Financial Review continued Reportofthe Reportofthe Financial Other Contents Overview Executive Board Supervisory Board Statements Information 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 EUR106 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. Operating profit (beia) Operating profit (beia) was EUR3.381 million, up 6.9 per cent organically, with a EUR104 million benefit from favourable foreign currency and a EUR69 million decline from consolidation. Higher revenue and the benefit of realised cost savings was partly offset by higher marketing and selling expenses. Share of net profit of associates and joint ventures Share of net profit of associates and joint ventures (beia) increased from EUR139 million to EUR177 million. On an organic basis, an increase of EUR38 million reflected a higher share of net profit mainly from the joint venture operations in South Africa. Results (beia) In millions of EUR 2015 Results from operating activities 3,075 2,780 Share of profit of associates and joint ventures and impairments thereof (net of income tax) 172 148 EBIT 3,247 311 3,558 2,928 Exceptional items and amortisation of acquisition-related intangible assets included in EBIT 340 EBIT (beia) 3,268 Share of profit of associates and joint ventures and impairments thereof (beia) (net of income tax) (177) (139) Operating profit (beia) 3,381 3,129 Profit attributable to equity holders of the Company (net profit) 1,892 1,516 Exceptional items and amortisation of acquisition-related intangible assets included in EBIT 311 (18) (124) (13) 2,048 340 Exceptional items included in finance costs (1) Exceptional items included in income tax expense (52) Exceptional items included in non-controlling interest (45) Net profit (beia) 1,758 29 Heineken N.V. Annual Report 2015

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2015 | | pagina 30