109
Notes to the Consolidated Financial Statements (continued)
Personnel expenses
-
-
-
28. Provisions
-
-
-
-
-
Restructuring
Claims and litigation
Other provisions
Heineken NV.
Report of the
Report of the
Financial
Sustainability
Other
Annual Report 2016
Introduction
Executive Board
Supervisory Board
Statements
Review
Information
Under the extraordinary share plans for senior management 24,550 shares were granted and 7,850 (gross) shares vested. These extraordinary
grants only have a service condition and vest between one and five years. The expenses relating to these additional grants are recognised in profit
or loss during the vesting period. Expenses recognised in 2016 are EUR 1.3 million (2015: EUR 1.0 million).
Matching shares, extraordinary shares and retention share awards granted to the Executive Board and are disclosed in note 33.
In millions of EUR Note 2016 2015
Share rights granted in 2012
1
Share rights granted in 2013
12
Share rights granted in 2014
16
10
Share rights granted in 2015
12
10
Share rights granted in 2016
14
Total expense recognised in personnel expenses 10 42 33
In millions of EUR
Restructuring
Onerous
contracts
Claims and
litigation
Other
Total
Balance as at 1 January 2016
132
54
122
166
474
Changes in consolidation
4
4
Provisions made during the year
38
23
34
66
161
Provisions used during the year
(63)
(8)
(1)
(7)
(79)
Provisions reversed during the year
(7)
(13)
(26)
(53)
(99)
Effect of movements in exchange rates
(1)
(6)
18
(15)
(4)
Unwinding of discounts
2
(3)
(1)
Balance as at 31 December 2016
99
50
149
158
456
Non-current
41
38
129
94
302
Current
58
12
20
64
154
The provision for restructuring of EUR 99 million mainly relates to restructuring programmes in Spain and the Netherlands.
The provision for claims and litigation of EUR 149 million mainly relates to the litigation inherited from the acquisition of the beer operations
of FEMSA in 2010 (refer to note 32).
Included are, among others, surety and guarantees provided of EUR 35 million (2015: EUR 39 million) and provisions for other taxes
of EUR 56 million (2015: EUR 42 million).