Notes to the Heineken N.V Financial Statements (continued)
B.2 Off-balance sheet commitments
-
B.3 Subsequent events
B.4 Other disclosures
O O Qs
Introduction Report of the Executive Board Report of the Supervisory Board
Less than
More than
In millions of
Total 2019
1 year 1 - 5 years
5 years
Total 2018
Undrawn committed bank facility
3,500
- 3,500
3,500
2019
2018
Third HEINEKEN
Third
HEINEKEN
parties companies
parties
companies
Declarations of joint and several liability
- 3,128
- 2,413
The legal entities to which the declarations of joint and several liability relate, are listed in note A.1.
The declarations include a conditional guarantee for the deficit of the defined benefit pension plan of
HEINEKEN UK (Scottish and Newcastle pension plan) as calculated in accordance with IAS 19. Through this
guarantee Heineken NV is ultimately liable for the payments, including any potential recovery payments,
to the pension plan. Refer to note 9.1 of the consolidated financial statements for more information.
Fiscal unity
The Company is part of the fiscal unity of HEINEKEN in the Netherlands. As a result, the Company is liable
for the tax liability of the fiscal unity in the Netherlands.
For subsequent events, refer to note 13.5 of the consolidated financial statements.
Financial Statements
Sustainability Review
Heineken N.V. Annual Report 20191120
Other Information
Remuneration
Refer to note 13.3 of the consolidated financial statements for the remuneration and incentives of the
Executive Board and Supervisory Board.
Executive and Supervisory Board statement
The members of the Supervisory Board signed the financial statements in order to comply with their
statutory obligation pursuant to Article 2:101paragraph 2, of the Dutch Civil Code.
The members of the Executive Board signed the financial statements in order to comply with their statutory
obligation pursuant to Article 2:101paragraph 2, of the Dutch Civil Code and Article 5:25c, paragraph 2
sub c, of the Financial Markets Supervision Act.
Amsterdam, 12 February 2020 Executive Board Supervisory Board
Van Boxmeer Huët
Debroux Fernandez Carbajal
Das
de Carvalho
Navarre
Astaburuaga Sanjinés
Mars-Wright
Helmes
Ripley
Arnold