Financial statements I Notes to the consolidated financial statements continued 24. Income tax on other comprehensive income 2011 2010* In millions of EUR Amount before tax Tax Amount net of tax Amount before tax Tax Amount net of tax Other comprehensive income Foreign currency translation differences for foreign operations (504) 11 (493) 390 - 390 Effective portion of changes in fair value of cash flow hedge (31) 10 (21) 61 (18) 43 Effective portion of cash flow hedges transferred to profit or loss (14) 3 (11) 65 (20) 45 Ineffective portion of cash flow hedges transferred to profit or loss 9 9 Net change in fair value available-for-sale investments 71 - 71 16 (5) 11 Net change in fair value available-for-sale investments transferred to profit or loss (1) (1) (17) (17) Actuarial gains and losses (109) 16 (93) 137 (38) 99 Share of other comprehensive income of associates/joint ventures (5) (5) (29) (29) Total other comprehensive income (593) 40 (553) 632 (81) 551 Comparatives have been adjusted due to the accounting policy change in employee benefits (see note 2e) The difference between the income tax on other comprehensive income and the deferred tax on equity (note 18) in 2011 can be explained by current tax on other comprehensive income. 25. Loans and borrowings This note provides information about the contractual terms of HEINEKEN's interest-bearing loans and borrowings. For more information about HEINEKEN's exposure to interest rate risk and foreign currency risk, see note 32. Non-current liabilities Note 2011 Secured bank loans 37 48 Unsecured bank loans 3,607 3,260 Unsecured bond issues 2,493 2,482 Finance lease liabilities 26 33 47 Other non-current interest-bearing liabilities 1,825 1,895 Non-current interest-bearing liabilities 7,995 7,732 Non-current derivatives 177 291 Non-current non-interest-bearing liabilities 27 55 8,199 8,078 114 Heineken N.V. Annual Report 2011

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2011 | | pagina 116