Notes to the Heineken N.V.
Financial Statements
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Reportofthe Reportofthe Financial Other
Contents Overview Executive Board Supervisory Board Statements Information
Reporting entity
The Company financial statements of Heineken N.V. (the 'Company') are included in the consolidated financial statements of Heineken N.V.
Basis of preparation
The Company financial statements have been prepared in accordance with the provisions of Part 9, Book 2, of the Dutch Civil Code. The Company uses the
option of Article 362.8 of Part 9. Book 2. of the Dutch Civil Code to prepare the Company financial statements, using the same accounting policies as in the
consolidated financial statements. Valuation is based on recognition and measurement reguirements of accounting standards adopted by the EU (i.e. only
IFRS that is adopted for use in the EU at the date of authorisation) as explained further in the notes to the consolidated financial statements. The
Company presents a condensed income statement, using the facility of Article 402 of Part 9. Book 2. of the Dutch Civil Code.
Significant accounting policies
Financial fixed assets
Participating interests (subsidiaries, joint ventures and associates) are measured on the basis of the eguity method.
Shareholders' equity
The translation reserve and other legal reserves were previously formed under, and are still recognised in accordance with, the Dutch Civil Code.
Profit of participating interests
The share of profit of participating interests consists of the share of the Company in the results of these participating interests. Results on transactions,
where the transfer of assets and liabilities between the Company and its participating interests and mutually between participating interests, themselves.
are not recognised.
38. Investments in participating interests
In millions of EUR
Participating
interests
Loans to
participating
interests
Balance as at 1 January 2014
13,662
7,949
21,611
Profit of participating interests
2,215
2,215
Dividend payments by participating interests
(494)
494
Effect of movements in exchange rates
627
627
Changes in hedging and fair value adjustments
(99)
(99)
Actuarial gains/(losses)
(352)
(352)
Acquisition of non-controlling interests without a change in control
(181)
(181)
Investments/(repayments)
(176)
(1,027)
(1,203)
Other movements -
Balance as at 31 December 2014
15,202
7,416
22,618
Balance as at 1 January 2015
15,202
7,416
22,618
Profit of participating interests
2,392
2,392
Dividend payments by participating interests
(736)
736
Effect of movements in exchange rates
79
79
Changes in hedging and fair value adjustments
70
70
Actuarial gains/(losses)
100
100
Acquisition of non-controlling interests without a change in control
4
4
Investments/(repayments)
45
(786)
(741)
Other movements
Balance as at 31 December 2015
17,156
7,366
24,522
133 Heineken N.V. Annual Report 2015