Report of the Report of the
Overview Executive Board Supervisory Board Other information
Exposure to credit risk
The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date was:
2012
Loans and advances to customers 17
368
384
Indemnification receivable 17
136
156
Other long-term receivables 17
148
178
Held-to-maturity investments 17
4
5
Available-for-sale investments 17
327
264
Non-current derivatives 17
116
142
Investments held for trading 17
11
14
Trade and other receivables, excluding current derivatives 20
2,500
2,223
Current derivatives 20
37
37
Cash and cash equivalents 21
1,037
813
4,684
4,216
The maximum exposure to credit risk for trade and other receivables (excluding derivatives) at the reporting date by geographic region was:
2012
Western Europe
978
1,038
Central and Eastern Europe
502
448
The Americas
225
405
Africa and the Middle East
448
166
Asia Pacific
214
19
Head Office/eliminations
133
147
2,500
2,223
Impairment losses
The ageing of trade and other receivables (excluding derivatives) at the reporting date was:
Gross 2012
Impairment 2012
Not past due
2,052
(49)
1,909
(67)
Past due 0-30 days
323
(14)
233
(17)
Past due 31-120 days
213
(67)
210
(83)
More than 120 days
373
(331)
349
(311)
2,961
(461)
2,701
(478)
Heineken N.V. Annual Report 2012
127