Overview Report of the Executive Board Report of the Supervisory Board Financial statements Other information 34. Contingencies Netherlands On 19 December 2012 the European Court of Justice in Luxembourg confirmed the fine imposed on HEINEKEN for their participation in a cartel on the Dutch market from 1996 to 1999. This judgement is not subject to appeal. The fine was paid in 2007 and was treated as an expense in the 2007 Annual Report. As part of the acquisition of the beer operations of FEMSA, H EINEKEN also inherited existing legal proceedings with labour unions, tax authorities and other parties of its. now wholly-owned, subsidiaries Cervejarias Kaiser and Cervejarias Kaiser Nordeste (jointly, Heineken Brasil). The proceedings have arisen in the ordinary course of business and are common in the current economic and legal environment of Brazil. The proceedings have partly been provided for, see note 30. The contingent amount being claimed against Heineken Brasil resulting from such proceedings as at 31 December 2012 is EUR663 million. Such contingencies were classified by legal counsel as less than probable but more than remote of being settled against Heineken Brasil. However, HEINEKEN believes that the ultimate resolution of such legal proceedings will not have a material adverse effect on its consolidated financial position or result of operations. HEINEKEN does not expect any significant liability to arise from these contingencies. A significant part of the aforementioned contingencies (EUR367 million) are tax related and qualify for indemnification by FEMSA, see note 17. As is customary in Brazil, Heineken Brasil has been requested by the tax authorities to collateralise tax contingencies currently in litigation amounting to EUR292 million by either pledging fixed assets or entering into available lines of credit which cover such contingencies. Guarantees In millions of EUR Guarantees to banks for loans (to third parties) Other guarantees Guarantees Less than More than Total 20121 year1-5 years5 years To La I 2011 300 194 95 11 358 63 5 290 658 257 100 301 711 Guarantees to banks for loans relate to loans to customers, which are given to external parties in the ordinary course of business of HEINEKEN. HEINEKEN provides guarantees to the banks to cover the risk related to these loans. Heineken N.V. Annual Report 2012 137

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2012 | | pagina 139