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Contents
Financial Statements
66-124
Heineken N.V.
Annual Report 2020
Introduction
Report of the
Executive Board
Report of the F inancial
Supervisory Board Statements
Sustainability
Review
Other
Information
Consolidated Income Statement
Consolidated Statement of Comprehensive Income
Consolidated Statement of Financial Position
Consolidated Statement of Cash Flows
Consolidated Statement of Changes in Equity
Notes to the Consolidated Financial Statements
I Reporting entity
2 Basis of preparation
3 Significant accounting estimates and judgements
4 Changes in accounting policies
5 General accounting policies
6 Operating activities
6.1 Operating segments
6.2 Other income
6.3 Raw materials, consumables and services
6.4 Personnel expenses
6.5 Share-based payments
6.6 Amortisation, depreciation and impairments
6.7 Earnings per share
7 Working capital
7.1 Inventories
7.2 Trade and other receivables
7.3 Trade and other payables
7.4 Returnable packaging materials
8 Non-current assets
8.1 Impairment testing of Intangible assets and Property, plant and equipment
8.2 Intangible assets
8.3 Property, plant and equipment
8.4 Loans and advances to customers
8.5 Other non-current assets
9 Provisions and contingent liabilities
9.1 Post-retirement obligations
9.2 Provisions
67
67
68
69
70
71
71
71
71
72
72
74
74
78
78
79
79
81
81
82
82
82
83
84
84
84
85
87
91
92
92
92
97
10 Acquisitions, disposals and investments
10.1 Acquisitions and disposals
10.2 Assets or disposal groups classified as held for sale
10.3 Investments in associates and joint ventures
11 F inancing and capital structure
11.1 Net finance income and expense
11.2 Cash and cash equivalents
11.3 Borrowings
11.4 Capital and reserves
11.5 Credit, liquidity and market risk
11.6 Derivative financial instruments
12 Tax
12.1 Income tax expense
12.2 Deferred tax assets and liabilities
12.3 Income tax on other comprehensive income
13 Other
13.1 Fair value
13.2 Off-balance sheet commitments
13.3 Related parties
13.4 HEINEKEN entities
13.5 Subsequent events
Heineken N.V. Income Statement
Heineken N.V. Balance Sheet
Heineken N.V. Shareholders' equity
Notes to the Heineken N.V. Financial Statements
A Company disclosures
A.1 Investments
A.2 Borrowings
B Other
B.1 Auditor fees
B.2 Off-balance sheet commitments
B.3 Subsequent events
B.4 Other disclosures
99
99
99
99
101
101
101
102
103
105
108
110
110
111
113
113
113
114
115
116
117
118
119
120
121
121
121
122
123
123
123
124
124
9.3 Contingencies
98
