Notes to the Heineken N.V.
Financial Statements
13,384
1,478
(140)
(1,180)
(41)
197
(125)
85
4
13,662
9,120
140
(1,311)
7,949
22,504
1,478
(1,180)
(41)
197
(125)
(1,226)
4
21,611
-
-
-
-
-
-
-
-
-
131
Report of the
Report of the
Contents
Overview
Executive Board
Supervisory Board
Financial
statements
Other
information
Reporting entity
The financial statements of Heineken N.V. (the 'Company') are included in the consolidated financial statements of Heineken N.V.
Basis of preparation
The Company financial statements have been prepared in accordance with the provisions of Part 9, Book 2, of the Dutch Civil Code.
The Company uses the option of Article 362.8 of Part 9, Book 2, of the Dutch Civil Code to prepare the Company financial statements, usi ng
the same accounting policies as in the consolidated financial statements. Valuation is based on recognition and measurement reguirements
of accounting standards adopted by the EU (i.e. only IFRS that is adopted for use in the EU at the date of authorisation) as explained further
in the notes to the consolidated financial statements. The Company presents a condensed income statement, using the facility of Article ^02
of Part 9, Book 2, of the Dutch Civil Code.
Significant accounting policies
Financial fixed assets
Participating interests (subsidiaries, joint ventures and associates) are measured on the basis of the eguity method.
Shareholders'equity
The translation reserve and other legal reserves were previously formed under, and are still recognised in accordance with, the Dutch
Civil Code.
Profit of participating interests
The share of profit of participating interests consists of the share of the Company in the results of these participating interests. Results
on transactions, where the transfer of assets and liabilities between the Company and its participating interests and mutually between
participating interests, themselves, are not recognised.
38. Investments in participating interests
In millions of EUR
Loans to
Participating participating
interests interests
Total
Balance as at 1 January 2013
Profit of participating interests
Dividend payments by participating interests
Effect of movements in exchange rates
Changes in hedging and fair value adjustments
Actuarial gains/(losses)
Acquisition of non-controlling interests without a change in control
Investments/(repayments)
Other movements
Balance as at 31 December 2013
Balance as at 1 January 2014
13,662
7,949
21,611
Profit of participating interests
2,215
2,215
Dividend payments by participating interests
(494)
494
Effect of movements in exchange rates
627
627
Changes in hedging and fair value adjustments
(99)
(99)
Actuarial gains/(losses)
(352)
(352)
Acquisition of non-controlling interests without a change in control
(181)
(181)
Investments/(repayments)
(176)
(1,027)
(1,203)
Other movements
Balance as at 31 December 2014
15,202
7,416
22,618
Fleineken N.V. Annual Report 2014
