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Report of the
Report of the
Financial
Other
Contents
Overview
Executive Board
Supervisory Board
statements
information
Summarised financial information for equity accounted joint ventures and associates
The following table includes, in aggregate, the carrying amount and HEINEKEN's share of profit and OCI of joint ventures and associates:
Joint ventures Associates
In millions of EUR
2014
2013
2014
2013
Carrying amount of interests
1,964
1,814
69
69
Share of:
Profit or loss from continuing operations
135
130
13
16
Other comprehensive income
(7)
5
128
135
13
16
17. Other investments and receivables
In millions of EUR
Note
2014
2013
Non-current other investments and receivables
Available-for-sale investments
32
253
247
Non-current derivatives
32
97
67
Loans to customers
32
68
65
Other loans receivable
32
82
50
Long-term prepayments
84
88
Indemnification receivable
32
9
113
Held-to-maturity investments
32
3
4
Other receivables
32
141
128
737
762
Current other investments
Investments held for trading
32
13
11
13
11
Effective interest rates on loans to customers range from 6-12 percent.
The decrease in indemnification receivable primarily relates to the settlement of certain indemnified tax liabilities, originating from the
acquisition of the beer operations of FEMSA.
The other receivables mainly originate from the acquisition of the beer operations of FEMSA and represent a receivable on the Brazilian
authorities on which interest is calculated in accordance with Brazilian legislation. Collection of this receivable is expected to be beyond
a period of five years.
The main available-for-sale investments are S.A. Des Brasseries du Cameroun, Desnoes Geddes Ltd and Sabeco Ltd. As far as these
investments are listed, they are measured at their quoted market price. For others, multiples are used. Debt securities (which are interest-
bearing) with a carrying amount of EUR14 million (2013: EUR14 million) are included in available-for-sale investments.
Sensitivity analysis - equity price risk
As at 31 December 2014, an amount of EUR99 million (2013: EUR120 million) of available-for-sale investments and investments held for
trading is listed on stock exchanges. An increase or decrease of 1 percent in the share price at the reporting date would not result in a material
impact on HEINEKEN's financial position.
95
Heineken N.V. Annual Report 2014