Notes to the Heineken N.V. Financial Statements
A Company disclosures
A.1 Investments
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O O Qs
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 2019
Other Information
The table below provides an overview of the movements of the investments during the year:
Participating
interests
Loans to
participating
interests
Total
Balance as at 1 January 2019*
17,550
10,264
27,814
Profit of participating interests
2,506
2,506
Dividend payments by participating interests
(878)
878
Effect of movements in exchange rates
310
310
Changes in hedging and fair value adjustments
29
29
Actuarial gains/(losses)
(214)
(214)
Acquisition of non-controlling interests without
a change in control
(126)
(126)
Investments/(repayments)
20
(666)
(646)
Balance as at 31 December 2019
19,197
10,476
29,673
Balance as at 1 January 2018*
15,913
10,536
26,449
Profit of participating interests
2,314
2,314
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)
Balance as at 31 December 2018*
17,550
10,264
27,814
Restated for IAS 37 (refer to note 4 of the consolidated financial statements for further details), IFRS 16 and IFRS 9.
For disclosures of significant direct and indirect participating interests, refer to notes 10.3 and 13.4 of the
consolidated financial statements.
