AB InBev Financial Results
cessation of the business in December 2021, that was partially offset with gains incurred in relation to disposals completed
in the first half of 2021.
AB InBev Efes related costs of (51)m US dollar for 2022 relate to the discontinuation of exports to Russia and the forfeiting
of company benefits from the operations of the associate.
In May 2021, the company set up a new broad-based black economic empowerment ("B-BBEE") scheme (the "Zenzele
Kabili scheme") and reported (72)m US dollar in non-underlying items mainly representing the IFRS 2 cost related to the
grant of shares to qualifying SAB retailers and employees participating to the Zenzele Kabili scheme. For more details,
refer to Note 21 Changes in equity and earnings per share.
The company incurred a non-underlying net finance income of 498m US dollar for 2022 (2021: net finance cost of (806)m
US dollar) see Note 11 Finance cost and income.
-
During 2022, the company recorded an impairment of (1 143)m US dollar on its investment in AB InBev Efes - see Note 4
Use of estimates and judgments and Note 16 Investments in associates.
All the amounts referenced above are before income taxes. The non-underlying income taxes amounted to 399m US dollar
(decrease of income taxes) for 2022 (2021: decrease of income taxes by 346m US dollar). The non-underlying income
taxes for the year ended 31 December 2022 are mainly driven by a reorganization which resulted in the utilization of current
year and carry forward interests for which no deferred tax asset was recognized (350m US dollar).
Non-controlling interest on the non-underlying items amounts to 13m US dollar for 2022 (2021: 20m US dollar).
9. Payroll and related benefits
Million US dollar
Wages and salaries
Social security contributions
Other personnel cost
Share-based payment expense
Pension expense for defined benefit plans
Pension expense for defined contribution plans
Payroll and related benefits
The number of full-time equivalents can be split as follows:
2022
2021
(4 621)
(4 734)
(749)
(670)
(687)
(706)
(448)
(510)
(154)
(176)
(164)
(147)
(6 822)
(6 944)
AB InBev NV/SA (parent company)
Other subsidiaries
Total number of FTE
10. Additional information on operating expenses by nature
2022
2021
241
166 391
166 632
214
169 125
169 339
Depreciation, amortization and impairment charges are included in the following line items of the 2022 consolidated income
statement:
Million US dollar
Cost of sales
Distribution expenses
Sales and marketing expenses
Administrative expenses
Other operating expenses
Non-underlying items
Depreciation, amortization and impairment
Impairment of
goodwill, tangible
and intangible
assets
Depreciation and
impairment of
property, plant
and equipment
Amortization and Depreciation and
impairment of impairment of
intangible assets right-of-use asset
3 008
162
298
152
299
416
៦១៨៨
36
233
236
124
19
4
3 786
659
629
4
50
60View entire presentation