Notes to the Heineken N.V. Financial Statements
A Company disclosures
A.1 Investments
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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:
