Financial statements I Notes to the consolidated financial statements continued
14. Property, plant and equipment continued
Financial lease assets
The Group leases P, P E under a number of finance lease agreements. At 31 December 2011 the net carrying amount of leased P,P E
was EUR39 million (2010: EUR95 million). During the year, the Group acquired leased assets of EUR6 million (2010: EUR17 million).
Security to authorities
Certain P, P&Efor EUR137 million (2010: EUR149 million) has been pledged to the authorities in a number of countries as security for the payment
of taxation, particularly excise duties on beers, non-alcoholic beverages and spirits and import duties. This mainly relates to Brazil (see note 34).
Property, plant and equipment under construction
P, P&Eunderconstruction mainly relates to expansion of the brewing capacity in Mexico, the UK, and Nigeria.
Capitalised borrowing costs
During 2011 no borrowing costs have been capitalised (2010: EUR nil).
15. Intangible assets
In millions of EUR
Note
Goodwill
Brands
Customer-
related
intangibles
Contract-
based
intangibles
Software,
research and
development
and other
Total
Cost
Balance as at 1 January 2010
5,713
1,382
351
124
259
7,829
Changes in consolidation
1,748
924
943
86
39
3,740
Purchases/internally developed
-
-
-
-
56
56
Disposals
(1)
(8)
-
-
(16)
(25)
Transfers to assets held for sale
-
-
-
-
3
3
Effect of movements in exchange rates
132
23
(10)
12
3
160
Balance as at 31 December 2010
7,592
2,321
1,284
222
344
11,763
Balance as at 1 January 2011
7,592
2,321
1,284
222
344
11,763
Changes in consolidation
6
287
8
18
38
-
351
Purchased/internally developed
Disposals
Effect of movements in exchange rates
Balance as at 31 December 2011
(70)
7,809
(57)
2,272
(74)
1,228
6
(91)
(13)
162
50
(6)
(10)
378
56
(97)
(224)
11,849
Amortisation and impairment losses
Balance as at 1 January 2010
(280)
(108)
(74)
(50)
(182)
(694)
Changes in consolidation
-
-
-
25
3
28
Amortisation charge for the year
11
-
(54)
(88)
(16)
(34)
(192)
Impairment losses
11
-
(1)
-
(15)
-
(16)
Disposals
1
2
-
-
10
13
Transfers to assets held for sale
-
-
-
-
(2)
(2)
Effect of movements in exchange rates
-
(2)
(1)
(4)
(3)
(10)
Balance as at 31 December 2010
(279)
(163)
(163)
(60)
(208)
(873)
104
Heineken N.V. Annual Report 2011