61-118
tiï O A
Contents
Financial Statements
Introduction Report of the Executive Board Report of the Supervisory Board
Consolidated Income Statement
62
Consolidated Statement of Comprehensive Income
62
Consolidated Statement of Financial Position
63
Consolidated Statement of Cash Flows
64
Consolidated Statement of Changes in Equity
65
Notes to the Consolidated Financial Statements
66
1 Reporting entity
66
2 Basis of preparation
66
3 Significant accounting estimates and judgements
66
4 Changes in accounting policies
67
5 General accounting policies
69
6 Operating activities
71
6.1 Operating segments
71
6.2 Other income
75
6.3 Raw materials, consumables and services
75
6.4 Personnel expenses
75
6.5 Share-based payments
76
6.6 Amortisation, depreciation and impairments
77
6.7 Earnings per share
78
7 Working Capital
78
7.1 Inventories
78
7.2 Trade and other receivables
79
7.3 Trade and other payables
80
7.4 Returnable packaging materials
80
8 Non-current assets
81
8.1 Intangible assets
81
8.2 Property, plant and equipment
84
8.3 Loans and advances to customers
85
8.4 Other non-current assets
86
9 Provisions and contingent liabilities
87
9.1 Post-retirement obligations
87
9.2 Provisions
92
9.3 Contingencies
93
Financial Statements
Sustainability Review
Heineken N.V. Annual Report 2018 L6
Other Information
10 Acquisitions, disposals and investments 94
10.1 Acquisitions and disposals 94
10.2 Assets or disposal groups classified as held for sale 94
10.3 Investments in associates and joint ventures 94
11 Financing and capital structure 95
11.1 Net finance income and expense 95
11.2 Cash and cash equivalents 95
11.3 Borrowings 96
11.4 Capital and reserves 97
11.5 Credit, liquidity and market risk 99
11.6 Derivative financial instruments 103
12 Tax 104
12.1 Income tax expense 104
12.2 Deferred tax assets and liabilities 105
12.3 Income tax on other comprehensive income 107
13 Other 107
13.1 Fair value 107
13.2 Off-balance sheet commitments 109
13.3 Related parties 109
13.4 HEINEKEN entities 111
13.5 Subsequent events 111
Heineken N.V. Income Statement 112
Heineken N.V. Balance Sheet 113
Heineken N.V. Shareholders' equity 114
Notes to the Heineken N.V. Financial Statements 115
A Company disclosures 115
A.1 Investments 115
A.2 Borrowings 116
B Other 117
B.1 Auditor fees 117
B.2 Off-balance sheet commitments 118
B.3 Subsequent events 118
B.4 Other disclosures 118
