Notes to the Heineken N.V. Financial Statements
135
Reporting entity
The financial statements of Heineken N.V. (the 'Company') are included in the consolidated statements of Heineken N.V.
Basis of preparation
The Company financial statements have been prepared in accordance with the provisions of Part 9, Book 2, of the Dutch Civil
Code. The Company uses the option of Article 362.8 of Part 9, Book 2, of the Dutch Civil Code to prepare the Company financial
statements, using the same accounting policies as in the consolidated financial statements. Valuation is based on recognition and
measurement requirements of accounting standards adopted by the EU (i.e., only IFRS that is adopted for use in the EU at the date
of authorisation) as explained further in the notes to the consolidated financial statements.
Significant accounting policies
Financial fixed assets
Participating interests (subsidiaries, joint ventures and associates) are measured on the basis of the equity method.
Shareholders' equity
The translation reserve and other legal reserves were previously formed under and still recognised in accordance with the
Dutch Civil Code.
Profit of participating interests
The share of profit of participating interests consists of the share of the Company in the results of these participating interests.
Results on transactions, where the transfer of assets and liabilities between the Company and its participating interests and mutually
between participating interests themselves, are not recognised.
38. Investments in participating interests
Loans to
Participating
participating
In millions of EUR
Balance as at 1 January 2009
4,155
6,568
10,723
Profit of participating interests
1,305
1,305
Dividend payments by participating interests
_(688)
688
Effect of movements in exchange rates
144
144
Changes in hedging and fair value adjustments
62
62
Investments/additions
151
(1,040)
(889)
Balance as at 31 December 2009
5,129
6,216
11,345
Balance as at 1 January 2010
5,129
6,216
11,345
Profit of participating interests
1,618
-
1,618
Dividend payments by participating interests
(307)
307
-
Effect of movements in exchange rates
359
-
359
Changes in hedging and fair value adjustments
(4)
-
(4)
Acquisition of non-controlling interests without a change in control
(58)
-
(58)
lnvestments/(repayments)
3,885
(1,003)
2,882
Balance as at 31 December 2010
10,622
5,520
16,142
Heineken N.V. Annual Report 2010
