AB InBev Financial Results
Income taxes were directly recognized in other comprehensive income as follows:
Million US dollar
Re-measurements of post-employment benefits
Exchange differences, cash flow and net investment hedges
Income tax (losses)/gains
13. Property, plant and equipment
Property, plant and equipment comprises owned and leased assets, as follows:
Million US dollar
Property, plant and equipment owned
Property, plant and equipment leased (right-of-use assets)
Total property, plant and equipment
Million US dollar
Acquisition cost
2022
2021
(126)
(123)
(51)
(177)
(45)
(167)
31 December 2022
31 December 2021
24 245
2 426
26 671
24 459
2 219
26 678
Land and
buildings
31 December 2022
Plant and
equipment,
fixtures and
31 December 2021
fittings
Under
construction
Total
Total
Balance at end of previous year
12 374
Effect of movements in foreign exchange
Acquisitions
Acquisitions through business combinations
(208)
27
35 906
(729)
1 340
2 462
(46)
2 912
50 742
(983)
4 279
48 993
(1616)
4 739
2
Disposals through sale and derecognition
Disposals through the sale of subsidiaries
(154)
(1)
Transfer (to)/from other asset categories
and other movements
554
2 634
(1667)
(12)
(3122)
(1)
(1 822)
(13)
(1 301)
(51)
66
(23)
Balance at end of the period
12 591
37 473
2 205
52 269
50 742
Depreciation and impairment losses
Balance at end of previous year
Effect of movements in foreign exchange
Depreciation
(4 292)
82
(423)
Disposals through sale and derecognition
Disposals through the sale of subsidiaries
66
(21 992)
425
(3 106)
1 565
(26 284)
507
(3 530)
1 631
8
Impairment losses
Transfer to/(from) other asset categories
(3)
(14)
(168)
(172)
and other movements
Balance at end of the period
(4 584)
(23 440)
(172)
(186)
57
(28 024)
(26 284)
8
(24 802)
813
(3 384)
1 168
46
(182)
Carrying amount
at 31 December 2021
at 31 December 2022
8 082
8 007
13 915
14 033
2 462
2 205
24 459
24 245
24 459
As at 2022 and 2021 there were no significant restrictions on title on property, plant and equipment.
Contractual commitments to purchase property, plant and equipment amounted to 538m US dollar as at 31 December
2022 compared to 449m US dollar as at 31 December 2021.
AB InBev's net capital expenditures in the statement of cash flow amounted to 4 838m US dollar in 2022 compared to
5 498m US dollar for the same period last year. Out of the total 2022 capital expenditures approximately 36% was used to
improve the company's production facilities while 45% was used for logistics and commercial investments and 20% for
improving administrative capabilities and for the purchase of hardware and software.
1 The transfer (to)/from other asset categories and other movements relates mainly to transfers from assets under construction to their respective asset
categories, to contributions of assets to pension plans, to the separate presentation in the statement of financial position of property, plant and equipment
held for sale in accordance with IFRS 5 Non-current assets held for sale and discontinued operations and to the restatement of non-monetary assets under
hyperinflation accounting in line with IAS 29 Financial reporting in hyperinflationary economies.
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