Notes to the Consolidated Financial Statements continued - - - - - - - - - - - - - - - - - - Reportofthe Reportofthe Financial Other Contents Overview Executive Board Supervisory Board Statements Information 14. Property, plant and equipment continued Land and Plant and Other Under In millions of EUR Note buildings equipment fixed assets construction Total Depreciation and impairment losses Balance as at 1 January 2014 (1,789) (3,827) (3,090) (8,706) Changes in consolidation 4 11 3 18 Depreciation charge for the year 11 (154) (415) (511) (1,080) Impairment losses 11 (5) (3) (8) Transfer to/(from) assets classified as held for sale 2 42 (8) 36 Disposals 30 79 210 319 Effect of movements in exchange rates 6 14 (19) Balance as at 31 December 2014 (1,906) (4,099) (3,415) (9,420) Balance as at 1 January 2015 (1,906) (4,099) (3,415) (9,420) Changes in consolidation (35) (51) (61) (147) Depreciation charge for the year 11 (157) (424) (570) (1,151) Impairment losses 11 (18) (36) (17) (71) Transfer to/(from) assets classified as held for sale 14 5 19 Disposals 29 136 332 497 Effect of movements in exchange rates (15) 22 32 39 Balance as at 31 December 2015 (2,088) (4,452) (3,694) (10,234) Carrying amount As at 1 January 2014 3,145 3,078 1,526 705 8,454 As at 31 December 2014 3,083 3,206 1,636 793 8,718 As at 1 January 2015 3,083 3,206 1,636 793 8,718 As at 31 December 2015 3,392 3,658 1,714 788 9,552 Impairment losses In 2015, a total impairment loss of EUR71 million (201 A: EUR8 million) was charged to profit or loss. Due to difficult market circumstances, impairments of property, plant equipment were recorded in Belgium (EUR26 million), Laos (EUR15 million) and Tunisia (EUR33 million). These impairments have been recorded on the line 'Amortisation, depreciation and impairments' in the Income Statement. In determining the recoverable amount of these assets the applied discount rates are 9.4 per cent for Belgium, based on a fair value less cost to sell valuation, and 16.5 per cent for Laos and 12.2 per cent for Tunisia, based on value in use valuations. In the fair value less cost to sell valuation external beer market development and inflation assumptions were used in line with the goodwill impairment testing process. Financial lease assets HEINEKEN leases P, P&Eunderanumberof finance lease agreements. At 31 December 2015, the net carrying amount of leased P, P& E was EUR15 million (2014: EUR15 million). Security to authorities Certain P,P&EamountingtoEUR80million (2014:EUR91 million) has been pledged to the authorities in a number of countries as security for the payment of taxes, particularly import and excise duties on beers, non-alcoholic beverages and spirits. This mainly relates to the Netherlands and Brazil. 94 Heineken N.V. Annual Report 2015

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