Financial statements I Notes to the consolidated financial statements continued m 18. Deferred tax assets and liabilities continued Movement in deferred tax on temporary differences during the year Effect of Balance movements Balance 1 January 2010 Policy change Changes in in foreign exchange Recognised Recognised in equity Transfers 31 December 2010 Property, plant equipment (330) - (161) - 28 - (D (464) Intangible assets (269) - (475) 3 17 - (3) (727) Investments 9 - 54 (3) 18 - - 78 Inventories 11 - (4) (1) 20 - 1 27 Loans and borrowings 1 - (1) - (1) - - (1) Employee benefits 116 151 53 (2) (15) (38) - 265 Provisions 92 - 14 (2) 30 - - 134 Other items 8 - 40 (2) 15 (43) 8 26 Tax losses carry-forwards 137 - 33 5 39 - (1) 213 Net tax assets/fliabilities) (225) 151 (447) (2) 151 (81) 4 (449) Effect of Balance movements Balance In millions of EUR 1 January 2011 Changes in consolidation in foreign exchange Recognised in income Recognised in equity Transfers 31 December 2011 Property, plant equipment (A 6 A) 20 (10) - (2) (497) Intangible assets (727) (18) 38 25 - - (682) Investments 78 - (7) 14 - - 85 Inventories 27 - - (16) - - 11 Loans and borrowings (1) - 2 2 - - 3 Employee benefits 265 - - (17) 16 - 264 Provisions 134 1 - 13 - 3 151 Other items 26 - (5) (19) 8 (2) 8 Tax losses carry-forwards 213 7 (2) 19 - - 237 Net tax assets/fliabilities) (449) (51) 46 11 24 (1) (420) 19. Inventories 2011 Raw materials 263 241 Work in progress 150 147 Finished products 354 261 Goods for resale 205 231 Non-returnable packaging 143 120 Other inventories and spare parts 237 206 1,352 1,206 During 2011 and 2010 no write-down of inventories to net realisable value was required. 110 Heineken N.V. Annual Report 2011

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2011 | | pagina 112