Notes to the Consolidated Financial Statements continued
Reportofthe Reportofthe Financial Other
Contents Overview Executive Board Supervisory Board Statements Information
As is customary in Brazil, Heineken Brasil has been requested by the tax authorities to collateralise tax contingencies currently in litigation amounting to
EUR416 million by either pledging fixed assets or entering into available lines of credit which cover such contingencies.
Guarantees
In millions of EUR
Total 2015
Less than
1 year
1-5 years
More than
5 years
Guarantees to banks for loans (to third parties)
473
285
178
10
354
Other guarantees
564
224
280
60
592
Guarantees
1,037
509
458
70
946
Guarantees to banks for loans relate to loans to customers, which are given to external parties in the ordinary course of business of HEINEKEN. HEINEKEN
provides guarantees to the banks to cover the risk related to these loans.
35. Related parties
Identification of related parties
HEINEKEN's parent company is Heineken Holding N.V. HEINEKEN's ultimate controlling party is Mrs. de Carvalho-Heineken. Our shareholder structure is set
out in the section 'Shareholder Information'.
In addition, H EIN EKEN has related party relationships with its associates and joint ventures (refer to note 16), H EIN EKEN pension funds (refer to note 28),
Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), employees (refer to note 25) and with its key management personnel (the Executive Board and the
Supervisory Board).
Key management remuneration
In millions of EUR
2015
Executive Board
13.9
15.4
Supervisory Board
0.9
1.0
Total
14.8
16.4
Executive Board
The remuneration of the members of the Executive Board comprises a fixed component and a variable component. The variable component is made
up of a Short-Term Variable pay (STV) and a Long-Term Variable award (LTV). The STV is based on financial and operational measures (75 per cent) and
on individual leadership measures (25 per cent) as set by the Supervisory Board. It is partly paid out in shares that are blocked for a period of five calendar
years. After the five calendar years, H EIN EKEN will match the blocked shares 1:1which is referred to as the matching share entitlement. For the LTV award
we refer to note 29. The separate Remuneration Report is stated on pages 51 - 59.
As at 31 December 2015, Mr. Jean-Franqois van Boxmeer held 179,838 Company shares and Mrs. Laurence Debrouxheld 681 Company shares
(2014: Mr. Jean-Franqois van Boxmeer 117,889).
127 Heineken N.V. Annual Report 2015
