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.
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