AB InBev Financial Results
Impairment losses
The allowance for impairment recognized during the period on financial assets was as follows:
31 December 2022
31 December 20211
Balance at end of previous year
Impairment losses
(402)
(376)
Derecognition
(38)
24
(37)
30
1
(19)
(416)
(402)
Currency translation and other
Balance at end of period
H) LIQUIDITY RISK
Historically, AB InBev's primary sources of cash flow have been cash flows from operating activities, the issuance of debt,
bank borrowings and equity securities. AB InBev's material cash requirements have included the following:
Debt servicing;
Capital expenditures;
Investments in companies;
Increases in ownership of AB InBev's subsidiaries or companies in which it holds equity investments;
Share buyback programs; and
Payments of dividends and interest on shareholders' equity.
The company believes that cash flows from operating activities, available cash and cash equivalents as well as short term
investments, along with related derivatives and access to borrowing facilities, will be sufficient to fund capital expenditures,
financial instrument liabilities and dividend payments going forward. It is the intention of the company to continue to reduce
its financial indebtedness through a combination of strong operating cash flow generation and continued refinancing.
The following are the nominal contractual maturities of non-derivative financial liabilities including interest payments and
derivative liabilities:
Contractual
31 December 2022
Less
More
than
Carrying
Amount²
cash
flows
than
1 year
1-2 years
2-3 years
3-5 years
5 years
Million US dollar
Non-derivative financial liabilities
Unsecured bond issues
(76 798)
(133 670)
(3 273)
(5 683)
(3 783)
(15 482)
(105 450)
Trade and other payables
Lease liabilities
Secured bank loans
(27 208)
(27 453)
(26 376)
(170)
(349)
(260)
(297)
(2 492)
(2 840)
(618)
(566)
(414)
(531)
(712)
(393)
(405)
(371)
(5)
(5)
(10)
(14)
Unsecured bank loans
Unsecured other loans
Bank overdraft
(100)
(100)
(100)
(125)
(193)
(34)
(78)
(28)
(31)
(23)
(83)
(83)
(83)
(107 199)
(164 745)
(30 856)
(6 501)
(4 579)
(16 313)
(106 496)
Derivative financial liabilities
Equity derivatives
(4 763)
(4 763)
Foreign exchange derivatives
(265)
(265)
Cross currency interest rate swaps
Commodity derivatives
(192)
(191)
(4 763)
(265)
(9)
(271)
(251)
(5 492)
(5 471)
(249)
(5 287)
32
(43)
(47)
(62)
(30)
(2)
(45)
(47)
(62)
B.
(30)
Of which: related to cash flow hedges
(551)
(530)
(469)
(43)
(17)
1 Amended to conform to 2022 presentation.
2 "Carrying amount" refers to the net book value as recognized in the statement of financial position at each reporting date.
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