16. Investments in associates and joint ventures
HEINEKEN has the following (direct and indirect) significant investments in associates and joint ventures:
Country
Ownership
2011
Ownership
2010
Joint ventures
Brau Holding International GmbH Co KgaA
Germany
49.9%
49.9%
Zagorka Brewery A.D.
Bulgaria
49.4%
49.4%
Brewinvest S.A.
Greece
50.0%
50.0%
Pivara Skopje A.D.
FYR Macedonia
48.2%
27.6%
Brasseries du Congo S.A.
Congo
50.0%
50.0%
Asia Pacific Investment Pte. Ltd.
Singapore
50.0%
50.0%
Asia Pacific Breweries Ltd.
Singapore
41.9%
41.9%
Compania Cervecerias Unidas S.A.
Chile
33.1%
33.1%
Tempo Beverages Ltd.
Israel
40.0%
40.0%
Heineken Lion Australia Pty.
Australia
50.0%
50.0%
Sirocco FZCo
Dubai
50.0%
50.0%
Diageo Heineken Namibia B.V.
Namibia
50.0%
50.0%
United Breweries Limited
India
37.5%
37.5%
Millennium Alcobev Private Limited**
India
-
68.8%
DHN Drinks (Pty) Ltd.
South Africa
44.5%
44.5%
Sedibeng Brewery Pty Ltd.*
South Africa
75.0%
75.0%
UB Nizam Breweries Pvt. Ltd**
India
-
50.0%
UB Ajanta Breweries Pvt. Ltd
India
50.0%
50.0%
Associates
Cerveceria Costa Rica S.A.
Costa Rica
25.0%
25.0%
JSC FE Efes Karaganda Brewery***
Kazakhstan
28.0%
28.0%
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 this investment
is not consolidated.
In 2011 these entities ceased to exist, they were merged into United Breweries Limited.
This entity is classified as Held for Sale (see note 7)
Reporting date
The reporting date of the financial statements of all H EINEKEN 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 lune reporting date, and;
(iii) United Breweries Limited and Millennium 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 2011
Heineken N.V. Annual Report 2011
107