Notes to the Consolidated Financial Statements (continued)
13.4 HEINEKEN entities
Control of HEINEKEN
13.5 Subsequent events
O O Qs
Report of the Executive Board
Report of the Supervisory Board
Financial Statements
Sustainability Review
Heineken N.V. Annual Report 2019
Other Information
Other related party transactions
Associates Joint Ventures FEMSA Total
In millions of
2019
2018
2019
2018
2019
2018
Sales
462
467
1,170
1,235
1,632
1,702
Purchases
290
271
160
144
450
415
Accounts receivables
114
93
208
274
322
367
Accounts payables
and other liabilities
20
40
108
43
128
83
The shares of the Company are traded on Euronext Amsterdam, where the Company is included in the
main AEX Index. Heineken Holding N.V. Amsterdam has an interest of 50.005% in the issued capital of
the Company and consolidates the financial information of the Company.
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 legal entities established in the Netherlands. The list of
the legal entities for which the declaration has been issued is disclosed in the Heineken N.V. stand-alone
financial statements.
Pursuant to the provisions of Section 357 of the Republic of Ireland Companies Act 2014, the Company
irrevocably guarantees, in respect of the financial year from 1 January 2019 up to and including
31 December 2019, the liabilities referred to in Schedule 3 of the Republic of Ireland Companies Act
2014 of the wholly-owned subsidiary companies Heineken Ireland Limited, Heineken Ireland Sales
Limited, The West Cork Bottling Company Limited, Western Beverages Limited, Beamish Crawford
Limited and Nash Beverages Limited.
Significant subsidiaries
Set out below are HEINEKEN's significant subsidiaries at 31 December 2019. The subsidiaries as listed
below are held by the Company and the proportion of ownership interests held equals the proportion of the
voting rights held by HEINEKEN. The disclosed significant subsidiaries represent the largest subsidiaries and
represent an approximate total revenue of €17 billion and total asset value of €29 billion and are structural
contributors to the business.
There were no significant changes to the HEINEKEN structure and ownership interests.
Percentage of ownership
Country of incorporation
2019
2018
Heineken International B.V.
The Netherlands
100.0
100.0
Heineken Brouwerijen B.V.
The Netherlands
100.0
100.0
Heineken Nederland B.V.
The Netherlands
100.0
100.0
Cuauhtémoc Moctezuma Holding, S.A. de C.V.
Mexico
100.0
100.0
Cervejarias Kaiser Brasil S.A.
Brazil
100.0
100.0
Bavaria S.A.
Brazil
100.0
100.0
Heineken France S.A.S.
France
100.0
100.0
Nigerian Breweries Plc.
Nigeria
56.0
56.0
Heineken USA Inc.
United States
100.0
100.0
Heineken UK Ltd
United Kingdom
100.0
100.0
Heineken Espana S.A.
Spain
99.8
99.8
Heineken Italia S.p.A.
Italy
100.0
100.0
Brau Union Österreich AG
Austria
100.0
100.0
Grupa Zywiec S.A.
Poland
65.2
65.2
LLC Heineken Breweries
Russia
100.0
100.0
Heineken Vietnam Brewery Limited Company
Vietnam
60.0
60.0
SCC - Sociedade Central de Cervejas e Bebidas S.A.
Portugal
99.9
99.9
Heineken South Africa (Proprietary) Limited
South Africa
82.4
82.4
No material subsequent events occurred.
