Contents
Financial statements
67 Consolidated Income Statement
68 Consolidated Statement of Comprehensive Income
69 Consolidated Statement of Financial Position
70 Consolidated Statement of Cash Flows
72 Consolidated Statement of Changes in Equity
74 Notes to the Consolidated Financial Statements
74 1. Reporting entity
74 2. Basis of preparation
76 3. Significant accounting policies
92 4. Determination of fair values
93 5. Operating segments
96 6. Acquisitions and disposals of subsidiaries
and non-controlling interests
99 7. Assets (or disposal groups) classified as held for sale
99 8. Other income
99. 9. Raw materials, consumables and services
100 10. Personnel expenses
100 11. Amortisation, depredation and impairments
101 12. Net finance income and expenses
102 13. Income tax expense
103 14. Property, plant and equipment
104 15. Intangible assets
107 16. Investments in associates and joi nt ventures
108 17. Other i nvestments and receivables
109 18. Deferred tax assets and liabilities
110 19. Inventories
111 20. Trade and other receivables
111 21Cash and cash equivalents
111 22. Capital and reserves
113 23. Earnings per share
114 24. Income tax on other comprehensive income
114 25. Loans and borrowings
117 26. Finance lease liabilities
118 27. Non-GAAP measures
119 28. Employee benefits
122 29. Share-based payments - Long-Term Variable Award
124 30. Provisions
124 31. Trade and other payables
125 32. Financial risk management and financial instruments
136 33. Off-balance sheet commitments
137 34. Contingencies
138 35. Related parties
140 36. FIEINEKEN entities
141 37. Subsequent events
142 Heineken N.V. Balance Sheet
142 Heineken N.V. Income Statement
143 Notes to the Heineken N.V.Financial Statements
143 38. Investments in participating interests
144 39. Shareholders'equity
146 40. Loans and borrowings
147 41. Audit fees
148 42. Off-balance sheet commitments
148 43. Subsequent events
148 44. Other disclosures
66
Heineken N.V. Annual Report 2011