91
Notes to the Consolidated Financial Statements (continued)
15. Intangible assets
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Brands, customer-related and contract-based intangibles
Impairment tests for cash-generating units containing goodwill
Report of the
Report of the
Financial
Sustainability
Other
Introduction
Executive Board
Supervisory Board
Statements
Review
Information
Heineken N.V. Annual Report 2017
In millions of
Note
Goodwill
Brands
Customer- related
intangibles
Contract-based
intangibles
Software, research
and development
and other
Total
Cost
Balance as at 1 January 2016
11,731
4,577
2,527
1,101
605
20,541
Changes in consolidation and other transfers
25
1
15
19
60
Purchased/internally developed
1
2
12
94
109
Disposals
(2)
(4)
(6)
Effect of movements in exchange rates
(320)
(188)
(99)
(10)
(19)
(636)
Balance as at 31 December 2016
11,436
4,391
2,443
1,122
676
20,068
Balance as at 1 January 2017
11,436
4,391
2,443
1,122
676
20,068
Changes in consolidation and other transfers
919
656
112
86
9
1,782
Purchased/internally developed
3
10
125
138
Transfer (to)/from assets classified as held for sale
(3)
(3)
Disposals
(6)
(1)
(12)
(7)
(26)
Effect of movements in exchange rates
(737)
(357)
(219)
(113)
(21)
(1,447)
Balance as at 31 December 2017
11,612
4,689
2,334
1,095
782
20,512
Amortisation and impairment losses
Balance as at 1 January 2016
(407)
(571)
(808)
(202)
(370)
(2,358)
Changes in consolidation - - - - - -
Amortisation charge forthe year
11
(110)
(147)
(53)
(58)
(368)
Impairment losses
11
(1)
(11)
(12)
Disposals
3
3
Effect of movements in exchange rates
26
58
(9)
16
91
Balance as at 31 December 2016
(407)
(656)
(908)
(264)
(409)
(2,644)
Balance as at 1 January 2017
(407)
(656)
(908)
(264)
(409)
(2,644)
Changes in consolidation
3
4
(20)
(13)
Amortisation charge forthe year
11
(124)
(144)
(52)
(60)
(380)
Impairment losses
11
Reversal impairment losses
11
11
11
Disposals
6
6
Effect of movements in exchange rates
42
79
42
15
178
Balance as at 31 December 2017
(407)
(738)
(959)
(270)
(468)
(2,842)
Carrying amount
As at 1 January 2016
11,324
4,006
1,719
899
235
18,183
As at 31 December 2016
11,029
3,735
1,535
858
267
17,424
As at 1 January 2017
11,029
3,735
1,535
858
267
17,424
As at 31 December 2017
11,205
3,951
1,375
825
314
17,670
The main brands capitalised are the brands acquired in various acquisitions such as Fosters, Strongbow, Lagunitas, Dos Equis, Tiger and Bintang.
The main customer-related and contract-based intangibles relate to customer relationships with retailers in Mexico and Asia Pacific (constituted
either by way of a contractual agreement or by way of non-contractual relations) and reacquired rights.
Forthe purpose of impairment testing, goodwill in respect of Europe, the Americas (excluding Brazil) and Asia Pacific is allocated and monitored on
a regional basis. For Brazil and subsidiaries within Africa, Middle East and Eastern Europe and Head Office, goodwill is allocated and monitored on
an individual country basis. The carrying amounts of goodwill allocated to each (group of) CGU(s) are as follows:
