Overview
Report of the
Executive Board
Report of the
Supervisory Board
Financial statements
Other information
Fair values
The fair values of financial assets and liabilities that differ from the carrying amounts shown in the statement of financial position are as follows:
Carrying amount
2012
Fair value 2012
Carrying amount
2011
Bank loans
(2,002)
(2,002)
(3,986)
(4,017)
Unsecured bond issues
(8,806)
(9,126)
(2,493)
(2,727)
Finance lease liabilities
(38)
(38)
(39)
(39)
Other interest-bearing liabilities
(1,840)
(1,840)
(2,009)
(2,039)
Basis for determining fair values
The significant methods and assumptions used in estimating the fair values of financial instruments reflected in the table above are discussed in note 4.
Fair value hierarchy
IFRS 7 requires disclosure of fair value measurements by level of the following fair value measurement hierarchy:
Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1
Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly
(that is, derived from prices) (level 2)
Inputs for the asset or liability that are not based on observable market data (unobservable inputs) (level 3).
31 December 2012 Level 1 Level 2 Level 3
Available-for-sale investments
193 - 134
116
37
11
204 153 134
Non-current derivative assets
Current derivative assets
Investments held for trading
111
53
164
Non-current derivative liabilities
Current derivative liabilities
Level 1
Level 2
Available-for-sale investments
81
-
183
Non-current derivative assets
-
142
-
Current derivative assets
-
37
-
Investments held for trading
14
-
95 179 183
Non-current derivative liabilities - 177
Current derivative liabilities - 164
341
Heineken N.V. Annual Report 2012
135
