95
Notes to the Consolidated Financial Statements (continued)
20. Trade and other receivables
21. Cash and cash equivalents
22. Capital and reserves
Share capital
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
2017
2016
Trade receivables
2,582
2,283
Other receivables
672
701
Trade receivables due from associates and joint ventures
23
20
Derivatives
219
48
30
3,496
3,052
A net impairment loss of €13 million (2016: €57 million) in respect of trade and other
receivables was included in expenses for raw materials,
consumables and services.
In millions of
Note
2017
2016
Cash and cash equivalents
30
2,442
3,035
Bank overdrafts and commercial papers
25
(1,265)
(1,669)
Cash and cash equivalents in the statement of cash flows
1,177
1,366
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
Gross amounts Net amounts
offset in the presented in the Amounts subject
statement of statement of to legal offset
Gross amounts financial position financial position rights
Net amount
Balance as at 31 December 2017
Assets
Cash and cash equivalents
Liabilities
Bank overdrafts and commercial papers
2,442
2,442
(1,265)
(1,265)
(1,062)
1,062
1,380
(203)
Balance as at 31 December 2016
Assets
Cash and cash equivalents
Liabilities
Bank overdrafts and commercial papers
3,097
(1,731)
(62)
62
3,035
(1,669)
(1,489)
1,489
1,546
(180)
HEINEKEN operates in a number of territories where there is limited availability of foreign currency resulting in restrictions on remittances.
Mainly as a result of these restrictions, €208 million of cash included in cash and cash equivalents is restricted for use by the Company, yet available
for use in the relevant subsidiary's day-to-day operations.
As at 31 December 201 7, the issued share capital comprised 576,002,613 ordinary shares (2016: 576,002,613). The ordinary shares have a par
value of €1.60. All issued shares are fully paid. The share capital as at 31 December 2017 amounted to €922 million (2016: €922 million).
The Company's authorised capital amounts to €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.
