Notes to the Consolidated Financial Statements continued
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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