20. Trade and other receivables 2011 Trade receivables due from associates and joint ventures 42 102 Trade receivables 1,657 1,680 Other receivables 524 481 Derivatives 37 10 32 2,260 2,273 A net impairment loss of EUR57 million (2010: EUR115 million) in respect of trade and other receivables was included in expenses for raw materials, consumables and services. 21. Cash and cash equivalents 2011 Cash and cash equivalents 32 813 610 Bank overdrafts 25 (207) (132) Cash and cash equivalents in the statement of cash flows 606 478 22. Capital and reserves Share issuance On 30 April 2010 HEINEKEN issued 86,028,019 ordinary shares with a nominal value of EUR1.60, as a result of which the issued share capital consists of 576,002,613 shares. To these shares a share premium value was assigned of EUR2.701 million based on the guoted market price value of 43,009,699 shares ElEINEKENand 43,018,320 shares Eleineken Holding N.V. combined being the share consideration paid to Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) for its beer operations. Allotted Share Delivery Instrument In addition to the shares issued to FEMSA, HEINEKEN also committed itself to deliver 29,172,504 additional shares to FEMSA (the Allotted Shares') over a period of no longer than five years. This financial instrument is classified to be eguity as the number of shares is fixed. HEINEKEN had the option to accelerate the delivery of the Allotted Shares at its discretion. Pending delivery of the Allotted Shares, HEINEKEN paid a coupon on each undelivered Allotted Share such that FEMSA was compensated, on an after tax basis, for dividends FEMSA would have received had all such Allotted Shares been delivered to FEMSA on or prior to the record date for such dividends. On 3 October 2011HEINEKEN announced that the share repurchase programme in connection with the acguisition of FEMSA had been completed. During the period of 1 January through 31 December 2011 HEINEKENacguired 18,407,246 shares with an average quoted market price of EUR36.67. During the year 2011 all these shares were delivered to FEMSA under the ASDI. Share capital Ordinary shares 2011 On issue as at 1 January 922 784 Issued - 138 On issue as at 31 December 922 922 Heineken N.V. Annual Report 2011 111

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2011 | | pagina 113