Notes to the Consolidated Financial Statements continued
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Reportofthe Reportofthe Financial Other
Contents Overview Executive Board Supervisory Board Statements Information
The following table summarises the major classes of consideration transferred and the recognised provisional amounts of assets acguired and liabilities
assumed at the acguisition date.
In millions of EUR
Lasko
South Africa
D&G and GAPL
Cash and cash equivalents
2
16
42
Property, plant and equipment
103
257
114
Intangible assets
180
2
930
Inventories
19
55
33
Other assets
90
186
94
Assets acquired
394
516
1,213
Contingent liabilities
5
Short term liabilities
216
94
74
Long term liabilities
51
191
251
Liabilities assumed
267
285
330
Total net identifiable assets
127
231
883
In millions of EUR
Consideration transferred
120
52
707
Fair value of previously held equity interest in the acquiree
165
356
Non-controlling interests
58
58
344
Net identifiable assets acquired
(127)
(231)
(883)
Goodwill on acquisition (provisional)
51
44
524
Acguisition-related costs of EUR7 million have been recognised in the income statement for the period ended 31 December 2015.
The goodwill in each of the transactions is attributable to earnings beyond the period over which intangible assets are amortised, workforce, expected
synergies and future customers. None of the goodwill amounts recognised are expected to be deductible for tax purposes. The goodwill related to D&G
and GAPLhas been allocated to the group of CGU's Americas (EUR132 million) and Asia Pacific (EUR392 million).
Non-controlling interests are measured based on their proportional interest in the recognised assets and liabilities of the acguired entities.
In accordance with IFRS 3. the amounts recorded for the transactions are provisional and are subject to adjustments during the measurement period if
new information is obtained about facts and circumstances that existed as of the acguisition date and. if known, would have affected the measurement
of the amounts recognised as of that date. The amounts are provisional mainly because of the timing of the acguisitions in the fourth guarter of 2015.
The amount of revenue and profit or loss for the acguired companies after obtaining control amounts to EUR177 million and EUR20 million respectively.
Would the acguisitions have taken place on 1 January 2015, revenue and profit for HEIN EKEN would have been EUR21.179 million and
EUR2.184 million respectively.
Mandatory General Offers ('MGO') were announced for Laskoand D&G non-controlling interest holders on 15 October 2015 and 17 November 2015
respectively. The subscription periods ended 15 January 2015 for Lasko and 21 January 2015 for D&G. Please refer to subseguent events note for further
information on the acguired shares as part of the MGOs.
Disposals
Disposal of EMPAQUE
The disposal of the Mexican packaging business EMPAQUE completed on 18 February 2015 for the value of USD1.225 billion (EUR955 million). A post-tax
EUR379 million book gain on the disposal was recorded in Other Income.
Disposal of Ghana
As part of the transaction with Diageo to acguire their interest in D&G and GAPL, HEINEKEN sold its 20 per cent ownership in Heineken Ghanaian Holdings
B.V. on 7 October 2015. The disposal resulted in a non-cash exceptional gain of EUR7 million recognised in Other income.
89 Heineken N.V. Annual Report 2015
