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