O
Notes to the Consolidated Financial Statements (continued)
8.2 Property, plant and equipment
Introduction Report of the Executive Board Report of the Supervisory Board
Property, plant and equipment (P,P&E) are fixed assets that are owned by HEINEKEN, as well as right of use (ROU) assets under a lease agreement. Owned and ROU assets are held for use in HEINEKEN's operating
activities. Refer to the table below for the split between owned assets and ROU assets as per balance sheet date:
In millions of
Note
2019
2018
Property, plant and equipment - owned assets
12,230
11,359
Right of use assets
4
1,039
-
Property, plant and equipment
13,269
11,359
Owned assets
The table below details the historical cost per asset class and the movements during the year for owned assets.
2019
2018
Land and
Plant and
Other
Under
Land and
Plant and
Other
Under
In millions of
Note
buildings
equipment
fixed assets
construction
Total
buildings
equipment
fixed assets
construction
Total
Cost
Balance as at 1 January
6,978
8,872
5,344
998
22,192
6,911
8,393
5,166
902
21,372
Changes in consolidation and other transfers
25
23
8
3
59
5
74
12
2
93
Purchases
62
91
411
1,465
2,029
36
74
396
1,330
1,836
Transfer of completed projects under construction
328
737
327
(1,392)
-
314
615
315
(1,244)
-
Transfer (to)/from assets classified as held for sale
(23)
-
(1)
-
(24)
(89)
(108)
(31)
-
(228)
Disposals
(133)
(194)
(385)
(13)
(725)
(132)
(105)
(517)
(1)
(755)
Effect of movements in exchange rates
181
109
74
16
380
(67)
(71)
3
9
(126)
Balance as at 31 December
7,418
9,638
5,778
1,077
23,911
6,978
8,872
5,344
998
22,192
Depreciation and impairment losses
Balance as at 1 January
(2,178)
(5,116)
(3,539)
-
(10,833)
(2,089)
(4,706)
(3,460)
-
(10,255)
Changes in consolidation and other transfers
-
-
-
-
-
-
(64)
(6)
-
(70)
Depreciation charge for the year
6.6
(177)
(440)
(633)
-
(1,250)
(161)
(416)
(578)
-
(1,155)
Impairment losses
6.6
(15)
(27)
(10)
-
(52)
(29)
(89)
(15)
-
(133)
Transfer to/(from) assets classified as held for sale
8
-
-
-
8
10
33
24
-
67
Disposals
25
190
378
-
593
82
100
505
-
687
Effect of movements in exchange rates
(30)
(71)
(46)
-
(147)
9
26
(9)
-
26
Balance as at 31 December
(2,367)
(5,464)
(3,850)
-
(11,681)
(2,178)
(5,116)
(3,539)
-
(10,833)
Carrying amount
As at 1 January
4,800
3,756
1,805
998
11,359
4,822
3,687
1,706
902
11,117
As at 31 December
5,051
4,174
1,928
1,077
12,230
4,800
3,756
1,805
998
11,359
Financial Statements
Sustainability Review
Heineken N.V. Annual Report 2019
Other Information
