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Contents
Overview
Report of the
Executive Board
Report of the
Supervisory Board
Financial
statements
Other
information
7. Assets and liabilities (or disposal groups) classified as held for sale
The assets and liabilities below are classified as held for sale following the commitment of HEINEKEN to a plan to sell these assets and
liabilities and mainly relate to HEINEKEN's packaging business EMPAQUE in Mexico. On 1 September 2014, HEINEKEN announced that
a binding agreement was signed for the sale of EMPAQUE to Crown Holdings Inc. The transaction is expected to close in the first guarter of
2015. Empague is included in reportable segment Elead Office and Other/Eliminations in note 5. Efforts to sell the other assets and liabilities
classified as held for sale have also commenced and are expected to be completed during 2015.
A forward exchange contract was entered into to hedge the expected US dollar proceeds to Euro. Upon rollover of the forward contract in
December 2014, a EUR33 million settlement payment was made. This is presented on the line 'Disposal of subsidiaries, net of cash disposed
of in the consolidated statement of cash flows and included in the hedge reserve until the consideration is received.
Assets and liabilities classified as held for sale
In millions of EUR
2014
2013
Current assets
96
19
Property, plant and equipment
236
18
Intangible assets
332
Other non-current assets
24
Current liabilities
(103)
(10)
Non-current liabilities
(75)
(1)
510 26
8. Other income
In millions of EUR 2014 2013
Gain on sale of property, plant and equipment 41
Gain on sale of subsidiaries, joint ventures and associates 52
93 226
Included in other income is the gain of HEINEKEN's PHEI in Zagorka, amounting to EUR51 million (refer to note 6).
9. Raw materials, consumables and services
In millions of EUR
2014
2013
Raw materials
1,782
1,868
Non-returnable packaging
2,551
2,502
Goods for resale
1,495
1,551
Inventory movements
(15)
2
Marketing and selling expenses
2,447
2,418
Transport expenses
1,050
1,031
Energy and water
548
564
Repair and maintenance
458
482
Other expenses
1,737
1,768
12,053
12,186
Other expenses mainly include rentals of EUR291 million (2013: EUR282 million), consultant expenses of EUR179 million (2013: EUR166 million),
telecom and office automation of EUR199 million (2013: EUR183 million), distribution expenses of EUR122 million (2013: EUR128 million), travel
expenses of EUR143 million (2013: EUR155 million) and other taxes of EUR124 million (2013: EUR129 million).
87
Heineken N.V. Annual Report 2014
