Notes to the Consolidated
Financial Statements
Report of the Report of the
Contents Overview Executive Board Supervisory Board
Financial
statements
Other information
1. Reporting entity
Heineken N.V. (the 'Company') is a company domiciled in the Netherlands. The address of the Company's registered office is Tweede
Weteringplantsoen 21Amsterdam. The consolidated financial statements of the Company as at and for the year ended 31 December
2013 comprise the Company, its subsidiaries (together referred to as'HEINEKEN' and individually as'HEINEKEN' entities) and
HEINEKEN's interest in jointly controlled entities and associates.
Disclosures on subsidiaries, jointly controlled entities and associates are included in note 36 and 16 respectively.
HEINEKEN is primarily involved in the brewing and selling of beer.
2. Basis of preparation
(a) Statement of compliance
The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS)
as endorsed by the EU and also comply with the financial reporting reguirements included in Part 9 of Book 2 of the Dutch Civil Code.
Substantially all standards and interpretations issued by the International Accounting Standards Board (IASB) and the International
Financial Reporting Interpretations Committee (IFRIC) effective year-end 2013 have been adopted by the EU. It is noted that IFRS
10,11 and 12, which were adopted by the EU with an effective date of 1 January 2014, were adopted by HEINEKEN as at 1 January
2013. Conseguently.the accounting policies applied by the Company also comply fully with IFRS as issued by the IASB.
The consolidated financial statements have been prepared by the Executive Board of the Company and authorised for issue on
11 February 2014 and will be submitted for adoption to the Annual General Meeting of Shareholders on 24 April 2014.
(b) Basis of measurement
The consolidated financial statements have been prepared on the historical cost basis unless otherwise indicated.
The methods used to measure fair values are discussed further in note 3 and 4.
(c) Functional and presentation currency
These consolidated financial statements are presented in Euro, which is the Company's functional currency. All financial information
presented in Euro has been rounded to the nearest million unless stated otherwise.
(d) Use of estimates and judgements
The preparation of consolidated financial statements in conformity with IFRSs reguires management to make judgements, estimates
and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and
expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the
period in which the estimates are revised and in any future periods affected.
In particular, information about assumptions and estimation uncertainties and critical judgements in applying accounting policies
that have the most significant effect on the amounts recognised in the consolidated financial statements are described in the
following notes:
Note 6 Acguisitionsand disposals of subsidiaries and non-controlling interests
Note 15 Intangible assets
Note 16 Investments in associates and joint ventures
Note 17 Other investments and receivables
Note 18 Deferred tax assets and liabilities
Note 28 Employee benefits
Note 30 Provisions
Note 32 Financial risk management and financial instruments
Note 34 Contingencies.
Heineken N.V. Annual Report 2013
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