122 Notes to the Consolidated Financial Statements (continued) 33. Related parties (continued) Supervisory Board - - Other related party transactions Raw materials, consumables and services - - Heineken Holding N.V. FEMSA Heineken NV. Report of the Report of the Financial Sustainability Other Annual Report 2016 Introduction Executive Board Supervisory Board Statements Review Information The individual members of the Supervisory Board received the following remuneration: In thousands of EUR 2016 2015 G.J. Wijers 163 160 J.A. Fernandez Carbajal 109 105 M. Das 88 85 M.R. de Carvalho 96 104 A.M. Fentener van Vlissingen 91 85 M.E. Minnick1 28 80 V.C.O.B.J. Navarre 74 70 J.G. Astaburuaga Sanjinés 99 96 H. Scheffers 83 80 J.M. Huët 88 75 P. Mars-Wright2 49 Y. Brunini2 44 1,012 940 1 Stepped down as at 21 April 2016. 2 Appointed as at 21 April 2016. Mr. Michel de Carvalho held 100,008 shares of Heineken N.V. as at 31 December 2016 (2015: 100,008 shares). As at 31 December 2016 and 2015, the Supervisory Board members did not hold any of the Company's bonds or option rights. Mr. Michel de Carvalho held 100,008 ordinary shares of Heineken Holding N.V. as at 31 December 2016 (2015: 100,008 ordinary shares). Transaction value Balance outstanding as at 31 December In millions of EUR 2016 2015* 2016 2015* Sale of products, services and royalties To associates and joint ventures 441 286 95 54 To FEMSA 797 817 170 137 1,238 1,103 265 191 Goods for resale - joint ventures 5 2 Other expenses - joint ventures 370 356 37 24 Other expenses FEMSA 151 197 70 59 526 555 107 83 Revised. In 2016, an amount of EUR 1,159,905 (2015: EUR 1,047,479) was paid to Heineken Holding N.V. for management services for HEINEKEN. This payment is based on an agreement of 1977 as amended in 2001, providing that Heineken N.V. reimburses Heineken Holding N.V. for its costs. Best practice provision III.6.4 of the Dutch Corporate Governance Code of 10 December 2008 has been observed in this regard. As consideration for HEINEKEN's acquisition of the beer operations of Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), FEMSA became a major shareholder of Heineken N.V. Therefore, several existing contracts between FEMSA and former FEMSA-owned companies acquired by HEINEKEN have become related party contracts.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2016 | | pagina 123