87
Notes to the Consolidated Financial Statements (continued)
10. Personnel expenses
11. Amortisation, depreciation and impairments
-
12. Net finance income and expense
Recognised in profit or loss
Report of the
Report of the
Financial
Sustainability
Other
Introduction
Executive Board
Supervisory Board
Statements
Review
Information
Heineken N.V. Annual Report 2017
In millionsof Note
2017
2016
Wages and salaries
2,339
2,158
Compulsory social security contributions
364
333
Contributions to defined contribution plans
47
48
Expenses/(income) related to defined benefit plans 26
59
88
Expenses related to other long-term employee benefits
3
1
Equity-settled share-based payment plan 27
55
42
Other personnel expenses
683
593
3,550
3,263
Other personnel expenses includes expenses for contractors for an amount of€153 million (2016: €142 million) and restructuring costs for
amount of €82 million (2016: €38 million). Restructuring provisions are disclosed in note 28.
an
The average number of full-time equivalent (FTE) employees, excluding contractors, during the year was:
2017
2016
The Netherlands
3,998
3,907
Other Europe
23,873
24,012
Americas
27,818
20,917
Africa, Middle East and Eastern Europe
14,475
15,193
Asia Pacific
10,261
9,496
80,425
73,525
The increase in FTE in the region Americas mainly relates to the acquisition of Brasil Kirin.
In millionsof Note
2017
2016
Property, plant and equipment 14
1,153
1,437
Intangible assets 15
369
380
Recycling of currency translation differences
65
1,587
1,817
In 201 7 HEINEKEN recycled the negative currency translation reserves relating to disposed subsidiaries to the consolidated income statement.
In millionsof
2017
2016
Interest income
72
60
Interest expenses
(468)
(419)
Dividend income from available-for-sale investments
10
12
Net change in fairvalue of derivatives
(149)
19
Net foreign exchange gain/(loss)1
56
(114)
Unwinding discount on provisions
(14)
(1)
Interest on the net defined benefit obligation
(33)
(40)
Other
7
(10)
Other net finance income/(expenses)
(123)
(134)
Net finance income/(expenses)
(519)
(493)
1 Transactional foreign exchange effects of working capital and foreign currency denominated loans, the latter being offset by net change in fair value of derivatives.
