20. Trade and other receivables
Trade receivables due from associates and joint ventures
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
Cash and cash equivalents 32
Bank overdrafts 25
Cash and cash equivalents in the statement of cash flows
22. Capital and reserves
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.
On issue as at 1 January
On issue as at 31 December
Heineken N.V. Annual Report 2011