85 Notes to the Consolidated Financial Statements (continued) Acquisition of Punch Report of the Report of the Financial Sustainability Other Introduction Executive Board Supervisory Board Statements Review Information Heineken N.V. Annual Report 2017 The main cause for the adjustments is that HEINEKEN had a short period to determine the opening balance, the complexity of the business and the high number of existing labour, civil and tax claims acquired. Per 31 December 2017 the provisional accounting period has been closed for all assets and liabilities, except for completion of the assessment on labour, tax and civil claims acquired given the aforementioned reason. The goodwill is attributable to earnings beyond the period over which intangible assets are amortised, workforce, expected synergies and future customers. The goodwill for Brasil Kirin could potentially be tax deductible in the future. On 15 December 2016, HEINEKEN announced that following Vine Acquisitions Limited's announcement of a recommended cash offer for Punch Taverns plc ('Punch'), HEINEKEN through HEINEKEN UK had agreed a back-to-back deal with Vine Acquisitions to acquire Punch Securitisation A ('Punch A'), comprising approximately 1,900 pubs across the UK. The transaction completed on 29 August 2017 as from which date Punch is consolidated within HEINEKEN. HEINEKEN believes that there is compelling strategic rationale for enlarging its existing pub business through the acquisition of Punch A. HEINEKEN considers pubs to be an integral part of British culture and believes that high-quality, well invested pubs run by skilled and motivated operators will continue to prosper. HEINEKEN has paid an aggregate consideration of GBP308 million (€331 million) for all shares in Punch A. This consideration is mainly paid in cash. The following table summarises the consideration transferred and the recognised amounts of assets acquired and liabilities assumed at the acquisition date: In millions of Punch Property, plant and equipment 1,349 Intangible assets 25 Inventories 1 Cash and cash equivalents 47 Other assets 74 Assets acquired 1,496 Short-term liabilities 1,154 Long-term liabilities 11 Liabilities assumed 1,165 Total net identifiable assets 331 In millions of Consideration transferred 331 Net identifiable assets acquired 331 Goodwill on acquisition - HEINEKEN considers the measurement period for the acquisition of Punch to be closed as per 31 December 201 7. Any adjustments afterwards will be recognised in the consolidated income statement. In total €37 million of acquisition-related costs have been recognised for Kirin and Punch in the income statement for the period ended 31 December 201 7. The amount of revenue for the acquisition of Brasil Kirin and Punch after obtaining control amounts to €684 million and €97 million respectively; the amount of profit recognised after obtaining control amounts to €1 7 million and €28 million respectively. Would the acquisitions have taken place on 1 January 201 7, revenue and profit for HEINEKEN would have been €22.4 billion and €2.1 billion respectively.

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