Notes to the Heineken N.V Financial Statements (continued)
-
A.2 Borrowings
-
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
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:
Percentage of ownership
Country of incorporation
2019
2018
Percentage of ownership
Hotel De L'Europe B.V. The Netherlands
100%
100%
Country of incorporation
2019
2018
Hotel De L'Europe Monumenten I B.V. The Netherlands
100%
100%
Heineken Nederlands Beheer B.V
The Netherlands
100%
100%
Hotel De L'Europe Monumenten II B.V. The Netherlands
100%
100%
Heineken Group B.V.
The Netherlands
100%
100%
Heineken Groothandel B.V. The Netherlands
100%
100%
Heineken Brouwerijen B.V.
The Netherlands
100%
100%
Heineken Horeca Services B.V. The Netherlands
100%
100%
Heineken CEE Investments B.V.
The Netherlands
100%
100%
Beerwulf B.V. The Netherlands
100%
100%
Heineken Nederland B.V.
The Netherlands
100%
100%
Heineken Belize B.V. The Netherlands
100%
100%
Heineken International B.V.
The Netherlands
100%
100%
Heineken Netherlands Supply B.V. The Netherlands
100%
Heineken Supply Chain B.V.
The Netherlands
100%
100%
Heineken Global Procurement B.V.
The Netherlands
100%
100%
Accounting policies
Heineken Mexico B.V
The Netherlands
100%
100%
Investments in other entities are measured on the basis of the equity method. The share of profit of these
HIBV Skopje Holdings B.V.
The Netherlands
100%
100%
investments is the Company's share of the investments' results. Results on transfers of assets and liabilities
Heineken Beer Systems B.V.
The Netherlands
100%
100%
between the Company and its participating interests are eliminated.
Amstel Brouwerij BV
The Netherlands
100%
100%
The Company shall eliminate any expected credit losses on intercompany loans or receivables against the
Vrumona B.V.
BV. Beleggingsmaatschappij Limba
The Netherlands
The Netherlands
100%
100%
100%
100%
book value of the intercompany loan or receivable in accordance with Directive 100.107a of the Dutch
Accounting Standards Board.
Brand Bierbrouwerij B.V.
Brasinvest BV
Heineken Asia Pacific B.V
The Netherlands
The Netherlands
The Netherlands
100%
100%
100%
100%
100%
100%
The borrowings of the Company comprise the following:
BV. Handel- en Exploitatie Maatschappij
Schoonhoven
In millions of
2019
2018
The Netherlands
100%
100%
Unsecured bond issues
12,748
13,160
Distilled Trading International B.V.
The Netherlands
100%
100%
Commercial paper
532
Premium Beverages International B.V.
The Netherlands
100%
100%
Total
13,280
13,160
De Brouwketel B.V.
Proseco B.V
The Netherlands
The Netherlands
100%
100%
100%
100%
The interest rate on the outstanding bonds as at 31 December 2019 was 2.5% (2018: 2.6%). As at
31 December 2019, €7.7 billion (2018: €8.3 billion) of the outstanding bonds have a maturity longer
Roeminck Insurance N.V.
The Netherlands
100%
100%
than five years.
Heineken Americas B.V.
The Netherlands
100%
100%
Heineken Export Americas B.V
The Netherlands
100%
100%
Amstel Export Americas BV
The Netherlands
100%
100%
Heineken Brazil B.V
The Netherlands
100%
100%
BV. Panden Exploitatie Maatschappij PEM
The Netherlands
100%
100%
Heineken Exploitatie Maatschappij B.V.
The Netherlands
100%
100%
