods are assessed at each reporting date for a y indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a hange in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the e: ant that the asset's carrying amount does not exceed the carrying amount that would have been d termined, net of depreciation or amortisation, if no impairment loss had been recognised. G idwill that forms part of the carrying amount of an investment in an associate and joint venture is not r ognised separately, and therefore is not tested for impairment separately. Instead, the entire amount of the i estment in an associate and joint venture is tested for impairment as a single asset when there is objective e idence that the investment in an associate may be impaired. Annual Report 2009 - Heineken N.V.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2009 | | pagina 86