Notes to the Heineken N.V Financial Statements (continued)
-
-
-
B Other
B.1 Auditor fees
-
-
-
O O Qs
Introduction Report of the Executive Board Report of the Supervisory Board
During the year the movements in borrowings were as follows:
Unsecured
Commercial
In millions of
bond issues
paper
Total
Balance as at 1 January 2019
13,160
13,160
Effects of movements of exchange rates
96
96
Proceeds
516
1,751
2,267
Repayments
(1,034)
(1,219)
(2,253)
Other
10
10
Balance as at 31 December 2019
12,748
532
13,280
Financial Statements
Sustainability Review
Heineken N.V. Annual Report 2019
Other Information
Fees for audit services include the audit of the financial statements of the Company and its subsidiaries.
Fees for other audit services include review of interim financial statements, sustainability, subsidy and other
audits. Fees for tax services include tax compliance and tax advice. Fees for other non-audit services include
agreed-upon procedures and advisory services. Fees for tax and other non-audit services are related to the
network outside the Netherlands and are in accordance with local independence regulation.
In 2019 €10.3 million of fees are recognised in the consolidated financial statements for services provided
by Deloitte Accountants BV and its member firms and/or affiliates (2018: €10.3 million). In the overview
below, the breakdown per type of service is provided:
Other Deloitte member
Deloitte Accountants B.V. firms and affiliates Total
In millions of
2019
2018
2019
2018
2019
2018
Audit of HEINEKEN and
3.1
2.7
6.4
6.6
9.5
9.3
its subsidiaries
Other audit services
0.3
0.4
0.2
0.2
0.5
0.6
Tax services
0.1
0.1
0.1
0.1
Other non-audit services
0.1
0.2
0.2
0.2
0.3
Total
3.4
3.2
6.9
7.1
10.3
10.3
Accounting policies
Fees for audit services are included in the other expenses in the consolidated financial statements (refer to
note 6.3 of the consolidated financial statements for more information). These fees are recognised when the
service is provided.
