Notes to the consolidated financial statements continued
24. Income tax on other comprehensive income
2012
2011
Amount
before tax
Tax
Amount
net of tax
Amount
before tax
Tax
Amount
net of tax
Other comprehensive income
Foreign currency translation differences for foreign operations
67
(22)
45
(504)
11
(493)
Effective portion of changes in fair value of cash flow hedge
16
(2)
14
(31)
10
(21)
Effective portion of cash flow hedges transferred to profit or loss
57
(16)
41
(14)
3
(11)
Ineffective portion of cash flow hedges transferred to profit or loss
-
-
-
-
-
-
Net change in fair value available-for-sale investments
203
(68)
135
71
-
71
Net change in fair value available-for-sale investments
transferred to profit or loss
(192)
44
(148)
(1)
(1)
Actuarial gains and losses
(562)
123
(439)
(109)
16
(93)
Share of other comprehensive income of associates/joint ventures
(1)
-
(1)
(5)
-
(5)
Total other comprehensive income
(412)
59
(353)
(593)
40
(553)
The difference between the income tax on other comprehensive income and the deferred tax reported in equity (note 18) can be explained by current
tax on other comprehensive income.
25. Loans and borrowings
This note provides information about the contractual terms of HEINEKEN's interest-bearing loans and borrowings. For more information about
HEINEKEN's exposure to interest rate risk and foreign currency risk, see note 32.
Non-current liabilities
In millions of EUR
Note
2012
Secured bank loans
28
37
Unsecured bank loans
1,221
3,607
Unsecured bond issues
8,206
2,493
Finance lease liabilities
26
22
33
Other non-current interest-bearing liabilities
1,828
1,825
Non-current interest-bearing liabilities
11,305
7,995
Non-current derivatives
111
177
Non-current non-interest-bearing liabilities
21
27
11,437
8,199
Current interest-bearing liabilities
In millions of EUR
Note
2012
Current portion of secured bank loans
13
13
Current portion of unsecured bank loans
740
329
Current portion of unsecured bonds issues
600
-
Current portion of finance lease liabilities
26
16
6
Current portion of other non-current interest-bearing liabilities
12
184
Total current portion of non-current interest-bearing liabilities
1,381
532
Deposits from third parties (mainly employee loans)
482
449
1,863
981
Bank overdrafts
21
191
207
2,054
1,188
Heineken N.V. Annual Report 2012
