97
Notes to the Consolidated Financial Statements (continued)
Movement in deferred tax balances during the year
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19. Inventories
Heineken NV.
Report of the
Report of the
Financial
Sustainability
Other
Annual Report 2016
Introduction
Executive Board
Supervisory Board
Statements
Review
Information
Effect of
Balance Changes in movements in
In millions of EUR 1 January 2016 consolidation foreign exchange
Recognised
in income
Recognised
in equity
Transfers
Balance
31 December
2016
Property, plant and equipment
(553)
1
52
22
2
(476)
Intangible assets
(1,429)
(10)
50
40
3
(1,346)
Investments
124
(13)
17
(7)
121
Inventories
26
(1)
1
26
Loans and borrowings
(12)
(4)
(1)
(13)
(30)
Employee benefits
331
(28)
(13)
49
1
340
Provisions
51
(4)
34
(1)
80
Other items
198
(3)
24
20
(10)
4
233
Tax losses carry forward
364
4
13
3
7
391
Net tax assets/(liabilities)
(900)
(8)
89
123
26
9
(661)
In millions of EUR
Balance
1 January 2015
Effect of
Changes in movements in
consolidation foreign exchange
Recognised
in income
Recognised
in equity
Transfers
Balance
31 December 2015
Property, plant and equipment
(527)
(54)
23
6
(1)
(553)
Intangible assets
(1,257)
(261)
(3)
91
1
(1,429)
Investments
123
7
(7)
2
1
(2)
124
Inventories
19
(4)
10
1
26
Loans and borrowings
(9)
(13)
1
6
3
(12)
Employee benefits
365
4
(7)
(33)
2
331
Provisions
92
2
1
(25)
(19)
51
Other items
175
(12)
93
10
1
(69)
198
Tax losses carry forward
177
125
(14)
11
65
364
Net tax assets/(liabilities)
(842)
(197)
84
99
(25)
(19)
(900)
In millions of EUR
2016
2015
Raw materials
247
247
Work in progress
225
223
Finished products
479
479
Goods for resale
168
197
Non-returnable packaging
187
195
Other inventories and spare parts
312
361
1,618
1,702
During 2016 inventories were written down by EUR 19 million to net realisable value (2015: EUR 23 million).