g)@
Notes to the Consolidated Financial Statements
6.6 Amortisation, depreciation and impairments
6.7 Earnings per share
01 Heineken N.V. Report of the Report of the Financial Sustainability Other
O Annual Report 2020 Introduction Executive Board Supervisory Board Statements Review Information
In millions of
Note
2020
2019
Property, plant and equipment
8.3
1,981
1,540
Intangible assets
8.2
855
419
Other
38
2,874
1,959
Refer to note 8.1 for the impairment losses.
Property, plant and equipment includes depreciation and impairment of ROU assets of €280 million
(2019: €238 million).
Accounting policies
Refer to note 8.2 for the accounting policy on impairments and amortisation, and to note 8.3 for the policy
on depreciation.
The calculation of earnings per share (EPS) for the period ended 31 December 2020 is based on the profit
attributable to the shareholders of the Company (net profit/(loss)) and the weighted average number of shares
outstanding (basic and diluted) during the year ended 31 December 2020.
In per share (basic or diluted) for the period ended 31 December
2020
2019
Basic earnings per share
(0.36)
3.78
Diluted earnings per share
(0.36)
3.77
Refer to the table below for the information used in the calculation of the basic and diluted earnings per share.
Weighted average number of shares - basic and diluted
2020
2019
Total number of shares issued
Effect of own shares held
576,002,613
(377,015)
576,002,613
(2,359,062)
Weighted average number of basic shares outstanding for the year
Dilutive effect of share-based payment plan obligations
575,625,598
573,643,551
573,560
Weighted average number of diluted shares outstanding for the year
575,625,598
574,217,111
For the calculation of weighted average number of diluted shares outstanding, the shares related to the
employee incentive programme (196,007 shares) are excluded in 2020 as these have an anti-dilutive impact
due to the reported net loss.
Accounting policies
HEINEKEN presents basic and diluted earnings per share (EPS) data for its shares. Basic EPS is calculated by
dividing the profit or loss attributable to shareholders of the Company by the weighted average number of
shares outstanding during the year, adjusted for the weighted average number of own shares held in the year.
Diluted EPS is determined by dividing the profit or loss attributable to shareholders by the weighted average
number of shares outstanding, adjusted for the weighted average number of own shares held in the year
and for the effects of all dilutive potential shares which comprise share rights granted to employees and the
Executive Board. The effects of anti-dilutive potential ordinary shares are ignored in calculating Diluted EPS.
