Notes to the Consolidated Financial Statements continued - Reportofthe Reportofthe Financial Other Contents Overview Executive Board Supervisory Board Statements Information 12. Net finance income and expense Recognised in profit or loss In millions of EUR 2015 Interest income 60 48 Interest expenses (412) (457) Dividend income from available-for-sale investments 10 10 Gain/(loss) on disposal of available-for-sale investments 18 Net change in fair value of derivatives 143 173 Net foreign exchange gain/(loss) (179) (205) Unwinding discount on provisions (3) (5) Interest on the net defined benefit obligation (44) (49) Other (2) (3) Other net finance income/(expenses) (57) (79) Net finance income/(expenses) (409) (488) 13. Income tax expense Recognised in profit or loss In millions of EUR 2015 Current tax expense Current year 799 666 Undercover) provided in prior years (3) (9) 796 657 Deferred tax expense Origination and reversal of temporary differences (72) 21 Previously unrecognised deductible temporary differences (3) (5) Changes in tax rate 20 10 Utilisation/(benefit) of tax losses recognised (11) 32 Under/(over) provided in prior years (33) 17 (99) 75 Total income tax expense in profit or loss 697 732 Reconciliation of the effective tax rate In millions of EUR 2015 Profit before income tax 2,838 2,440 Share of net profit of associates and joint ventures and impairments thereof (172) (148) Profit before income tax excluding share of profit of associates and joint ventures (including impairments thereof) 2,666 2,292 92 Heineken N.V. Annual Report 2015

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2015 | | pagina 93