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Glossary
Volume
Weighted average number of shares
Introduction
Total profit of HEINEKEN before deduction of non
controlling interests.
Region
A region is defined as HEINEKEN’s managerial
classification of countries into geographical units.
Sustainability
Review
Other
Information
Financial
Statements
Report
of the
Supervisory
Board
Report
of the
Executive
Board
All brand names mentioned in this report, including
those brand names not marked by an represent
registered trademarks and are legally protected.
Includes input costs (raw material, packaging material
and inventory movements), transport and energy
water.
Net debt divided by the 12-month rolling pro-forma
EBITDA (beia), which includes acquisitions and
excludes disposals on a 12-month pro-forma basis.
Total borrowings
Sum of ‘Non-current borrowings’ and ‘current
borrowings’ as included in the consolidated statement
of financial position.
Variable cost
Pro-forma 12-month rolling net debt/EBITDA
(beia) ratio
Beer volume
Beer volume produced and sold by consolidated
companies.
Brand specific volume (Heineken® volume,
Amstel® volume, etc.)
Brand volume produced and sold by consolidated
companies plus 100% of brand volume sold under
licence agreements by joint ventures, associates and
third parties.
Group beer volume
The sum of beer volume, licensed beer volume and
attributable share of beer volume from joint ventures
and associates.
Licensed volume
100% of volume from HEINEKEN's beer brands sold
under licence agreements by joint ventures, associates
and third parties.
Non-beer volume
Cider, soft drinks and other non-beer volume produced
and sold by consolidated companies.
Premium beer
Beer sold at a price index equal or greater than 115
relative to the average market price of beer.
Total consolidated volume
The sum of beer volume, non-beer volume and third-
party products volume.
Diluted
Weighted average number of outstanding shares and
the weighted average number of shares that would be
issued on conversion of the dilutive potential shares
into shares as a result of HEINEKEN's share-based
payment plans.
Third-party products volume
Volume of third-party products (beer and non-beer)
resold by consolidated companies.
Basic
Weighted average number of outstanding shares.
Profit
Heineken
N.V.
Annual
Report
2023
LONO
Low- and non-alcoholic beer, cider brewed soft
drinks with an ABV <=3.5%.
