Notes to the consolidated financial statements continued
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Report of the
Report of the
Financial
Other
Contents
Overview
Executive Board
Supervisory Board
statements
information
14. Property, plant and equipment
Impairment losses
In 2014, a total impairment loss of EUR8 million (2013: EUR23 million) was charged to profit or loss.
Financial lease assets
HEINEKEN leases P, P E under a number of finance lease agreements. At 31 December 2014, the net carrying amount of leased P, P&E
was EUR15 million (2013: EUR9 million). During the year, HEINEKEN acquired leased assets of EUR1 million (2013: EUR13 million).
Security to authorities
Certain P, P E amounting to EUR91 million (2013: EUR122 million) has been pledged to the authorities in a number of countries as security
for the payment of taxes, particularly import and excise duties on beers, non-alcoholic beverages and spirits. This mainly relates to the
Netherlands and Brazil.
Property, plant and equipment under construction
P, P E under construction mainly relates to expansion of the brewing capacity in various countries.
Capitalised borrowing costs
During 2014, borrowing costs amounting to EUR5 million have been capitalised (2013: EUR8 million).
15. Intangible assets
In millions of EUR Note
Goodwill
Brands
Customer-
related
intangibles
Contract-
based
intangibles
Software,
research and
development
and other
Total
Cost
Balance as at 1 January 2013
11,040
4,332
2,304
780
502
18,958
Changes in consolidation
(167)
(153)
(46)
(1)
(9)
(376)
Purchased/internally developed
(7)
84
77
Disposals
(4)
(38)
(42)
Transfers to assets held for sale
(1)
(1)
Effect of movements in exchange rates
(466)
(328)
(148)
(88)
(32)
(1,062)
Balance as at 31 December 2013
10,407
3,851
2,110
680
506
17,554
Balance as at 1 January 2014
10,407
3,851
2,110
680
506
17,554
Changes in consolidation and other transfers
98
15
17
30
(47)
113
Purchased/internally developed
1
56
57
Disposals
(2)
(2)
(4)
Transfers to assets held for sale
(259)
(85)
(344)
Effect of movements in exchange rates
557
208
131
63
1
960
Balance as at 31 December 2014
10,803
4,072
2,174
773
514
18,336
Amortisation and impairment losses
Balance as at 1 January 2013
(297)
(289)
(382)
(23)
(279)
(1,270)
Changes in consolidation
22
27
7
56
Amortisation charge for the year
11
(101)
(176)
(62)
(37)
(376)
Impairment losses
11
(94)
(5)
(17)
(116)
Disposals
4
30
34
Transfers to assets held for sale
1
1
Effect of movements in exchange rates
14
20
10
7
51
Balance as at 31 December 2013
(391)
(359)
(511)
(71)
(288)
(1,620)
92
Heineken N.V. Annual Report 2014
