tiï O A
Consolidated Income Statement
Consolidated Statement of Comprehensive Income
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-
-
Introduction Report of the Executive Board Report of the Supervisory Board
For the year ended 31 December
In millions of
Note
2018
2017*
Revenue
6.1
26,811
25,843
Excise tax expense
6.1
(4,340)
(4,234)
Net revenue
6.1
22,471
21,609
Other income
6.2
75
141
Raw materials, consumables and services
6.3
(13,967)
(13,261)
Personnel expenses
6.4
(3,749)
(3,550)
Amortisation, depreciation and impairments
6.6
(1,693)
(1,587)
Total other expenses
(19,409)
(18,398)
Operating profit
3,137
3,352
Interest income
11.1
62
72
Interest expenses
11.1
(493)
(468)
Other net finance income/(expenses)
11.1
(64)
(123)
Net finance expenses
(495)
(519)
Share of profit of associates and joint ventures
10.3
210
75
Profit before income tax
2,852
2,908
Income tax expense
12.1
(757)
(755)
Profit
2,095
2,153
Attributable to:
Shareholders of the Company (net profit)
1,903
1,935
Non-controlling interests
192
218
Profit
2,095
2,153
Weighted average number of shares - basic
6.7
570,146,069
570,074,335
Weighted average number of shares - diluted
6.7
570,663,632
570,652,111
Basic earnings per share
6.7
3.34
3.39
Diluted earnings per share
6.7
3.34
3.39
Restated to reflect the change in accounting policy on Revenue from Contracts with Customers (IFRS 15). Refer to note 4 for
further details.
Financial Statements
Sustainability Review
Heineken N.V. Annual Report 2018^ 6
Other Information
For the year ended 31 December
In millions of
Note
2018
2017
Profit
2,095
2,153
Other comprehensive income, net of tax:
Items that will not be reclassified to profit or loss:
Remeasurement of post-retirement obligations
12.3
221
64
Net change in fair value through OCI investments*
12.3
11
Items that may be subsequently reclassified to profit
or loss:
Currency translation differences
12.3
(100)
(1,485)
Reclassification of currency translation differences to profit
or loss
12.3
59
Change in fair value of net investment hedges
12.3
(3)
26
Change in fair value of cash flow hedges
12.3
(67)
109
Cash flow hedges reclassified to profit or loss
12.3
(77)
(3)
Net change in fair value through OCI investments*
12.3
68
Share of other comprehensive income of associates/
joint ventures
12.3
(36)
(7)
Other comprehensive income, net of tax
12.3
(51)
(1,169)
Total comprehensive income
2,044
984
Attributable to:
Shareholders of the Company
1,848
881
Non-controlling interests
196
103
Total comprehensive income
2,044
984
In 2017 these investments were classified as available-for-sale investments.
