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

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2012 | | pagina 137