Notes to the Heineken N.V.
Financial Statements
Reporting entity
The financial statements of Heineken N.V. (the 'Company') are included in the consolidated statements of Heineken N.V.
Basis of preparation
The Company financial statements have been prepared in accordance with the provisions of Part 9, Book 2, of the Dutch Civil Code. The Company
uses the option of Article 362.8 of Part 9, Book 2, of the Dutch Civil Code to prepare the Company financial statements, using the same accounting
policies as in the consolidated financial statements. Valuation is based on recognition and measurement reguirements of accounting standards
adopted by the EU (i.e., only IFRS that is adopted for use in the EU at the date of authorisation) as explained further in the notes to the consolidated
financial statements.
Significant accounting policies
Financial fixed assets
Participating interests (subsidiaries, joint ventures and associates) are measured on the basis of the eguity method.
Shareholders' equity
The translation reserve and other legal reserves were previously formed under and still recognised in accordance with the Dutch Civil Code.
Profit of participating interests
The share of profit of participating interests consists of the share of the Company in the results of these participating interests. Results on transactions,
where the transfer of assets and liabilities between the Company and its participating interests and mutually between participating interests
themselves, are not recognised.
38. Investments in participating interests
Participating
interests
Loans to
participating
interest
Balance as at 1 January 2010
5,129
6,216
11,345
Policy change
(397)
-
(397)
Restated balance as at 1 January 2010
4,732
6,216
10,948
Profit of participating interests
1,629
-
1,629
Dividend payments by participating interests
(307)
307
-
Effect of movements in exchange rates
350
-
350
Changes in hedging and fair value adjustments
(4)
-
(4)
Actuarial gains/(losses)
99
-
99
Acquisition of non-controlling interests without a change in control
(58)
-
(58)
Investments/(repayments)
3,885
(1,003)
2,882
Balance as at 31 December 2010
10,326
5,520
15,846
Balance as at 1 January 2011
10,326
5,520
15,846
Profit of participating interests
1,613
-
1,613
Dividend payments by participating interests
(216)
216
-
Effect of movements in exchange rates
(475)
-
(475)
Changes in hedging and fair value adjustments
13
-
13
Actuarial gains/(losses)
(93)
-
(93)
Acquisition of non-controlling interests without a change in control
12
-
12
Investments/(repayments)
76
(759)
(683)
Balance as at 31 December 2011
11,256
4,977
16,233
Heineken N.V. Annual Report 2011
143