AB InBev Financial Results
Property, plant and equipment leased by the company (right-of-use assets) is detailed as follows:
2022
Machinery,
equipment and
other
Million US dollar
Net carrying amount at 31 December
Depreciation for the period ended 31 December
Million US dollar
Net carrying amount at 31 December
Depreciation for the year ended 31 December
Land and buildings
1 640
(398)
Land and buildings
1 696
(373)
786
(230)
2021
Machinery,
equipment and
other
Total
2 426
(628)
Total
523
2 219
(201)
(574)
Additions to right-of-use assets in 2022 were 885m US dollar (2021: 674m US dollar).
Following the sale of Dutch and Belgian pub real estate to Cofinimmo in October 2007, AB InBev entered into lease
agreements with a term of 27 years. Furthermore, the company leases a number of warehouses, trucks, factory facilities
and other commercial buildings, which typically run for a period of five to ten years. Lease payments are increased annually
to reflect market rentals, if applicable. None of the leases include contingent rentals.
The company leases out pub real estate for an average outstanding period of 6 to 8 years and part of its own property
under operating leases. In 2022, 108m US dollar was recognized as income in the income statement in respect of
subleasing of right-of-use assets (2021: 112m US dollar). As at 31 December 2022, the undiscounted lease payments of
the non-cancelable lease payments are expected to be received as follows: 92m US dollar in the next 12 months, 253m
US dollar in the years 2 through 5 and 53m US dollar after 5 years.
The expense related to short-term and low-value leases and variable lease payments that are not included in the
measurement of the lease liabilities is not significant.
14. Goodwill
Million US dollar
Acquisition cost
Balance at end of previous year
Effect of movements in foreign exchange
Disposals through the sale of subsidiaries
Transfers (to)/from other asset categories
Hyperinflation monetary adjustments
Balance at end of the period
31 December 2022
31 December 2021
123 702
(5 456)
118 461
(3 147)
(32)
(68)
328
18
196
115 541
118 461
Impairment losses
Balance at end of previous year
Effect of movements in foreign exchange
Balance at end of the period
Carrying amount
Balance at end of the period
55
59
(2 665)
134
(2 531)
113 010
(2 731)
66
(2665)
115 796View entire presentation