26. Finance lease liabilities
27. EBIT and EBIT (beia)
Finance lease liabilities are payable as follows:
In millions of EUR
Less than one year
Between one and five years
More than five years
EBIT is defined as results from operating activities plus share of profit of associates and JVs including
impairments thereof. EBIT (beia) is defined as results from operating activities plus share of profit of
associates and JVs including impairments thereof, before exceptional items and amortisation of brands
and customer relationships.
Exceptional items are defined as items of income and expense of such size, nature or incidence, that in view
management their disclosure is relevant to explain the performance of Heineken for the period.
Exceptional items and amortisation of brands and customer relationships for 2009 on EBIT level amounted to
EJR338 million (2008: EUR852 million) and can be explained as follows. In personal expenses EUR63 million
1 008: EUR 166 million) exceptional items are included relating to restructuring costs due to redundancies
i Rowing brewery closures and other TCM cost saving initiatives in Heineken UK, Heineken Spain, Finland and
F ance. Exceptional items included in impairments of P, P E amount to EUR 140 million (2008: EUR81million)
a nd include the impairment of pubs in the UK (EUR68 million) and the above brewery closures (EUR72 million).
1 addition EUR36 million (2008: EUR50 million) is included in other expenses.
1 re amortisation of brands and customer relationships amounted to EUR79 million (2008: EUR63 million).
1 tpairments relating to contract-based intangibles amount to EUR20 million (2008: EUR275 million). Included
i 2008 was the impairment of goodwill relating to Russia (EUR 275 million).
1 5IT and EBIT (beia) are not financial measures calculated in accordance with IFRS. The presentation on these
f lancial measures may not be comparable to similarly titled measures reported by other companies due to
fferences in the ways the measures are calculated.
Annual Report 2009 - Heineken N.V.