Overview Report of the Executive Board Report of the Supervisory Board Financial statements Other information 20. Trade and other receivables In millions of EURNote20122011 Trade receivables due from associates and joint ventures 27 42 Trade receivables 1,944 Other receivables 529 Derivatives 37 322,5372,260 A net impairment loss of EUR38 million (2011: EUR57 million) in respect of trade and other receivables was included in expenses for raw materials, consumables and services. 21. Cash and cash equivalents In millions of EUR Note 2012 2011 Cash and cash equivalents 32 1,037 813 Bank overdrafts 25 (191) (207) Cash and cash equivalents in the statement of cash flows 846 606 22. Capital and reserves Share issuance On 30 April 2010 EIEINEKEN issued 86,028,019 ordinary shares with a nominal value of EUR1.60, as a result of which the issued share capital consists of 576,002,613 shares. To these shares a share premium value was assigned of EUR2.701 million based on the quoted market price value of 43,009,699 shares EIEINEKEN and 43,018,320 shares Eleineken EHolding N.V. combined being the share consideration paid to Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) for its beer operations. Allotted Share Delivery Instrument In addition to the shares issued to FEMSA, EIEINEKEN also committed itself to deliver 29,172,504 additional shares to FEMSA (the Allotted Shares') over a period of no longer than five years. This financial instrument was classified as equity as the number of shares was fixed. EIEINEKEN had the option to accelerate the delivery of the Allotted Shares at its discretion. Pending delivery of the Allotted Shares, H EINEKEN paid a coupon on each undelivered Allotted Share such that FEMSA was compensated, on an after tax basis, for dividends FEMSA would have received had all such Allotted Shares been delivered to FEMSA on or prior to the record date for such dividends. On 3 October 2011, EIEINEKEN announced that the share repurchase programme in connection with the acquisition of FEMSA had been completed. During the period of 1 January through 31 December 2011 EIEINEKEN acquired 18,407,246 shares with an average quoted market price of EUR36.67. All shares were delivered in 2011 Share capital On issue as at 1 January Issued On issue as at 31 December 20122011 922 922 922 922 As at 31 December 2012 the issued share capital comprised 576,002,613 ordinary shares (2011576,002,613). The ordinary shares have a par value of EUR1.60. All issued shares are fully paid. Eleineken N.V. Annual Report 2012 111

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2012 | | pagina 113