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
