Overview
Report of the
Executive Board
Report of the
Supervisory Board
Financial statements
Other information
An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its recoverable amount. A CGU is the smallest identifiable asset
group that generates cash flows that largely are independent from other assets and groups. Impairment losses are recognised in profit or loss. Impairment
losses recognised in respect of CGU are allocated first to reduce the carrying amount of any goodwill allocated to the units and then to reduce the
carrying amounts of the other assets in the unit (group of units) on a pro rata basis. An impairment loss in respect of goodwill is not reversed. In respect
of other assets, impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no
longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss
is reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation
or amortisation, if no impairment loss had been recognised.
Goodwill that forms part of the carrying amount of an investment in an associate and joint venture is not recognised separately, and therefore is not
tested for impairment separately. Instead, the entire amount of the investment in an associate and joint venture is tested for impairment as a single
asset when there is objective evidence that the investment in an associate may be impaired.
(j) Non-current assets held for sale
Non-current assets, or disposal groups comprising assets and liabilities, that are expected to be recovered primarily through sale rather than through
continuing use. are classified as held for sale. Immediately before classification as held for sale, the assets, or components of a disposal group, are
measured at the lower of their carrying amount and fair value less cost to sell. Any impairment loss on a disposal group is first allocated to goodwill,
and then to remaining assets and liabilities on a pro rata basis, except that no loss is allocated to inventories, financial assets, deferred tax assets and
employee defined benefit plan assets, which continue to be measured in accordance with HEINEKEN's accounting policies. Impairment losses on initial
classification as held for sale and subsequent gains or losses on remeasurement are recognised in profit or loss. Gains are not recognised in excess of any
cumulative impairment loss.
Intangible assets and P. P E once classified as held for sale are not amortised or depreciated. In addition, equity accounting of equity-accounted
investees ceases once classified as held for sale or distribution.
(k) Employee benefits
(i) Defined contribution plans
A defined contribution plan is a post-employment benefit plan (pension plan) under which the Group pays fixed contributions into a separate entity.
The Group has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the
benefits relating to employee service in the current and prior periods.
Obligations for contributions to defined contribution pension plans are recognised as an employee benefit expense in profit or loss in the periods during
which services are rendered by employees. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in future
payments is available. Contributions to a defined contribution plan that are due more than 12 months after the end of the period in which the employee
renders the service are discounted to their present value.
Heineken N.V. Annual Report 2012
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