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Notes to the Consolidated Financial Statements
6. Operating activities
6.1 Operating segments
A Heineken N.V. Report of the Report of the Financial Sustainability Other
T1 Annual Report 2020 Introduction Executive Board Supervisory Board Statements Review Information
HEINEKEN distinguishes five reportable segments: Europe, Americas, Africa, Middle East Eastern Europe, Asia Pacific and Head Office Other/eliminations. Information about these reportable segments are provided in
the table below:
Africa, Middle East Head Office
Europe Americas Eastern Europe Asia Pacific Other/Eliminations Consolidated
In millions of Note 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019
Net revenue (beia)1 8,631 10,629 6,319 7,429 2,782 3,370 2,707 3,205 (716) (740) 19,724 23,894
Third party revenue2 10,462 12,601 6,452 7,656 3,400 4,106 3,443 4,106 13 52 23,770 28,521
Interregional revenue 697 758 27 32 5 2 (729) (792)
Revenue 11,159 13,359 6,479 7,688 3,400 4,106 3,448 4,108 (716) (740) 23,770 28,521
Excise tax expense3 (2,528) (2,728) (160) (181) (626) (737) (741) (906) (4,055) (4,552)
Net revenue1 8,631 10,631 6,319 7,507 2,774 3,369 2,707 3,202 (716) (740) 19,715 23,969
Other income 62 47 12 5 9 3 1 1 73 - 56 95
Operating profit
(7)
1,286
540
1,176
119
369
425
934
(299) (132)
778
3,633
Net finance expenses
Share of profit/(loss) of associates and joint ventures
Income tax expense
11.1
10.3
12.1
(4)
17
31
67
17
40
(51)
44
(24)
(4)
(590) (513)
(31) 164
(245) (910)
Profit/(Loss)
Attributable to:
Shareholders of the Company (net profit/(loss))
Non-controlling interests
(88)
2,374
(204) 2,166
116 208
Operating profit reconciliation
Operating profit
Eia1
(7)
454
1,286
150
540
505
1,176
28
119
145
369
39
425
442
934
151
(299)
97
(132)
18
778
1,643
3,633
387
Operating profit (beia)1
447
1,436
1,045
1,204
264
408
867
1,085
(202)
(114)
2,421
4,020
1 Note that this is a non-GAAP measure. Due to rounding, this balance will not always cast.
2 Includes other revenue of €261 million in 2020 (2019: €356 million).
3 Next to the €4,055 million of excise tax expense included in revenue (2019: €4,552 million), €1,613 million of excise tax expense is collected on behalf of third parties and excluded from revenue (2019: €1,813 million).
