Financial Review continued
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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