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

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2011 | | pagina 145