Overview
Report of the
Executive Board
Report of the
Supervisory Board
Financial statements
Other information
In millions of EUR
Note
Goodwill
Brands
Customer-
related
intangibles
Contract-
based
intangibles
Software,
research and
development
and other
Total
Balance as at 1 January 2012
(279)
(221)
(268)
(3)
(243)
(1,014)
Changes in consolidation
6
------
Amortisation charge for the year
11
-
(68)
(121)
(11)
(47)
(247)
Impairment losses
11
(7)
-
-
-
-
(7)
Disposals
------
Transfers to assets held for sale
-
-
-
-
1
1
Effect of movements in exchange rates
(11)
-
7
(9)
10
(3)
Balance as at 31 December 2012
(297)
(289)
(382)
(23)
(279)
(1,270)
Carrying amount
Asatl January 2011
7,313
2,158
1,121
162
136
10,890
As at 31 December 2011
7,530
2,051
960
159
135
10,835
As at 1 January 2012
7,530
2,051
960
159
135
10,835
As at 31 December 2012
10,780
4,043
1,922
757
223
17,725
Brands, customer-related and contract-based intangibles
The main brands capitalised are the brands acquired in 2008: Scottish Newcastle (Fosters and Strongbow), 2010: Cervecerfa Cuauhtémoc Moctezuma
(Dos Equis, Tecate and Sol) and 2012: Asia Pacific Breweries (Tiger, Anchor and Bintang). The main customer-related and contract-based intangibles
were acquired in 2010 and 2012 and are related to customer relationships with retailers in Mexico and Asia Pacific (constituting either by way of
a contractual agreement or by way of non-contractual relations) and reacquired rights.
Impairment tests for cash-generating units containing goodwill
For the purpose of impairment testing, goodwill in respect of Western Europe, Central and Eastern Europe (excluding Russia), the Americas (excluding
Brazil) and Asia Pacific is allocated and monitored by management on a regional basis. In respect of less integrated Operating Companies such as
Russia, Brazil, Africa, the Middle East and Head Office and Other, goodwill is allocated and monitored by management on an individual country basis.
The aggregate carrying amounts of goodwill allocated to each CGU are as follows:
2012
Western Europe
3,428
3,396
Central and Eastern Europe (excluding Russia)
1,445
1,394
Russia
106
102
The Americas (excluding Brazil)
1,778
1,743
Brazil
99
111
Africa and the Middle East (aggregated)
507
528
Asia Pacific
2,674
-
Head Office and Other
743
256
10,780
7,530
Throughout the year total goodwill mainly increased due to the acquisition of APIPL/APB, BraNa and net foreign currency differences.
Goodwill is tested for impairments annually. The recoverable amounts of the CGUs are based on value-in-use calculations. Value in use was determined
by discounting the future cash flows generated from the continuing use of the unit using a pre-tax discount rate.
Heineken N.V. Annual Report 2012
105
