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Consolidated Income Statement Consolidated Statement of Comprehensive Income
/^J Heineken N.V. Report of the Report of the Financial Sustainability Other
U Annual Report 2020 Introduction Executive Board Supervisory Board Statements Review Information
For the year ended 31 December
In millions of
Note
2020
2019
Revenue
6.1
23,770
28,521
Excise tax expense
6.1
(4,055)
(4,552)
Net revenue
6.1
19,715
23,969
Other income
6.2
56
95
Raw materials, consumables and services
6.3
(12,450)
(14,592)
Personnel expenses
6.4
(3,669)
(3,880)
Amortisation, depreciation and impairments
6.6/8.1
(2,874)
(1,959)
Total other expenses
(18,993)
(20,431)
Operating profit
778
3,633
Interest income
11.1
50
75
Interest expenses
11.1
(497)
(529)
Other net finance expenses
11.1
(143)
(59)
Net finance expenses
(590)
(513)
Share of profit/(loss) of associates and joint ventures
10.3
(31)
164
Profit before income tax
157
3,284
Income tax expense
12.1
(245)
(910)
Profit/(Loss)
(88)
2,374
Attributable to:
Shareholders of the Company (net profit/(loss))
(204)
2,166
Non-controlling interests
116
208
Profit/(Loss)
(88)
2,374
Weighted average number of shares - basic
6.7
575,625,598
573,643,551
Weighted average number of shares - diluted
6.7
575,625,598
574,217,111
Basic earnings per share
6.7
(0.36)
3.78
Diluted earnings per share
6.7
(0.36)
3.77
For the year ended 31 December
In millions of
Note
2020
2019
Profit/(Loss)
(88)
2,374
Other comprehensive income/(loss), net of tax:
Items that will not be reclassified to profit or loss:
Remeasurement of post-retirement obligations
12.3
62
(210)
Net change in fair value through OCI investments
12.3
(98)
9
Items that may be subsequently reclassified to profit or loss:
Currency translation differences
12.3
(2,114)
369
Change in fair value of net investment hedges
12.3
76
(43)
Change in fair value of cash flow hedges
12.3
45
64
Cash flow hedges reclassified to profit or loss
12.3
4
21
Net change in fair value through OCI investments
12.3
(1)
1
Cost of hedging
12.3
(6)
(5)
Share of other comprehensive income of associates/joint ventures
12.3
16
(20)
Other comprehensive income/(loss), net of tax
12.3
(2,016)
186
Total comprehensive income/(loss)
(2,104)
2,560
Attributable to:
Shareholders of the Company
(2,127)
2,328
Non-controlling interests
23
232
Total comprehensive income/(loss)
(2,104)
2,560
