109 27. Non-GAAP measures In the internal management reports Heineken measures its performance primarily based on EBIT and EBIT (beia), these are non- GAAP measures not calculated in accordance with IFRS. A similar non-GAAP adjustment can be made to the IFRS profit or loss as defined in IAS 1 paragraph 7 being the total of income less expense. Exceptional items are defined as items of income and expense of such size, nature or incidence, that in view of management their disclosure is relevant to explain the performance of Fleineken for the period. The table below presents the relationship with IFRS terms, the results from operating activities and profit and Heineken non-GAAP measures being EBIT, EBIT (beia) and profit (beia) for the financial year 2010. 2010 Results from operating activities 2,283 Share of profit of associates and joint ventures and impairments thereof (net of income tax) 193 2,476 132 2,608 Profit attributable to equity holders of the Company 1,436 132 (5) (118) Fleineken net profit beia 1.445 he exceptional items included in EBIT contain the amortisation of brands and customer relations for EUR142 million. The total book gain n the sale of MBI and GBNC as well as Waverley TBS for EUR199 million. The bankruptcy of a large on-trade customer in Western Europe suited in impairments of loans, receivables and guarantees for a total of EUR70 million and Femsa acquisition and integration expense r EUR80 million. The remaining EUR39 million relates to TCM expenses and one-off expenses due to contract terminations. xceptional items in the other net financing costs reflect interest hedges made by Scottish Newcastle in the past that do not ualify for hedge accounting under IFRS. The tax expense exceptional items are for EUR39 million related to amortisation of brands id customer relations and EUR27 million to the other exceptional items. Tax specific exceptional items are EUR52 million and relate the finalisation of the Globe transaction as well as various other settlements with the UK tax authorities. -SIT and EBIT (beia) are not financial measures calculated in accordance with IFRS. The presentation on these financial measures may it be comparable to similarly titled measures reported by other companies due to differences in the ways the measures are calculated. I. Employee benefits nillions of EUR 20102009 esent value of unfunded obligations 118 198 esent value of funded obligations 6,525 5,738 ital present value of obligations 6,643 5,936 ir value of plan assets (5,646) (4,858) resent value of net obligations 997 1,078 ctuarial (losses)/gains not recognised (411) (548) ecognised liability for defined benefit obligations 586 530 ther long-term employee benefits 101 104 687 634 an assets comprise: 2010 quity securities 2,484 2,195 overnment bonds 2,421 2,119 roperties and real estate 436 385 ther plan assets 305 159 5,646 4,858 eineken N.V. Annual Report 2010

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2010 | | pagina 106