63-120
O O Qs
Contents
Financial Statements
11.3 Borrowings 98
A.2 Borrowings 118
B Other 119
Introduction Report of the Executive Board
Report of the Supervisory Board
Consolidated Income Statement
64
Consolidated Statement of Comprehensive Income
64
Consolidated Statement of Financial Position
65
Consolidated Statement of Cash Flows
66
Consolidated Statement of Changes in Equity
67
Notes to the Consolidated Financial Statements
68
1 Reporting entity
68
2 Basis of preparation
68
3 Significant accounting estimates and judgements
68
4 Changes in accounting policies
69
5 General accounting policies
70
6 Operating activities
72
6.1 Operating segments
72
6.2 Other income
76
6.3 Raw materials, consumables and services
76
6.4 Personnel expenses
76
6.5 Share-based payments
77
6.6 Amortisation, depreciation and impairments
78
6.7 Earnings per share
79
7 Working capital
79
7.1 Inventories
79
7.2 Trade and other receivables
80
7.3 Trade and other payables
81
7.4 Returnable packaging materials
81
8 Non-current assets
82
8.1 Intangible assets
82
8.2 Property, plant and equipment
85
8.3 Loans and advances to customers
87
8.4 Other non-current assets
88
9 Provisions and contingent liabilities
89
9.1 Post-retirement obligations
89
9.2 Provisions
93
9.3 Contingencies
94
Financial Statements
Sustainability Review
Heineken N.V. Annual Report 2019^ 6
Other Information
10 Acquisitions, disposals and investments 95
10.1 Acquisitions and disposals 95
10.2 Assets or disposal groups classified as held for sale 95
10.3 Investments in associates and joint ventures 95
11 Financing and capital structure 97
11.1 Net finance income and expense 97
11.2 Cash and cash equivalents 97
11.4 Capital and reserves 100
11.5 Credit, liquidity and market risk 101
11.6 Derivative financial instruments 105
12 Tax 107
12.1 Income tax expense 107
12.2 Deferred tax assets and liabilities 108
12.3 Income tax on other comprehensive income 109
13 Other 110
13.1 Fair value 110
13.2 Off-balance sheet commitments 111
13.3 Related parties 111
13.4 HEINEKEN entities 113
13.5 Subsequent events 113
Heineken N.V. Income Statement 114
Heineken N.V. Balance Sheet 115
Heineken N.V. Shareholders' equity 116
Notes to the Heineken N.V. Financial Statements 117
A Company disclosures 117
A.1 Investments 117
B.1 Auditor fees 119
B.2 Off-balance sheet commitments 120
B.3 Subsequent events 120
B.4 Other disclosures 120
