Financial statements I Notes to the consolidated financial statements continued 32. Financial risk management and financial instruments :ontinued Available-for-sale investments 70 - 120 Non-current derivative assets - 135 - Current derivative assets - 10 - Investments held for trading 17 - - 87 145 120 Non-current derivative liabilities - 291 - Current derivative liabilities - 66 - 357 In millions of EUR 2011 2010 Available-for-sale investments based on Level 3 Balance as at 1 January 120 162 Fair value adjustments recognised in other comprehensive income 61 (8) Disposals - (26) Transfers 2 (8) Balance as at 31 December 183 120 33. Off-balance sheet commitments Total 2011 Less than 1 year 1-5 years More than 5 years Lease operational lease commitments 503 124 258 121 433 Property, plant equipment ordered 50 45 2 3 49 Raw materials purchase contracts 3,843 1,413 2,134 296 4,503 Other off-balance sheet obligations 2,589 509 1,277 803 1,943 Off-balance sheet obligations 6,985 2,091 3,671 1,223 6,928 Undrawn committed bank facilities 1,274 233 1,041 - 2,188 HEINEKEN leases buildings, cars and eguipment in the ordinary course of business. Raw material contracts include long-term purchase contracts with suppliers in which prices are fixed or will be agreed based upon predefined price formulas. These contracts mainly relate to malt, bottles and cans. During the year ended 31 December 2011 EUR241 million (2010: EUR22A million) was recognised as an expense in profit or loss in respect of operating leases and rent. Other off-balance sheet obligations mainly include distribution, rental, service and sponsorship contracts. Committed bank facilities are credit facilities on which a commitment fee is paid as compensation for the bank's reguirement to reserve capital. For the details of these committed bank facilities see note 25. The bank is legally obliged to provide the facility under the terms and conditions of the agreement. 136 Heineken N.V. Annual Report 2011

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