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Notes to the Consolidated Financial Statements (continued)
6.7 Earnings per share
7 Working Capital
Introduction Report of the Executive Board Report of the Supervisory Board
The calculation of earnings per share for the period ended 31 December 2018 is based on the profit
attributable to the shareholders of the Company (net profit) and a weighted average number of ordinary
shares outstanding (basic and diluted) during the year ended 31 December 2018.
In per share (basic or diluted) for the period ended 31 December 2018 2017
Basic earnings per share
Diluted earnings per share
Refer to the table below for the information used in the calculation of the
Weighted average number of shares - basic and diluted
basic and diluted
Total number of shares issued
Effect of own shares held
Weighted average number of basic shares outstanding
for the year
Dilutive effect of share-based payment plan obligations
Weighted average number of diluted shares outstanding
for the year
HEINEKEN presents basic and diluted earnings per share (EPS) data for its ordinary shares. Basic EPS is
calculated by dividing the profit or loss attributable to shareholders of the Company by the weighted
average number of ordinary shares outstanding during the year, adjusted for the weighted average
number of own shares purchased or held in the year. Diluted EPS is determined by dividing the profit or loss
attributable to shareholders by the weighted average number of ordinary shares outstanding, adjusted for
the weighted average number of own shares purchased or held in the year and for the effects of all dilutive
potential ordinary shares which comprise share rights granted to employees and the Executive Board.
Heineken N.V. Annual Report 2018Ï 78
Inventory balances includes raw and packaging materials, work in progress, spare parts and
In millions of
Work in progress
Goods for resale
Other inventories and spare parts
During 2018 inventories were written down by €25 million to net realisable value (2017: €(14) million).
Inventories are measured at the lower of cost and net realisable value. The cost of inventories is based
on weighted average cost, and includes expenditure incurred in acquiring the inventories, production
or conversion costs and other costs incurred in bringing them to their existing location and condition.
Net realisable value is the estimated selling price in the ordinary course of business, less the estimated
costs of completion and selling expenses.