Notes to the Consolidated Financial Statements continued Reportofthe Reportofthe Financial Other Contents Overview Executive Board Supervisory Board Statements Information 27. Non-GAAP measures continued The 2015 exceptional items included in EBIT contain the amortisation of acquisition-related intangibles for EUR321 million (2014:EUR291 million), the disposal gain for EMPAQUE of EUR379 million, restructuring expenses of EUR105 million (2014: EUR111 million) and the impairment of intangible assets and P, P&Eof EUR78 million (2014: EUR21 million). Additional exceptional items included in EBIT are the write down of assets and recording of provisions in DRCand Rwanda for an amount of EUR79 million and the combined loss on the Previously Held Equity Interests of GAB. DHN and Sedibeng of EUR19 million. The revaluation of the existing stake in D&G of EUR18 million resulted in an exceptional item in finance costs. The exceptional items in income tax expense include the tax impact on amortisation of acquisition-related intangible assets of EUR75 million (2014: EUR72 million) and the tax impact on other exceptional items included in EBIT and finance costs of EUR58 million (2014: EUR6 million). These items are partly offset by exceptional income tax items with a negative impact amounting to EUR9 million (2014: EUR26 million negative impact). EBIT and EBIT (beia) are not financial measures calculated in accordance with IFRS. The presentation of these financial measures may not be comparable to similarly titled measures reported by other companies due to differences in the ways the measures are calculated. 28. Employee benefits In millions of EUR 2015 Present value of unfunded defined benefit obligations 329 358 Present value of funded defined benefit obligations 8,544 8,551 Total present value of defined benefit obligations 8,873 8,909 Fair value of defined benefit plan assets (7,661) (7,547) Present value of net obligations 1,212 1,362 Asset ceiling items 4 2 Recognised liability for defined benefit obligations 1,216 1,364 Other long-term employee benefits 73 79 1,289 1,443 HEINEKEN makes contributions to defined benefit plans that provide pension benefits for employees upon retirement in a number of countries. The defined benefit plans in the Netherlands and the UK combined cover 88.4 per cent of the total defined benefit plan assets (2014:88.6 per cent). 83.9 per cent of the present value of the defined benefit obligations (2014:83.0 percent) and 55.2 per cent of the present value of net obligations (2014:52.1 per cent) as at 31 December 2015. HEINEKEN provides employees in the Netherlands with an average pay pension plan based on earnings up to the legal tax limit. Indexation of accrued benefits is conditional on the funded status of the pension fund. HEINEKEN pays contributions to the fund up to a maximum level agreed with the Board of the pension fund and has no obligation to make additional contributions in case of a funding deficit. In 2015. H EIN EKEN's cash contribution to the Dutch pension plan was at the maximum level. The same level is expected to be paid in 2016. HEINEKEN's UK plan (Scottish Newcastle pension plan 'SNPP') was closed to future accrual in 2010 and the liabilities thus relate to past service before plan closure. Based on the triennial review finalised in early 2013, HEINEKEN has agreed a 10-year funding plan including base Company contributions of GBP21 million per year, with a further Company contribution of between GBP15 million and GBP40 million per year, contingent on the funding level of the pension fund. As at 31 December 2015, the IAS 19 present value of the net obligations of SNPP represents a GBP369 million (EUR502 million) deficit. No additional liability has to be recognised as the net present value of the minimum funding requirement does not exceed the net obligation. The next triennial review will take place in 2016. Other countries where HEINEKEN offers a defined benefit plan to (former) employees include: Austria (closed in 2007 to new entrants). Belgium. Greece (closed in 2014 to new entrants). Ireland (closed in 2012 to all future accrual). Jamaica, Mexico (plan changed to hybrid defined contribution for majority of employees in 2014), Nigeria (closed to new entrants in 2007), Portugal, Spain (closed to management in 2010) and Switzerland. The vast majority of benefit payments are from pension funds that are held in trusts (or equivalent); however, there is a small portion where H EIN EKEN meets the benefit payment obligation as it falls due. Plan assets held in trusts are governed by Trustee Boards composed of HEIN EKEN representatives and independent and/or member representation, in accordance with local regulations and practice in each country. The relationship and division of responsibility between HEINEKEN and the Trustee Board (or equivalent) including investment decisions and contribution schedules are carried out in accordance with the plan's regulations. 108 Helneken N.V. Annual Report 2015

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