101
The set-off in 2010 was higher compared to 2009 due to the formation of additional tax groups and the effect of the acquisition
ofFEMSA.
Tax losses carry-forwards
Heineken has losses carry-forwards for an amount of EUR1,833 million as per 31 December 2010 (2009: EUR983 million), which expire
in the following years:
20102009
2010
-
11
11
16
8
11
2013
32
18
2014
30
18
2015
32
After 2015 respectively 2014 but not unlimited
314
91
ilimited
1,406
818
1,833
983
f ecognised as deferred tax assets gross
(807)
(479)
Unrecognised
1,026
504
f ovement in deferred tax on temporary differences during the year
Effect of
Balance
movements
Balance
1 January
Changes in
in foreign
Recognised
Recognised
31 December
2009
operty, plant equipment
(338)
(3)
10
(3)
4
(330)
tangible assets
(281)
(1)
(4)
49
(32)
(269)
1 ivestments
(25)
(2)
34
2
9
yentories
5
6
11
i oans and borrowings
1
1
Employee benefits
117
1
3
(4)
(1)
116
i'ovisions
64
(4)
(4)
36
92
(ther items
30
1
(4)
10
(4)
(25)
8
ix losses carry-forwards
128
6
(10)
2t tax assets/jliabilities)
(299)
(6)
5
82
(2)
(5)
(225)
Effect of
Balance
movements
Balance
1 January
Changes in
in foreign
Recognised
Recognised
31 December
2010
consolidation
exchange
in income
in equity
Transfers
2010
operty, plant equipment
(330)
(161)
-
28
-
(1)
(464)
tangible assets
(269)
(475)
3
17
-
(3)
(727)
1 vestments
9
54
(3)
18
-
-
78
ventories
11
(4)
(1)
20
-
1
27
oans and borrowings
1
(1)
-
(1)
-
-
(1)
nployee benefits
116
53
(2)
(15)
-
-
152
ovisions
92
14
(2)
30
-
-
134
ther items
8
40
(2)
15
(43)
8
26
ix losses carry-forwards
137
33
5
39
-
(1)
213
et tax assets/Oiabilities)(225) (447)(2) 151(43)4 (562)
eineken N.V. Annual Report 2010
