Notes to the Consolidated Financial Statements continued
Reportofthe Reportofthe Financial Other
Contents Overview Executive Board Supervisory Board Statements Information
20. Trade and other receivables
In millions of EUR Note
2015
Trade receivables
2,169
2,017
Other receivables
625
27
52
2,873
580
Trade receivables due from associates and joint ventures
24
Derivatives
122
32
2,743
A net impairment loss of EUR61 million (2014: EUR19 million) in respect of trade and other receivables was included in expenses for raw materials,
consumables and services.
21Cash and cash equivalents
In millions of EUR Note 2015 2014
Cash and cash equivalents 32
824
668
Bank overdrafts and commercial papers 25
(542)
(595)
Cash and cash equivalents in the statement of cash flows
282
73
HEINEKEN has a global cash pooling programme in place and reports net amounts in the statement of financial position. Cash and bank overdrafts
subject to offset-arrangements under this programme have been netted for EUR1.962 million (2014: EUR1.910 million).
22. Capital and reserves
Share capital
As at 31 December 2015, the issued share capital comprised 576,002,613 ordinary shares (2014:576,002,613). The ordinary shares have a par value of
EUR1.60. All issued shares are fully paid. The share capital as at 31 December 2015 amounted to EUR922 million (2014: EUR922 million).
The Company's authorised capital amounts to EUR2.500 million, consisting of 1,562,500,000 shares.
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the
Company. In respect of the Company's shares that are held by HEINEKEN, rights are suspended.
During 2015, HEINEKEN purchased 5,229,279 shares for a total consideration of EUR365 million following the completion of the divestment of EMPAQUE
in February 2015. These shares have not been cancelled. As announced in theQ3 trading update, the share buy back plan was discontinued in light of the
acguisitions mentioned in note 6.
Share premium
Asat31 December 2015, the share premium amounted to EUR2,701 million (2014: EUR2.701 million).
Translation reserve
The translation reserve comprises foreign currency differences arising from the translation of the financial statements of foreign operations of HEIN EKEN
(excluding amounts attributable to non-controlling interests) as well as value changes of the hedging instruments in the net investment hedges. HEINEKEN
considers this a legal reserve.
Hedging reserve
This reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments where the hedged transaction
has not yet occurred. HEINEKEN considers this a legal reserve.
100 Heineken N.V. Annual Report 2015
