Financial statements Notes to the consolidated financial statements
35. Related parties
Other related party transactions
In millions of EUR
as at 31 Decembe'
Sale of products and services
To associates and joint ventures
69 101 1 1
Heineken Holding N.V.
In 2010, an amount of EUR7.4 million (2009: EUR712.129) was paid to Heineken Holding N.V. for management services for the
Heineken Group, the increase in comparison to 2009 was caused by the acquisition of FEMSA and related services performed
by Heineken Holding N.V..
This payment is based on an agreement of 1977 as amended in 2001, providing that Heineken N.V. reimburses Heineken
Holding N.V. for its costs. Best practice provision 111.6.4 of the Dutch Corporate Governance Code of 10 December 2008 has
been observed in this regard.
As consideration for Heineken's acquisition of the beer operations of Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA). FEMSA,
became a major shareholder of Heineken N.V. Therefore, several existing contracts between FEMSA and former FEMSA-owned
companies acquired by Heineken have become related-party contracts. The total revenue amount related to these related-party
relationships amounts to EUR244 million.
On 10 February 2010 and 13 April 2010, Heineken transferred its stakes in PT Multi Bintang Indonesia (MBI) and Grande Brasserie
de Nouvelle-Caledonie S.A. (GBNC) to its joint venture Asia Pacific Breweries (APB). The total consideration was EUR265 million.
Additionally, on 10 February 2010, Heineken acquired from APB, APB Aurangabad and APB Pearl of which 50 per cent of each entity
was subsequently sold to the UBL joint venture partner VJM Group.
36. Heineken entities
Control of Heineken
The shares and options of the Company are traded on Euronext Amsterdam, where the Company is included in the main AEX index
Heineken Holding N.V. Amsterdam has an interest of 50.005 per cent in the issued capital of the Company. The financial statements
of the Company are included in the consolidated financial statements of Heineken Holding N.V.
A declaration of joint and several liability pursuant to the provisions of Section 403, Part 9, Book 2, of the Dutch Civil Code has been
issued with respect to legal entities established in the Netherlands marked with a opposite.
Raw materials, consumables and services
Goods for resale - joint ventures
Other expenses - joint ventures
Other expenses FEMSA