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Notes to the Heineken N.V. Financial Statements
During the year the movements in borrowings were as follows:
Other
B. Other
B.1 Auditor fees
B.2 Off-balance sheet commitments
m Heineken N.V. Report of the Report of the Financial Sustainability Other
Annual Report 2020 Introduction Executive Board Supervisory Board Statements Review Information
In millions of
Unsecured bond
issues
Commercial
paper
Derivatives used
for financing
activities
Total
Balance as at 1 January 2020
12,748
532
28
13,308
Effects of movements of exchange rates
(313)
(19)
(332)
Proceeds
2,972
1,948
5
4,925
Repayments
(1,000)
(1,782)
(2,782)
13
13
Balance as at 31 December 2020
14,420
698
14
15,132
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 2020 €10.9 million of fees are recognised in the consolidated financial statements for services provided by
Deloitte Accountants B.V. and its member firms and/or affiliates (2019: €10.3 million). In the overview below,
the breakdown per type of service is provided:
Deloitte
Other Deloitte member
Accountants B.V.
firms and affiliates
Total
In millions of
2020
2019
2020
2019
2020
2019
Audit of HEINEKEN and its
3.0
3.1
7.1
6.4
10.1
9.5
subsidiaries
Other audit services
0.2
0.3
0.4
0.2
0.6
0.5
Tax services
0.1
0.1
Other non-audit services
0.2
0.2
0.2
0.2
Total
3.2
3.4
7.7
6.9
10.9
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.
In millions of
Total 2020
Less than
1 year
1 - 5 years
More than
5 years
Total 2019
Undrawn committed bank facility
3,500
3,500
3,500
2020
2019
Third
parties
HEINEKEN
companies
Third parties
HEINEKEN
companies
Declarations of joint and several liability
2,350
3,128
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 N.V. 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.
