77 (ii) Non-financial assets The carrying amounts of Heineken's non-financial assets, other than inventories (refer accounting policy (h) and deferred tax assets (refer accounting policy (s))), 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 CGU is the higher of an asset's fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. 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 'CGU'). For the purpose of impairment testing, goodwill acquired in a business combination, is allocated to each of the acquirer's CGUs, or groups of CGUs, that is expected to benefit from the synergies 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, sub regional or country level depending on the characteristics of the acquisition, the synergies to be achieved and the level of integration. An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its recoverable amount. A CGU is the smallest identifiable asset group that generates cash flows that largely are independent from other assets and groups. Impairment losses are recognised in profit or loss. Impairment losses recognised in respect of CGU are allocated first to reduce the carrying amount of any goodwill allocated to the units and then to reduce the carrying amounts of the other assets in the unit (group of ui ts) on a pro rata basis. An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. A mpairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment lo s is reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been d< ermined, net of depreciation or amortisation, if no impairment loss had been recognised. G odwill that forms part of the carrying amount of an investment in an associate and joint venture is not recognised separately, a d therefore is not tested for impairment separately. Instead, the entire amount of the investment in an associate and joint venture is csted for impairment as a single asset when there is objective evidence that the investment in an associate may be impaired. (j Non-current assets held for sale N n-current assets, or disposal groups comprising assets and liabilities, that are expected to be recovered primarily through sale r her than through continuing use, are classified as held for sale. Immediately before classification as held for sale, the assets, c components of a disposal group, are measured at the lower of their carrying amount and fair value less cost to sell. Any impairment s on a disposal group is first allocated to goodwill, and then to remaining assets and liabilities on a pro rata basis, except that no s is allocated to inventories, financial assets, deferred tax assets and employee benefit assets, which continue to be measured accordance with Fleineken's accounting policies. Impairment losses on initial classification as held for sale and subsequent gains c losses on remeasurement are recognised in profit or loss. Gains are not recognised in excess of any cumulative impairment loss. I angible assets and property, plant and equipment once classified as held for sale are not amortised or depreciated. In addition, uity accounting of equity-accounted investees ceases once classified as held for sale or distribution. 1 meken N.V. Annual Report 2010

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2010 | | pagina 74