Report of the
Report of the
Contents
Overview
Executive Board
Supervisory Board
Financial
statements
Other
information
Guarantees
Less than More than
In millions of EUR Total2014 1 year 1-5years 5years Total 2013
354 152 190 12
Other guarantees 592 222 291 79
Guarantees 946 374 481 91 703
Guarantees to banks for loans relate to loans to customers, which are given to external parties in the ordinary course of business of HEIN EKEN.
HEINEKEN provides guarantees to the banks to cover the risk related to these loans.
35. Related parties
Identification of related parties
HEINEKEN's parent company is Heineken Holding N.V. HEINEKEN's ultimate controlling party is Mrs. de Carvalho-Heineken. Our shareholder
structure is set out in the section 'Shareholder Information'.
In addition, HEINEKEN has related party relationships with its associates and joint ventures (refer to note 15), HEINEKEN pension funds (refer
to note 28), Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), employees (refer to note 25) and with its key management personnel
(the Executive Board and the Supervisory Board).
Key management remuneration
In millions of EUR
2014
2013
Executive Board
15.4
10.0
Supervisory Board
1.0
1.0
Total
16.4
11.0
Executive Board
The remuneration of the members of the Executive Board comprises a fixed component and a variable component. The variable component
is made up of a Short-Term Variable pay (STV) and a Long-Term Variable award (LTV). TheSTV is based on financial and operational measures
(75 per cent) and on individual leadership measures (25 per cent) as set by the Supervisory Board. It is partly paid out in shares that are
blocked for a period of five calendar years. After the five calendar years, HEIN EKEN will match the blocked shares 1:1 which we refer to as the
matching share entitlement. For the LTV award refer to note 29. The separate Remuneration Report is stated on pages 49-57.
As at 31 December 2014, Mr. Jean-Frangoisvan Boxmeer held 117,889 Company shares and Mr. René Hooft Graafland held 58,975 (2013:
Mr. Jean-Frangoisvan Boxmeer 97,829 and Mr. René Hooft Graafland 49,952 shares). Mr. René Hooft Graafland held 3,052 ordinary shares
of Heineken Holding N.V. as at 31 December 2014 (2013: 3,052 ordinary shares).
125
Heineken N.V. Annual Report 2014
