Notes to the Heineken N.V.
Financial Statements
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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