101
NotestotheConsolidated Financial Statements (continued)
25. Loans and borrowings
Non-current liabilities
-
Current interest-bearing liabilities
Net interest-bearing debt position
Heineken NV.
Report of the
Report of the
Financial
Sustainability
Other
Annual Report 2016
Introduction
Executive Board
Supervisory Board
Statements
Review
Information
This note provides information about the contractual terms of HEINEKEN's interest-bearing loans and borrowings. For more information about
HEINEKEN's exposure to interest rate risk and foreign currency risk, refer to note 30.
In millions of EUR
Note
2016
2015
Unsecured bond issues
9,432
9,269
Unsecured bank loans
239
126
Secured bank loans
84
38
Other non-current interest-bearing liabilities
1,165
1,193
Non-current interest-bearing liabilities
10,920
10,626
Non-current non-interest-bearing liabilities
24
Non-current derivatives
10
32
Non-current liabilities
10,954
10,658
In millions of EUR
Note
2016
2015*
Current portion of unsecured bonds issued
1,251
400
Current portion of unsecured bank loans
4
354
Current portion of secured bank loans
10
8
Current portion of other non-current interest-bearing liabilities
94
40
Total current portion of non-current interest-bearing liabilities
1,359
802
Deposits from third parties (mainly employee loans)
622
595
1,981
1,397
Bank overdrafts and commercial papers
21
1,669
2,950
Current interest-bearing liabilities
3,650
4,347
Revised to reflect the change in accounting policy on netting cash and overdraft balances in cash pooling arrangements with legally enforceable rights to offset.
For further details regarding the interest-bearing liabilities refer to terms and debt repayment schedule included in this note.
In millions of EUR
Note
2016
2015*
Non-current interest-bearing liabilities
10,920
10,626
Current portion of non-current interest-bearing liabilities
1,359
802
Deposits from third parties (mainly employee deposits)
622
595
12,901
12,023
Bank overdrafts and commercial papers
21
1,669
2,950
Market value of cross-currency interest rate swaps
30
(242)
(215)
14,328
14,758
Cash, cash equivalents and current other investments
17/21
(3,035)
(3,248)
Net interest-bearing debt position
11,293
11,510
Revised to reflect the change in accounting policy on netting cash and overdraft balances in cash pooling arrangements with legally enforceable rights to offset.