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Report of the Report of the
Contents Overview Executive Board Supervisory Board
Financial
statements
Other information
Tax losses carry forward
HEIN EKEN has tax losses carry forward for an amount of EUR1,906 million as at 31 December 2013 (2012: EUR2,011 million), which
expire in the following years:
In millions of EUR
2013
2012
2013
11
201A
16
17
2015
33
32
2016
28
29
2017
29
27
2018
23
After 2018 respectively 2017 but not unlimited
330
292
Unlimited
1.AA7
1,603
1,906
2,011
Recognised as deferred tax assets gross
(978)
(989)
Unrecognised
928
1,022
The unrecognised losses relate to entities for which it is not probable that taxable profit will be available to offset these losses.
The majority of the unrecognised losses was acguired as part of the beer operations of FEMSA in 2010.
Movement in deferred tax balances during the year
In millions of EUR
Balance
1 January
2012*
Changes in
consolidation
Effect of
movements
in foreign
exchange
Recognised
in income
Recognised
in equity
Transfers
Balance
31 December
2012*
Property, plant equipment
(497)
(66)
(5)
(5A)
2
(620)
Intangible assets
(682)
(923)
6
59
5
(1,535)
Investments
85
(A)
A
37
(2)
2
122
Inventories
11
(18)
1
22
(3)
13
Loans and borrowings
3
(2)
1
2
Employee benefits
250
6
6
12
113
(A)
383
Provisions
151
(9)
3
(3 A)
(3)
108
Other items
8
9
(9)
70
(AO)
9
A7
Tax losses carry forward
237
1
A
6
(10)
238
Net tax assets/(liabilities)
(A3 A)
(1.00A)
8
118
71
(1)
(1.2A2)
*Restated for the revised IAS 19 and finalisation of the purchase price allocation for APB.
In millions of EUR
Balance
1 January
2013
Changes in
consolidation
Effect of
movements
in foreign
exchange
Recognised
in income
Recognised
in equity
Transfers
Balance
31 December
2013
Property, plant equipment
(620)
19
29
30
3
3
(536)
Intangible assets
(1,535)
A3
127
129
2
(1.23A)
Investments
122
(6)
1
2
119
Inventories
13
2
A
19
Loans and borrowings
2
(1)
1
Employee benefits
383
(6)
(6)
(70)
1A
315
Provisions
108
(5)
(1)
(1)
101
Other items
A7
(9)
(AA)
79
6
(20)
59
Tax losses carry forward
238
(10)
(3)
(5)
220
Net tax assets/(liabilities)
(1,242)
50
89
233
(59)
(7)
(936)
Heineken N.V. Annual Report 2013
95
