Notes to the Consolidated Financial Statements continued
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Reportofthe Reportofthe Financial Other
Contents Overview Executive Board Supervisory Board Statements Information
Summarised financial information on subsidiaries with material non-controlling interests
Set out below is the summarised financial information for Nigerian Breweries Pic. which has a non-controlling interest material to HEIN EKEN. The financial
information is based on HEIN EKEN accounting policies and differs from local financial reporting, mainly as a result of the Consolidated Breweries
acguisition in 2014 The NCI on Nigerian Breweries Pic is dispersed, no shareholder has an interest above 13 percent.
In millions of EUR
2015
Summarised Balance Sheet
Current
Assets
266
274
Liabilities
(629)
(554)
Total current net assets
(363)
(280)
Non-current
Assets
1,120
943
Liabilities
(194)
(303)
Total non-current net assets
926
640
In millions of EUR
2015
Summarised Income Statement
Revenue
1,359
1,281
Profit before income tax
262
297
Income tax
(82)
(97)
Net profit from continuing operations
180
200
Net profit from discontinuing operations
Other comprehensive income/(loss)
(45)
Total comprehensive income
135
201
Total comprehensive income attributable to NCI
62
92
Dividend paid to NCI
67
82
In millions of EUR
2015
2014
Summarised Cash Flow
Cash flow from operating activities
432
405
Interest paid
(30)
(13)
Income tax paid
(101)
(115)
Net cash generated from operating activities
301
277
Net cash used in investing activities
(156)
(162)
Net cash used in financing activities
(229)
(145)
Net change in cash and cash equivalents
(84)
(30)
Exchange difference
1
3
37. Subsequent events
Sale of Distribev SP. zo.o
On 1 February 2016, Grupa Zywiec closed the sale of 80 per cent of Distribev Sp. z o.o, Grupa Zywiec's sales and distribution company serving the
traditional trade and horeca market, to Orbico Group.
Acquisition of non-controlling interest Pivovarna Lasko
After conclusion of the mandatory public takeover offer on 15 January 2016 and subsequent acquisitions of stakes from minority interest holders,
HEINEKEN increased its shareholding in Lasko by 441 per cent to 97.5 per cent.
Acquisition of non-controlling interest Desnoes Geddes
After conclusion of the mandatory public takeover offer on 21 January 2016, HEINEKEN increased its shareholding in D&G by 22.4 per cent
to 95.8 percent.
131 Heineken N.V. Annual Report 2015