Overview
Report of the
Executive Board
Report of the
Supervisory Board
Financial statements
Other information
Disposals
Disposal of our minority shareholding in Cerveceria Nacional Dominicana S.A.
On 16 April 2012 HEINEKEN sold its 9.3 percent minority shareholding in Cerveceria Nacional Dominicana S.A. ('CND') in the Dominican Republic
for USD237 million, ultimately to AmBev Brasil Bebidas S.A. (AmBev Brasil'), a subsidiary of Companhia de Bebidas das Américas - AmBev.
A pre-tax EUR175 million gain on disposal of the available for sale investment was recorded under other net finance income.
7. Assets and liabilities (or disposal groups) classified as held for sale
Other assets classified as held for sale represent:
Our associate in Efes Kazakhstan. The transaction to sell our stake in Kazakhstan closed on 8 January 2013.
HEINEKEN's share in the Chinese joint venture liangsu Dafuhao Breweries Co. Ltd. resulting from the acquisition of APIPL/APB. The joint venture
was included as available for sale in the opening balance sheet of this acquisition. The sale of our share in liangsu Dafuhao Breweries has been
completed on 9 January 2013.
Assets and liabilities following the commitment of H EINEKEN to sell our wholly-owned subsidiary Pago International GmbH to Eches-Granini
Group. The transaction is expected to close in the first quarter of 2013.
Assets and liabilities classified as held for sale
In millions of EUR20122011
Current assets 38
Non-current assets 86
Current liabilities (36)
Non-current liabilities (3)
8. Other income
In millions of EUR20122011
Net gain on sale of property, plant equipment 22 35
Net gain on sale of intangible assets 2 2k
Net gain on sale of subsidiaries, joint ventures and associates 1,486
1,510 64
Included in other income is the fair value gain of HEINEKEN's previously held equity interest in APB amounting to EUR1.486 million (refer to note 6).
Heineken N.V. Annual Report 2012
99