AB InBev Financial Results slide image

AB InBev Financial Results

31. Related parties TRANSACTIONS WITH DIRECTORS AND EXECUTIVE COMMITTEE MEMBERS (KEY MANAGEMENT PERSONNEL) AB InBev's Executive Committee members' compensation consists of short-term employee benefits (primarily salaries) and post-employment benefits from pension plans of their respective country - see also Note 23 Pensions and similar obligations. Key management personnel are also eligible for the company's share option; restricted stock and/or share swap program (see Note 24 Share-based Payments). Total directors and Executive Committee compensation included in the income statement can be detailed as follows: Million US dollar Short-term employee benefits Termination benefits Share-based payment 2022 2021 Directors Executive Committee Directors Executive Committee¹ 2 15 2 35 2 50 2 235 24 33 57 Directors' compensation consists mainly of directors' fees. During 2022, AB InBev entered into the following transactions: The lease of commercial premises from and the sale of malt-based beverages and beer to companies in which one of the company's Board Member had a significant influence as of 31 December 2022. The transactions happened mainly through AB InBev's subsidiary Bavaria S.A. for an aggregated consideration of approximately 33m US dollar (2021: 19m US dollar). The outstanding balance of these transactions as of 31 December 2022 amounts to 1m US dollar (31 December 2021: 3m US dollar). In 2021, the company acquired, through Grupo Modelo and its subsidiaries, information technology and infrastructure services for a consideration of approximately 1m US dollar from a company in which one of the company's Board Member had significant influence. In 2022, there were no such transactions. JOINTLY CONTROLLED ENTITIES Interests in joint ventures include three entities in Brazil, one in Mexico and one in Canada. None of these joint ventures are material to the company. TRANSACTIONS WITH ASSOCIATES Significant interests in associates are shown in note 16 Investments in associates. AB InBev's transactions with associates were as follows: Million US dollar Gross profit Current assets Current liabilities 2022 2021 (4) 100 58 57 16 99 64800 TRANSACTIONS WITH PENSION PLANS AB InBev's transactions with pension plans mainly comprise (12)m US dollar other expense to pension plans in the US in 2022 (2021: (12)m US dollar). 1 The 2021 Executive Committee members' compensation includes the cost reported for AB InBev's former CEO up to 30 June 2021 and the costs for the newly appointed CEO for the full year 2021. 97
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