Contractual maturities
The following are the contractual maturities of non-derivative financial liabilities and derivative financial assets and liabilities, including interest
payments and excluding the impact of netting agreements:
2011
Carrying
amount
Contractual
cash flows
Less than
1 year
1 -2 years
2-5 years
More than
5 years
Financial liabilities
Interest-bearing liabilities
9,183
(10,287)
(1.5A3)
(2.86A)
(A ,79 A)
(1,086)
Non-interest-bearing liabilities
27
(20)
7
(16)
(5)
(6)
Trade and other payables, excluding interest,
dividends and derivatives
A,327
(A,327)
(A,327)
Derivative financial (assets) and liabilities
Interest rate swaps used for hedge accounting, net
(12)
9
(A 2)
26
(A2)
67
Forward exchange contracts used for hedge accounting, net
A6
(A3)
(35)
(8)
-
-
Commodity derivatives used for hedge accounting, net
26
(26)
(22)
(A)
-
-
Derivatives not used for hedge accounting, net
102
(97)
(86)
(10)
(1)
-
13,699
(1A,791)
(6,0A8)
(2,876)
(A,8A2)
(1,025)
The total carrying amount and contractual cash flows of derivatives are included in trade and other receivables (note 20) and trade and other
payables (note 31) and non-current non-interest bearing liabilities (note 25).
2010
In millions of EUR
Carrying
amount
Contractual
cash flows
Less than
1 year
1 -2 years
2-5 years
More than
5 years
Financial liabilities
Interest-bearing liabilities
8,726
(10,073)
(1,316)
(830)
(6,087)
(1,8A0)
Non-interest-bearing liabilities
55
(58)
(38)
(7)
(11)
(2)
Trade and other payables, excluding interest,
dividends and derivatives
A,0A9
(A,073)
(A ,073)
Derivative financial (assets) and liabilities
Interest rate swaps used for hedge accounting, net
123
(87)
(25)
(31)
(78)
A7
Forward exchange contracts used for hedge accounting, net
7
(16)
(20)
A
-
-
Commodity derivatives used for hedge accounting, net
7
(7)
(8)
3
(2)
-
Derivatives not used for hedge accounting, net
75
(121)
(77)
(15)
(29)
-
13.0A2
(1A.A35)
(5,557)
(876)
(6,207)
(1,795)
The total carrying amount and contractual cash flows of derivatives are included in trade and other receivables (note 20), other investments (note 17),
trade and other payables (note 31) and non-current non-interest-bearing liabilities (note 25).
Heineken N.V. Annual Report 2011
129