Note 2011
2010*
For the year ended 31 December 2011
Financing activities
Proceeds from loans and borrowings
1,782
1,920
Repayment of loans and borrowings
(1,587)
(3,127)
Dividends paid
(580)
(A83)
Purchase own shares
(687)
(381)
Acquisition of non-controlling interests
(11)
(92)
Disposal of interests without a change in control
A3
-
Other
6
(9)
Cash flow (used in)/from financing activities
(1,03 A)
(2,172)
Net Cash Flow
122
78
Cash and cash equivalents as at 1 January
A78
36A
Effect of movements in exchange rates
6
36
Cash and cash equivalents as at 31 December
21 606
A78
Comparatives have been adjusted due to the accounting policy change in employee benefits (see note 2e)
Heineken N.V. Annual Report 2011
71