Notes to the consolidated financial statements continued m 18. Deferred tax assets and liabilities continued Movement in deferred tax balances during the year Effect of Balance movements Balance 1 January Changes in in foreign Recognised Recognised 31 December 2011 consolidation exchange in income in equity Transfers Property, plant equipment (464) 20 (10) - (2) (497) Intangible assets (727) (18) 38 25 - - (682) Investments 78 - (7) 14 - - 85 Inventories 27 - - (16) - - 11 Loans and borrowings (1) - 2 2 - - 3 Employee benefits 265 - - (17) 16 - 264 Provisions 134 1 - 13 - 3 151 Other items 26 - (5) (19) 8 (2) 8 Tax losses carry forward 213 7 (2) 19 237 Net tax assets/fliabilities) (449) (51) 46 11 24 (1) (420) Effect of Balance movements Balance 1 January Changes in in foreign Recognised Recognised 31 December In millions of EUR 2012 consolidation exchange in income in equity Transfers 2012 Property, plant equipment (497) (66) (5) (54) - 2 (620) Intangible assets (682) (921) 6 59 - 5 (1,533) Investments 85 (4) 4 37 (2) 2 122 Inventories 11 (18) 1 22 - (3) 13 Loans and borrowings 3 - (2) - - 1 2 Employee benefits 264 6 6 2 123 (4) 397 Provisions 151 (9) 3 (34) - (3) 108 Other items 8 9 (9) 70 (40) 9 47 Tax losses carry forward 237 1 4 6 - (10) 238 Net tax assets/fliabilities) (420) (1,002) 8 108 81 (1) (1,226) 19. Inventories 2012 Raw materials 320 263 Work in progress 176 150 Finished products 407 354 Goods for resale 207 205 Non-returnable packaging 191 143 Other inventories and spare parts 295 237 1,596 1,352 During 2012 and 2011 no write-down of inventories to net realisable value was required. 110 Heineken N.V. Annual Report 2012

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2012 | | pagina 112