Financial Review continued
Reportofthe Reportofthe Financial Other
Contents Overview Executive Board Supervisory Board Statements Information
EBIT (beia) and net profit (beia)
In millions of EUR
EBIT beia
Net profit beia
2014
3,268
1,758
Organic growth
255
277
Changes in consolidation
(82)
(57)
Effects of movement in exchange rates
117
70
2015
3,558
2,048
EBIT to profit
In millions of EUR
2015
EBIT
3,247
2,928
Net interest expenses
(352)
(409)
Other net finance income/(expenses)
(57)
(79)
Profit before income tax
2,838
2,440
Income tax expenses
(697)
(732)
Profit
2,141
1,708
Net finance expenses (beia)
Net interest expenses (beia) decreased by EUR57 million to EUR352 million, reflecting a lower average effective interest rate on outstanding debts.
The average interest rate in 2015 was 3.3 per cent compared with 3.7 per cent in 2014
Other net finance expenses (beia) decreased by EUR4 million to EUR76 million.
Income tax expense (beia)
The effective tax rate (beia) was 27.8 per cent (2014 29.7 per cent). The decrease was mainly due to a number of one-off tax benefits as well as lower tax
rates in some countries.
Earnings per share diluted
Earnings per share-diluted increased to EUR3.30 (2014: EUR2.63). Earnings per share-diluted (beia) increased by 17 per cent from EUR3.05 to EUR3.57.
EBITto EBITDA (beia)
In millions of EUR
2015
EBIT
3,247
2,928
Depreciation and impairments of property, plant and equipment
1,222
1,088
Amortisation and impairment of intangible assets
372
349
EBITDA
4,841
4,365
Exceptional items
(119)
5
EBITDA (beia)
4,722
4,370
30 Heineken N.V. Annual Report 2015
