112 Notes to the Consolidated Financial Statements (continued) 30. Financial risk management and financial instruments (continued) Exposure to credit risk Impairment losses Heineken NV Report of the Report of the Financial Sustainability Other Annual Report 2016 Introduction Executive Board Supervisory Board Statements Review Information The carrying amount of financial assets and guarantees to banks for loans represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date was: In millions of EUR Note 2016 2015* Cash and cash equivalents 21 3,035 3,232 Trade and other receivables, excluding derivatives 20 3,004 2,821 Current derivatives 20 48 52 Investments held for trading 17 - 16 Available-for-sale investments 17 427 287 Non-current derivatives and investments FVTPL 17 254 210 Loans to customers 17 58 69 Loans to joint ventures and associates 17 18 22 Held-to-maturity investments 17 1 1 Other non-current receivables 17 174 152 Guarantees to banks for loans (to third parties) 32 335 473 7,354 7,335 Revised to reflect the change in accounting policy on netting cash and overdraft balances in cash pooling arrangements with legally enforceable rights to offset. The maximum exposure to credit risk for trade and other receivables (excluding current derivatives) at the reporting date by geographic region was: In millions of EUR 2016 2015 Europe 1,412 1,424 Americas 636 542 Africa, Middle East Eastern Europe 444 449 Asia Pacific 349 308 Head Office and Other/eliminations 163 98 3,004 2,821 The ageing of trade and other receivables (excluding current derivatives) at the reporting date was: In millions of EUR Gross 2016 Impairment 2016 Gross 2015 Impairment 2015 Not past due 2,499 (32) 2,475 (54) Past due 0 - 30 days 238 (8) 207 (13) Past due 31 - 120 days 263 (67) 233 (64) More than 120 days 452 (341) 347 (310) 3,452 (448) 3,262 (441) The movement in the allowance for impairment in as follows: In millions of EUR respect of trade and other receivables (excluding current derivatives) during the year was 2016 2015 Balance as at 1 January 441 404 Changes in consolidation - 7 Impairment loss recognised 106 103 Allowance used (37) (29) Allowance released (49) (42) Effect of movements in exchange rates (13) (2) Balance as at 31 December 448 441

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2016 | | pagina 113