-
Report of the
Report of the
Contents
Overview
Executive Board
Supervisory Board
Financial
statements
Other
information
Summarised financial information on subsidiaries with material non-controlling interests
On 31 December 2014, Nigerian Breweries Pic. completed the merger with Consolidated Breweries Ltd. HEINEKEN's shareholding in Nigerian
Breweries Pic. increased from 54.10 per cent to 54.29 percent as a result of the merger. The transaction was treated as a common control
transaction in the HEINEKEN consolidated financial statements. Locally, the acguisition is accounted for as a business combination, hence
there are differences between the values below and the statutory financial statements of Nigerian Breweries Pic. The NCI in Nigerian
Breweries Pic. is dispersed without any shareholder having an interest of more than 15 per cent.
Set out below is the summarised financial information for Nigerian Breweries Pic. which has a non-controlling interest material to HEINEKEN.
In millions of EUR 2014 2013
Summarised Balance Sheet
Current
Assets
274
213
Liabilities
(554)
(469)
Total current net assets (280) (256)
Non-current
Assets
943
726
Liabilities
(303)
(184)
Total non-current net assets 640 542
In millions of EUR
2014
2013
Summarised Income Statement
Revenue
1,281
1,302
Profit before income tax
297
303
Income tax
(97)
(95)
Net profit from continuing operations
200
208
Net profit from discontinuing operations
Other comprehensive income/(loss)
1
(18)
Total comprehensive income
201
190
Total comprehensive income attributable to NCI
92
87
Dividend paid to NCI
82
42
In millions of EUR 2014 2013
Summarised Cash Flow
Cash flow from operating activities
405
530
Interest paid
(13)
(25)
Income tax paid
(115)
(81)
Net cash generated from operating activities
277
424
Net cash used in investing activities
(162)
(157)
Net cash used in financing activities
(145)
(268)
Net change in cash and cash equivalents
(30)
(1)
Exchange difference
3
(1)
37. Subsequent events
No subsequent events occurred that are significant to HEINEKEN.
129
Heineken N.V. Annual Report 2014