AB InBev Financial Results
For further information on instruments hedging AB InBev's foreign exchange risk, see Note 27 Risks arising from financial
instruments.
Non-underlying finance income/(cost) for 2022 and 2021 includes:
.
•
•
•
274m US dollar gain resulting from mark-to-market adjustments on derivative instruments entered into to hedge
the shares issued in relation to the combination with Grupo Modelo and SAB (2021: (25)m US dollar loss);
246m US dollar gain resulting from the redemption of certain bonds (2021:(741)m US dollar loss);
(22)m US dollar loss related to the remeasurement of deferred considerations on prior year acquisitions (2021:
(19)m US dollar loss);
In 2021, (22)m US dollar loss from impairment of receivables against Delta Corporation Ltd (Delta), a Zimbabwean
associate, as a result of hyperinflation.
The interest income stems from the following financial assets:
Million US dollar
Cash and cash equivalents
Investments in debt securities held for trading
Other loans and receivables
Total
2022
2021
235
85
39
16
21
12
294
113
The interest income on other loans and receivables includes the interest accrued on cash deposited as guarantees for
certain legal proceedings pending their resolution. No interest income was recognized on impaired financial assets.
12. Income taxes
Income taxes recognized in the income statement can be detailed as follows:
Million US dollar
Current year
(Underprovided)/overprovided in prior years
Current tax expense
Origination and reversal of temporary differences
Recognition/(de-recognition) of deferred tax assets on tax losses (carried forward)
Deferred tax (expense)/income
Total income tax expense in the income statement
1 Amended to conform to 2022 presentation.
52
62
2022
20211
(2 785)
157
(2 628)
(2 857)
159
(2 698)
829
(128)
701
632
(284)
348
(1928)
(2 350)View entire presentation