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(D
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(D
Report of the Report of the
Contents Overview Executive Board Supervisory Board
Financial
statements
Other information
26. Finance lease liabilities
Finance lease liabilities are payable as follows:
Present
Present
Future
value of
Future
value of
minimum
minimum
minimum
minimum
lease
lease
lease
lease
payments
Interest
payments
payments
Interest
payments
In millions of EUR
2013
2013
2013
2012
2012
2012
Less than one year
k
k
16
16
Between one and five years
5
5
21
20
More than five years
2
2
9
9
39
38
The decrease in the finance lease liabilities mainly relates to the disposal of our Hartwall operations in Finland.
27. Non-GAAP measures
In the internal management reports HEINEKEN measures its performance primarily based on EBIT and EBIT (beia), which 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 the view of management their disclosure is relevant to explain the performance of HEINEKEN
for the period. The table below presents the relationship with IFRS measures, the results from operating activities and Net profit and
HEINEKEN non-GAAP measures being EBIT, EBIT (beia), Consolidated operating profit (beia), Group operating profit (beia) and Net
profit (beia) for the financial year 2013.
In millions of EUR
20131
20121*
Results from operating activities
2,554
3,697
Share of profit of associates and joint ventures and impairments thereof (net of income tax)
146
213
EBIT
2,700
3,910
Exceptional items and amortisation of acquisition-related intangible assets included in EBIT
391
(992)
EBIT (beia)
3,091
2,918
Share of profit of associates and joint ventures and impairments thereof (beia)
(net of income tax)
(150)
(252)
Consolidated operating profit (beia)
2,941
2,666
Attributable share of operating profit from joint ventures and associates and impairments thereof
251
440
Group operating profit (beia)
3,192
3,106
Profit attributable to equity holders of the Company (net profit)
1,364
2,914
Exceptional items and amortisation of acquisition-related intangible assets included in EBIT
391
(992)
Exceptional items included in finance costs
(11)
(206)
Exceptional items included in income tax expense
(151)
(55)
Exceptional items included in non-controlling interest
(8)
Net profit (beia)
1,585
1,661
*Restated for the revised IAS 19.
1Unaudited
The 2013 exceptional items included in EBIT contain the amortisation of acguisition-related intangibles for EUR329 million (2012:
EUR198 million), the impairment of intangible assets and P, P E in Russia for EUR102 million, the gain on sale of our Kazakhstan
operations of EUR75 million and restructuring expenses in Europe of EUR99 million (2012: EUR97 million). The remainder of EUR64
million primarily relates to the dilution gain as a result of the share issuance by our joint venture Compania Cervecerias Unidas S.A.
ofEUR47 million.
Heineken N.V. Annual Report 2013
104
