Nizam Breweries Pvt. Ltd Singapore 50.0%
Heineken has joint control as the contract and ownership details determine that for certain main operating and financial decisions unanimous approval is required. As a result
these investments are not consolidated.
The reporting date of the financial statements of all Heineken entities and joint ventures disclosed are the same as for the Company
except for (I) Asia Pacific Breweries Ltd., Heineken Lion Australia Pty. and Asia Pacific Investment Pte. Ltd which have a 30 September
reporting date (the APB results are included with a three-month delay in reporting), (ii) DHN Drinks (Pty) Ltd. which has a 30 June
reporting date, and (iii) United Breweries Limited and Millenium Alcobev Private Limited which have a 31 March reporting date.
The results of (ii) and (iii) have been adjusted to include numbers for the full financial year ended 31 December 2010.
On 10 February 2010, Heineken acquired APB's existing Indian investments: Asia Pacific Breweries Aurangabad Pte Ltd
('APB Aurangabad'), currently named UB Ajanta Breweries, and Asia Pacific Breweries-Pearl Pte Ltd ('APB Pearl'), currently named
UB Nizam Breweries. The total acquisition price for 100 per cent of the shares amounted to EUR27 million. We deemed these
acquisitions individually to be immaterial in respect of IFRS disclosure requirements. If the acquisitions had occurred on 1 January
2010, management estimates that consolidated results from operating activities and consolidated revenue would not have been
materially different. On 27 October 2010 Heineken sold 50 per cent of its share in these acquired entities to our joint venture
partner VJM Group.
are of profit of associates and joint ventures and impairments thereof
come joint ventures
2010 no impairments were recognised in respect of associates and JVs (2009: EUR nil),
mmary financial information for equity accounted joint ventures
cineken N.V. Annual Report 2010