Notes to the Heineken N.V. Financial Statements A Company disclosures A.1 Investments - - - - - - - - - - - - - - - - O Q, Introduction Report of the Executive Board Report of the Supervisory Board Reporting entity The Company financial statements of Heineken N.V. (the 'Company') are included in the consolidated financial statements of Heineken NV Basis of preparation The Company financial statements have been prepared in accordance with the provisions of Part 9, Book 2, of the Dutch Civil Code. The Company uses the option of Article 362.8 of Part 9, Book 2, of the Dutch Civil Code to prepare the Company financial statements, using the same accounting policies as in the consolidated financial statements. Valuation is based on recognition and measurement requirements of IFRS as adopted by the EU as explained in the notes to the consolidated financial statements. Accounting policies Shareholders' equity The translation reserve and other legal reserves were previously formed under, and are still recognised in accordance with, the Dutch Civil Code. Financial Statements Sustainability Review Heineken N.V. Annual Report 2018 Other Information The table below provides an overview of the movements of the investments during the year: Loans to Participating participating In millions of interests interests Total Balance as at 1 January 2018 15,740 10,536 26,276 Profit of participating interests 2,304 2,304 Dividend payments by participating interests (688) 688 Effect of movements in exchange rates (167) (167) Changes in hedging and fair value adjustments (144) (144) Actuarial gains/(losses) 221 221 Acquisition of non-controlling interests without a change in control 26 26 Investments/(repayments) 75 (960) (885) Other movements Balance as at 31 December 2018 17,367 10,264 27,631 Balance as at 1 January 2017 15,674 9,172 24,846 Profit of participating interests 1,749 1,749 Dividend payments by participating interests (616) 616 Effect of movements in exchange rates (1,297) (1,297) Changes in hedging and fair value adjustments 176 176 Actuarial gains/(losses) 66 66 Acquisition of non-controlling interests without a change in control (50) (50) Investments/(repayments) 42 748 790 Other movements (4) (4) Balance as at 31 December 2017 15,740 10,536 26,276 For disclosures of significant direct and indirect participating interests, refer to notes 10.3 and 13.4 to the consolidated financial statements. A declaration of joint and several liability pursuant to the provisions of Section 403, Part 9, Book 2, of the Dutch Civil Code has been issued with respect to the following legal entities established in the Netherlands:

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2018 | | pagina 116