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: In millions of EUR Future Present value minimum of minimum lease lease payments payments 2014 Interest 2014 2014 2013 Interest 2013 Present value of minimum lease payments 2013 Less than one year Between one and five years More than five years 2 15 2 15 27. Non-GAAP measures In the internal management reports, HEINEKEN measures its performance primarily based on EBIT and EBIT beia (before exceptional items and amortisation of acquisition-related intangible assets). Both are non-GAAP measures not calculated in accordance with IFRS. 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. Beia adjustments are also applied on operating profit and net profit metrics. The table below presents the relationship between IFRS measures, being 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). In millions of EUR 20W 20131 Results from operating activities 2,780 2,554 Share of profit of associates and joint ventures and impairments thereof (net of income tax) 148 2,928 340 146 2,700 EBIT Exceptional items and amortisation of acquisition-related intangible assets included in EBIT 391 EBIT (beia) 3,268 3,091 Share of profit of associates and joint ventures and impairments thereof (beia) (net of income tax) (139) (150) Consolidated operating profit (beia) 3,129 2,941 Attributable share of operating profit from joint ventures and associates and impairments thereof 230 3,359 251 Group operating profit (beia) 3,192 Profit attributable to equity holders of the Company (net profit) 1,516 1,364 Exceptional items and amortisation of acquisition-related intangible assets included in EBIT 340 (1) (52) (45) 391 Exceptional items included in finance costs (11) Exceptional items included in income tax expense (151) Exceptional items included in non-controlling interest (8) Net profit (beia) 1,758 1,585 'Unaudited The 2014 exceptional items included in EBIT contain the amortisation of acquisition-related intangibles for EUR291 million (2013: EUR329 million), restructuring expenses of EUR111 million (2013: EUR99 million), the settlement of indemnified tax liabilities of EUR39 million and the impairment of intangible assets and P, P E in Tunisia for EUR21 million. These items are partly offset by past service benefit in the Netherlands due to a change in pension legislation of EUR88 million and the gain on revaluation of our PHEI in Zagorkaof EUR51 million. 105 Heineken N.V. Annual Report 2014

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2014 | | pagina 107