Cash conversion ratio
Effective tax rate
^CL~1 Heineken NV.
IO/ Annual Report 2016
Report of the Report of the Financial Sustainability
Introduction Executive Board Supervisory Board Statements Review
Acquisition-related intangible assets
Acquisition-related intangible assets are assets that HEINEKEN only recognises as part of a purchase price allocation following an acquisition.
This includes, among others, brands, customer-related and certain contract-based intangibles.
Before exceptional items and amortisation of acquisition-related intangible assets.
Free operating cash flow/net profit (beia) before deduction of non-controlling interests.
Cash flow (used in)/from operational investing activities
This represents the total of cash flow from sale and purchase of property, plant and equipment and intangible assets, proceeds and receipts
of loans to customers and other investments.
Sales by distributors to the retail trade.
Proposed dividend as percentage of net profit (beia).
Earnings per share
Net profit divided by the weighted average number of shares - basic - during the year.
Net profit divided by the weighted average number of shares - diluted - during the year.
Earnings before interest, taxes and net finance expenses. EBIT includes HEINEKEN's share in net profit of joint ventures and associates.
Earnings before interest, taxes, net finance expenses, depreciation and amortisation. EBITDA includes HEINEKEN's share in net profit of joint ventures
Income tax expense expressed as a percentage of the profit before income tax, adjusted for share of profit of associates and joint ventures
and impairments thereof (net of income tax).
Exceptional items and amortisation of acquisition-related intangible assets.
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.
Free operating cash flow
This represents the total of cash flow from operating activities and cash flow from operational investing activities.
Revenues generated from innovations (introduced in the past 40 quarters for a new category, 20 quarters for a new brand and 12 quarters
for all other innovations, excluding packaging renovations) divided by total revenue.
Non-current and current interest bearing loans and borrowings, bank overdrafts and commercial papers and market value of cross-currency interest
rate swaps less investments held for trading and cash.
Profit after deduction of non-controlling interests (profit attributable to equity holders of the Company).