London, Jul. 6 - Dutch brewer Heineken is set to restate profit for newly acquired Scottish & Newcastle by as much as 10 percent, after finding discrepancies in its accounts, the Sunday Telegraph reported, citing analysts.
Heineken executives have been meeting analysts to warn them to expect a restatement of S&N's UK accounts when Heineken reports half-year results at the end of August, the paper said.
Heineken could not immediately be reached for comment.
Heineken in January jointly agreed with Carlsberg a 7.8 billion pound-bid to carve up Britain's biggest brewer, but has since been criticised for the purchase, as it increases Heineken's exposure to slower-growing markets of Western Europe.
The Telegraph said a Heineken spokeswoman confirmed that Heineken was in the process of comparing the two brewers' accounting policies. "We are in general more conservative than S&N," she was quoted as saying, without elaborating.
Heineken has a more stringent approach to accounting than S&N, and there is no suggestion that S&N's finance team acted outside accounting regulations, the Telegraph said.