AB InBev Financial Results
Consolidated financial statements
Consolidated income statement
For the year ended 31 December
Million US dollar, except earnings per shares in US dollar
Revenue
Cost of sales
Gross profit
Distribution expenses
Notes
(26 305)
31 481
2022
57 786
20211
54 304
(23 097)
31 207
(6 389)
(5 889)
Sales and marketing expenses
(6 752)
(7 292)
Administrative expenses
(4 414)
(4 394)
Other operating income/(expenses)
7
841
805
Profit from operations before non-underlying items
14 768
14 438
Non-underlying costs above profit from operations
8
Profit from operations
(251)
14 517
Finance cost
11
(5 792)
Non-underlying net finance income/(cost)
Finance income
Net finance income/(cost)
Share of result of associates
Non-underlying share of results of associates
Profit before tax
11
11
1 146
498
(4 148)
(614)
13 824
(5 234)
431
(806)
(5 609)
Income tax expense
16
6
8/16
299
(1143)
248
9 524
8 463
12
(1928)
(2 350)
7 597
6 114
Profit of the period
Profit of the period attributable to:
Equity holders of AB InBev
Non-controlling interest
Basic earnings per share
5 969
4 670
1 628
1 444
Diluted earnings per share
22
21
2.97
2.33
21
2.91
2.28
Basic earnings per share before non-underlying items
Diluted earnings per share before non-underlying items
22
21
3.21
2.85
21
3.15
2.80
Underlying earnings per share
21
3.03
2.88
The accompanying notes are an integral part of these consolidated financial statements.
1 Amended to conform to 2022 presentation.
2 Basic earnings per share and diluted earnings per share before non-underlying items and Underlying earnings per share are not defined metrics in IFRS. Refer
to Note 21 Changes in equity and earnings per share for more details.
27View entire presentation