tiï O Q,
Notes to the Consolidated Financial Statements (continued)
6 Operating activities
6.1 Operating segments
-
-
-
-
Introduction Report of the Executive Board Report of the Supervisory Board
HEINEKEN distinguishes five reportable segments: Europe, Americas, Africa, Middle East Eastern Europe, Asia Pacific and Head Office Other/eliminations. In below table information is provided about these
reportable segments:
Africa, Middle East Head Office
Europe Americas Eastern Europe Asia Pacific Other/eliminations Consolidated
In millions of
Note
2018
2017*
2018
2017*
2018
2017*
2018
2017*
2018
2017*
2018
2017*
Net revenue (beia)1
10,348
9,991
6,781
6,312
3,051
3,028
2,919
2,922
(628)
(624)
22,471
21,629
Third party revenue2
12,351
11,869
6,928
6,486
3,724
3,666
3,701
3,726
107
96
26,811
25,843
Interregional revenue
702
687
27
28
1
3
2
(732)
(718)
Revenue
13,053
12,556
6,955
6,514
3,724
3,667
3,704
3,728
(625)
(622)
26,811
25,843
Excise tax expense3
(2,705)
(2,595)
(174)
(202)
(673)
(639)
(785)
(797)
(3)
(1)
(4,340)
(4,234)
Net revenue
10,348
9,961
6,781
6,312
3,051
3,028
2,919
2,931
(628)
(623)
22,471
21,609
Other income
6.2
28
134
19
5
2
2
4
22
75
141
Operating profit
1,235
1,338
1,009
1,003
211
326
779
844
(97)
(159)
3,137
3,352
Net finance expenses
11.1
(495)
(519)
Share of profit of associates and joint ventures
10.3
15
(11)
124
20
37
44
38
22
(4)
210
75
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
Operating profit reconciliation
Operating profit
1,235
1,338
1,009
1,003
211
326
779
844
(97)
(159)
3,137
3,352
Eia1
217
33
169
185
200
62
164
118
(19)
9
731
407
Operating profit (beia)1
1,452
1,371
1,178
1,188
411
388
943
962
(116)
(150)
3,868
3,759
Restated to reflect the change in accounting policy on Revenue from Contracts with Customers (IFRS 15). Refer to note 4 for further details.
1 Note that this is a non-GAAP measure.
2 Includes other revenue of €389 million in 2018 and €361 million in 2017.
3 Next to the €4,340 million of excise tax expense included in revenue (2017: €4,234 million), €1,568 million of excise tax expense is collected on behalf of third parties and excluded from revenue (2017: €1,415 million).
Heineken N.V. Annual Report 2018 I
Financial Statements
Sustainability Review
Other Information
