-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Contents
Overview
Report of the
Executive Board
Report of the
Supervisory Board
Financial
statements
Other
information
HEINEKEN has a clear focus on ensuring sufficient access to capital markets to finance long-term growth and to refinance maturing debt
obligations. Financing strategies are under continuous evaluation. In addition, HEINEKEN seeks to align the maturity profile of its long-term
debts with its forecasted cash flow generation. Strong cost and cash management and controls over investment proposals are in place to
ensure effective and efficient allocation of financial resources.
Contractual maturities
The following are the contractual maturities of non-derivative financial liabilities and derivative financial assets and liabilities, including
interest payments:
2014
Carrying Contractual Less than More than
In millions of EUR amount cashflows 1 year 1-2 years 2-5 years 5 years
Financial liabilities
Interest-bearing liabilities
(11,757)
(14,202)
(2,831)
(876)
(4,269)
(6,226)
Trade and other payables, excluding interest,
dividends and derivatives
(5,252)
(5,252)
(5,252)
Derivative financial assets and (liabilities)
Interest rate swaps used for hedge
accounting (net)
163
238
96
12
130
Forward exchange contracts used for hedge
accounting (net)
(64)
(66)
(60)
(6)
Commodity derivatives used for hedge
accounting (net)
(11)
(10)
(7)
(3)
Derivatives not used for hedge
accounting (net)
19
19
19
(3)
3
(16,902)
(19,273)
(8,035)
(876)
(4,136)
(6,226)
2013
Carrying
Contractual
Less than
More than
In millions of EUR
amount
cash flows
1 year
1 -2 years
2-5 years
5 years
Financial liabilities
Interest-bearing liabilities
(12,170)
(16,212)
(4,340)
(1,477)
(3,691)
(6,704)
Non-interest-bearing liabilities
(9)
(9)
(2)
(2)
(2)
(3)
Trade and other payables, excluding interest,
dividends and derivatives
(4,752)
(4,752)
(4,752)
Derivative financial assets and (liabilities)
Interest rate swaps used for hedge
accounting (net)
(86)
(32)
(84)
40
12
Forward exchange contracts used for hedge
accounting (net)
35
36
34
2
Commodity derivatives used for hedge
accounting (net)
(26)
(26)
(24)
(2)
Derivatives not used for hedge
accounting (net)
(7)
(7)
(7)
(17,015) (21,002) (9,175) (1,439) (3,681) (6,707)
117
Heineken N.V. Annual Report 2014
