98
Notes to the Consolidated Financial Statements (continued)
20. Trade and other receivables
21. Cash and cash equivalents
22. Capital and reserves
Share capital
Heineken NV.
Report of the
Report of the
Financial
Sustainability
Other
Annual Report 2016
Introduction
Executive Board
Supervisory Board
Statements
Review
Information
In millions of EUR
Note
2016
2015
Trade receivables
2,283
2,169
Other receivables
701
625
Trade receivables due from associates and joint ventures
20
27
Derivatives
48
52
30
3,052
2,873
A net impairment loss of EUR 57 million (2015: EUR 61 million) in respect of trade and other receivables was included in expenses for raw materials,
consumables and services.
In millions of EUR
Note
2016
2015*
Cash and cash equivalents
30
3,035
3,232
Bank overdrafts and commercial papers
25
(1,669)
(2,950)
Cash and cash equivalents in the statement of cash flows
1,366
282
Revised to reflect the change in accounting policy on netting cash and overdraft balances in cash pooling arrangements with legally enforceable rights to offset.
HEINEKEN has cash pooling arrangements with legally enforceable rights to offset cash and overdraft balances. Where there is an intention
to settle on a net basis, cash and overdraft balances relating to the cash pooling arrangements are reported on a net basis in the statement
of financial position.
The following table presents the recognised 'Cash and cash equivalents' and 'Bank overdrafts and commercial papers' and the impact of netting
on the gross amounts. The column 'Net amount' shows the impact on HEINEKEN's balance sheet if all amounts subject to legal offset rights had
been netted.
In millions of EUR
Gross amounts Net amounts
offset in the presented in the Amounts
statement of statement of subject to legal
Gross amounts financial position financial position offset rights
Net amount
Balance as at 31 December 2016
Assets
Cash and cash equivalents
3,097
(62)
3,035
(1,489)
1,546
Liabilities
Bank overdrafts and commercial papers
(1,731)
62
(1,669)
1,489
(180)
Balance as at 31 December 2015
Assets
Cash and cash equivalents 3,677 (445) 3,232 (2,408) 824
Liabilities
Bank overdrafts and commercial papers (3,395) 445 (2,950) 2,408 (542)
As at 31 December 2016, the issued share capital comprised 576,002,613 ordinary shares (2015: 576,002,613). The ordinary shares have a par
value of EUR 1.60. All issued shares are fully paid. The share capital as at 31 December 2016 amounted to EUR 922 million (2015: EUR 922 million).
The Company's authorised capital amounts to EUR 2,500 million, consisting of 1,562,500,000 shares.
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings
of the Company. In respect of the Company's shares that are held by HEINEKEN, rights are suspended.