Recognised in other comprehensive income 2011 Foreign currency translation differences for foreign operations (493) 390 Effective portion of changes in fair value of cash flow hedges (21) 43 Effective portion of cash flow hedges transferred to profit or loss (11) 45 Ineffective portion of cash flow hedges transferred to profit or loss - 9 Net change in fair value of available-for-sale investments 71 11 Net change in fair value available-for-sale investments transferred to profit or loss (1) (17) Actuarial (gains) and losses (93) 99 Share of other comprehensive income of associates/joint ventures (5) (29) (553) 551 Recognised in: Fair value reserve 69 (10) Fledging reserve (42) 97 Translation reserve (482) 358 Other (98) 106 (553) 551 Comparatives have been adjusted due to the accounting policy change in employee benefits (see note 2e) The negative impact of foreign currency translation differences for foreign operations in other comprehensive income is mainly due to the impact of devaluation of the Mexican peso on the net assets and goodwill measured in Mexican peso of total EUR295 million. Remaining impact is related to the depreciation of the Polish zloty, the Chilean peso, Nigerian nairaand Belarusian ruble, partly offset by the revaluation of the US dollar and the British pound. 13. Income tax expense Recognised in profit or loss In millions of EUR 2011 2010* Current tax expense Current year 502 502 Undercover) provided in prior years (26) 52 476 554 Deferred tax expense Origination and reversal of temporary differences 17 (19) Previously unrecognised deductible temporary differences (9) (2) Changes in tax rate 1 3 Utilisation/(benefit) of tax losses recognised (19) (39) Undercover) provided in prior years (1) (94) (11) (151) Total income tax expense in profit or loss 465 403 Heineken N.V. Annual Report 2011 101

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2011 | | pagina 103