tiï O Q, Notes to the Consolidated Financial Statements (continued) 6.7 Earnings per share 7 Working Capital 7.1 Inventories 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 3.34 3.34 3.39 3.39 Refer to the table below for the information used in the calculation of the per share. Weighted average number of shares - basic and diluted basic and diluted 2018 earnings 2017 Total number of shares issued Effect of own shares held 576,002,613 (5,856,544) 576,002,613 (5,928,278) Weighted average number of basic shares outstanding for the year Dilutive effect of share-based payment plan obligations 570,146,069 517,563 570,074,335 577,776 Weighted average number of diluted shares outstanding for the year 570,663,632 570,652,111 Accounting policies 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 Financial Statements Sustainability Review Other Information Inventory balances includes raw and packaging materials, work in progress, spare parts and finished products. In millions of 2018 2017 Raw materials 351 316 Work in progress 228 234 Finished products 426 412 Goods for resale 323 311 Non-returnable packaging 230 204 Other inventories and spare parts 362 337 1,920 1,814 During 2018 inventories were written down by €25 million to net realisable value (2017: €(14) million). Accounting policies 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.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2018 | | pagina 79