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