Notes to the consolidated financial statements continued
14. Property, plant and equipment continued
Financial lease assets
The Group leases P, P E under a number of finance lease agreements. At 31 December 2012 the net carrying amount of leased P,P E
was EUR39 million (2011: EUR39 million). During the year, the Group acquired leased assets of EUR5 million (2011: EUR6 million).
Security to authorities
Certain P, P&Efor EUR142 million (2011: EUR137 million) has been pledged to the authorities in a number of countries as security for the payment
of taxation, particularly excise duties on beers, non-alcoholic beverages and spirits and import duties. This mainly relates to Brazil (see note 34).
Property, plant and equipment under construction
P, P E under construction mainly relates to expansion of the brewing capacity in, Mexico, Nigeria, Democratic Republic of Congo, UK, Vietnam
and Russia.
Capitalised borrowing costs
During 2012 no borrowing costs have been capitalised (2011: EUR nil).
15. Intangible assets
In millions of EUR
Note
Goodwill
Brands
Customer-
related
intangibles
Contract-
based
intangibles
Software,
research and
development
and other
Total
Cost
Balance as at 1 January 2011
7,592
2,321
1,284
222
344
11,763
Changes in consolidation
287
8
18
38
-
351
Purchases/internally developed
-
-
-
6
50
56
Disposals
-
-
-
(91)
(6)
(97)
Effect of movements in exchange rates
(70)
(57)
(74)
(13)
(10)
(224)
Balance as at 31 December 2011
7,809
2,272
1,228
162
378
11,849
Balance as at 1 January 2012
Changes in consolidation
Purchased/internally developed
Disposals
6
7,809
3,280
(11)
2,272
2,069
1,228
1,077
(5)
162
624
7
(4)
378
48
71
11,849
7,098
78
(20)
Transfers to assets held for sale
-
-
-
-
(1)
(1)
Effect of movements in exchange rates
Balance as at 31 December 2012
(1)
11,077
(9)
4,332
4
2,304
(9)
780
6
502
(9)
18,995
Amortisation and impairment losses
Balance as at 1 January 2011
(279)
(163)
(163)
(60)
(208)
(873)
Changes in consolidation
(1)
Amortisation charge for the year
11
-
(59)
(110)
(24)
(36)
(229)
Impairment losses
11
-
(1)
-
-
(2)
(3)
Disposals
-
(1)
-
91
1
91
Effect of movements in exchange rates
-
3
5
(11)
3
-
Balance as at 31 December 2011
(279)
(221)
(268)
(3)
(243)
(1,014)
104
Heineken N.V. Annual Report 2012
