95
Notes to the Consolidated Financial Statements (continued)
16. Investments in associates and joint ventures
Summarised financial information for equity accounted joint ventures and associates
-
-
-
17. Other investments and receivables
-
Sensitivity analysis - equity price risk
Heineken NV.
Report of the
Report of the
Financial
Sustainability
Other
Annual Report 2016
Introduction
Executive Board
Supervisory Board
Statements
Review
Information
HEINEKEN has interests in a number of individually insignificant joint ventures and associates.
The following table includes, in aggregate, the carrying amount and HEINEKEN's share of profit and OCI of joint ventures and associates:
Joint ventures Associates
In millions of EUR
2016
2015
2016
2015
Carrying amount of interests
2,022
1,852
144
133
Share of:
Profit or loss from continuing operations
124
151
26
21
Other comprehensive income
7
124 158 26 21
In millions of EUR
Note
2016
2015
Non-current other investments and receivables
Available-for-sale investments
30
427
287
Non-current derivatives
30
254
210
Loans to customers
30
58
69
Loans to joint ventures and associates
30
18
22
Long-term prepayments
145
115
Held-to-maturity investments
30
1
1
Other receivables
30
174
152
1,077
856
Current other investments
Investments held for trading
30
16
- 16
Effective interest rates on loans to customers range from 0 - 16.0%.
The other receivables mainly originate from the acquisition of the beer operations of FEMSA and represent a receivable on the Brazilian authorities
on which interest is calculated in accordance with Brazilian legislation. Collection of this receivable is expected to be beyond a period of five years.
A part of the aforementioned receivable qualifies for indemnification towards FEMSA.
HEINEKEN has interests in several entities where it has less than significant influence. These are classified as available-for-sale investments and
valued based on their share price when publicly listed. For investments that are not listed fair values are established using multiples. Debt securities
(which are interest-bearing) with a carrying amount of EUR 15 million (2015: EUR 15 million) are included in available-for-sale investments.
As at 31 December 2016, an amount of EUR 342 million (2015: EUR 98 million) of available-for-sale investments and investments held for trading is
listed on stock exchanges. An increase or decrease of 1% in the share price at the reporting date would not result in a material impact on HEINEKEN's
financial position.