AB InBev Financial Results
Independent auditors' report
pwc
STATUTORY AUDITOR'S REPORT TO THE GENERAL SHAREHOLDERS' MEETING OF
ANHEUSER-BUSCH INBEV NV/SA ON THE CONSOLIDATED FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 DECEMBER 2022
We present to you our statutory auditor's report in the context of our statutory audit of the consolidated financial statements of Anheuser-
Busch InBev NV/SA (the "Company") and its subsidiaries (jointly "the Group"). This report includes our report on the consolidated financial
statements, as well as the other legal and regulatory requirements. This forms part of an integrated whole and is indivisible.
We have been appointed as statutory auditor by the general meeting d.d. 27 April 2022, following the proposal formulated by the board
of directors and following the recommendation by the audit committee and the proposal formulated by the works' council. Our mandate
will expire on the date of the general meeting which will deliberate on the annual accounts for the year ended 31 December 2024. We
have performed the statutory audit of the consolidated financial statements of Anheuser-Busch InBev NV/SA for four consecutive years.
Report on the consolidated financial statements
Unqualified opinion
We have performed the statutory audit of the Group's consolidated financial statements, which comprise the consolidated statement of
financial position as at 31 December 2022, the consolidated income statement, the consolidated statement of comprehensive income, the
consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, and the notes to the
consolidated financial statements, including a summary of significant accounting policies and other explanatory information, and which is
characterized by a consolidated statement of financial position total of USD 212 943 million and a profit for the year of USD 7 597 million.
In our opinion, the consolidated financial statements give a true and fair view of the Group's net equity and consolidated financial position
as at 31 December 2022, and of its consolidated financial performance and its consolidated cash flows for the year then ended, in
accordance with International Financial Reporting Standards as adopted by the European Union and with the legal and regulatory
requirements applicable in Belgium.
Basis for unqualified opinion
We conducted our audit in accordance with International Standards on Auditing (ISAs) as applicable in Belgium. Furthermore, we have
applied the International Standards on Auditing as approved by the IAASB which are applicable to the year-end and which are not yet
approved at the national level. Our responsibilities under those standards are further described in the "Statutory auditor's responsibilities
for the audit of the consolidated financial statements" section of our report. We have fulfilled our ethical responsibilities in accordance with
the ethical requirements that are relevant to our audit of the consolidated financial statements in Belgium, including the requirements
related to independence. We have obtained from the board of directors and Company officials the explanations and information necessary
for performing our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Key audit matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial
statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a
whole and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
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