Notes to the Heineken N.V. Financial Statements - - - - - - - - - - - - - - - Report of the Report of the Contents Overview Executive Board Supervisory Board Financial statements Other information Reporting entity The financial statements of Heineken N.V. (the 'Company') are included in the consolidated financial statements of Heineken N.V. Basis of preparation The Company financial statements have been prepared in accordance with the provisions of Part 9, Book 2, of the Dutch Civil Code. The Company uses the option of Article 362.8 of Part 9, Book 2, of the Dutch Civil Code to prepare the Company financial statements, using the same accounting policies as in the consolidated financial statements. Valuation is based on recognition and measurement reguirements of accounting standards adopted by the EU (i.e. only IFRS that is adopted for use in the EU at the date of authorisation) as explained further in the notes to the consolidated financial statements. The Company presents a condensed income statement, using the facility of Article 402 of Part 9, Book 2, of the Dutch Civil Code. Significant accounting policies Financial fixed assets Participating interests (subsidiaries, joint ventures and associates) are measured on the basis of the eguity method. Shareholders' equity The translation reserve and other legal reserves were previously formed under and are still recognised in accordance with the Dutch Civil Code. Profit of participating interests The share of profit of participating interests consists of the share of the Company in the results of these participating interests. Results on transactions, where the transfer of assets and liabilities between the Company and its participating interests and mutually between participating interests themselves, are not recognised. 38. Investments in participating interests Loans to In millions of EUR Participating interests participating interest Total Balance as at 1 January 2012 11,256 4,977 16,233 Profit of participating interests 3,015 3,015 Dividend payments by participating interests (397) 397 Effect of movements in exchange rates 71 71 Changes in hedging and fair value adjustments 40 40 Actuarial gains/(losses) (438) (438) Acquisition of non-controlling interests without a change in control (212) (212) Investments/(repayments) 3,746 3,746 Other movements* 49 49 Balance as at 31 December 2012 13,384 9,120 22,504 Balance as at 1 January 2013 13,384 9,120 22,504 Profit of participating interests 1,478 1,478 Dividend payments by participating interests (140) 140 Effect of movements in exchange rates (1,180) (1,180) Changes in hedging and fair value adjustments (41) (41) Actuarial gains/(losses) 197 197 Acquisition of non-controlling interests without a change in control (125) (125) Investments/(repayments) 85 (1,311) (1,226) Other movements 4 4 Balance as at 31 December 2013 13,662 7,949 21,611 "Restated for the revised IAS 19. Heineken N.V. Annual Report 2013 130

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2013 | | pagina 131