The Best Beer Company in a Better World - Anheuser-Busch InBev

More documents

Recommendations

Info

56 | Annual Report 2008 Financial Report Consolidated financial statements Consolidated income statement For the year ended 31 December Million euro Notes 2008 2007 Revenue 16 102 14 430 Cost of sales (7 122) (5 936) Gross profit 8 980 8 494 Distribution expenses (1 854) (1 713) Sales and marketing expenses (2 396) (2 134) Administrative expenses (1 006) (990) Other operating income/(expenses) 7 298 263 Profit from operations before non-recurring items 4 022 3 920 Restructuring (including impairment losses) 8 (331) (43) Fair value adjustments 8 (34) - Business and asset disposal 8 (26) 393 Disputes 8 (14) 24 Profit from operations 3 617 4 294 Finance cost 11 (1 177) (713) Finance income 11 195 115 Non-recurring finance cost 8 (138) - Net finance cost (1 120) (598) Share of result of associates 47 1 Profit before tax 2 544 3 697 Income tax expense 12 (445) (649) Profit 2 099 3 048 Attributable to : Equity holders of AB InBev 1 288 2 198 Minority interests 811 850 Basic earnings per share1 24 1.29 2.25 Diluted earnings per share1 24 1.29 2.24 Consolidated statement of recognized income and expenses For the year ended 31 December Million euro Notes 2008 2007 Exchange differences on translation of foreign operations (gains/(losses)) 11 (1 419) (60) Full recognition of actuarial gains and (losses) (287) 33 Cash flow hedges 11 (1 562) 17 Net result recognized directly in equity (3 268) (10) Profit 2 099 3 048 Total recognized income and expenses (1 169) 3 038 Attributable to : Equity holders of AB InBev (1 907) 2 247 Minority interests 738 791 1 2007 Basic and diluted earnings per share restated in accordance with IAS33 (refer note 24 Earnings per share).
Consolidated balance sheet As at 31 December Million euro Financial Report Annual Report 2008 | 57 Notes 2008 2007 Assets Non-current assets Property, plant and equipment 13 14 137 6 629 Goodwill 14 35 608 13 834 Intangible assets 15 17 010 1 250 Investments in associates 16 4 935 31 Investment securities 17 172 163 Deferred tax assets 18 670 663 Employee benefits 26 6 7 Trade and other receivables 20 611 583 73 149 23 160 Current assets Investment securities 17 194 179 Inventories 19 2 086 1 119 Income tax receivable 417 306 Trade and other receivables 20 3 320 2 570 Cash and cash equivalents 21 2 110 1 324 Assets held for sale 22 37 41 8 164 5 539 Total assets 81 313 28 699 Equity and liabilities Equity Issued capital 23 1 234 474 Share premium 23 13 080 7 450 Reserves 23 (3 383) 292 Retained earnings 23 5 195 5 409 Equity attributable to equity holders of AB InBev 16 126 13 625 Minority interests 23 1 429 1 285 17 555 14 910 Non-current liabilities Interest-bearing loans and borrowings 25 34 508 5 185 Employee benefits 26 2 162 624 Deferred tax liabilities 18 8 677 468 Trade and other payables 29 289 315 Provisions 28 572 512 46 208 7 104 Current liabilities Bank overdrafts 21 550 80 Interest-bearing loans and borrowings 25 8 120 1 438 Income tax payable 291 570 Trade and other payables 29 8 260 4 410 Provisions 28 329 187 17 550 6 685 Total equity and liabilities 81 313 28 699
Page 1 and 2:
Our dream is to become The Best Bee
Page 3 and 4:
Anheuser-Busch InBev is a publicly
Page 5 and 6:
50% 40% 30% 20% 10% 04 05 06 07 07
Page 7 and 8:
Global brands Multi-country brands
Page 9 and 10: The Net Debt to EBITDA ratio not on
Page 11 and 12: Success in China China is the large
Page 13 and 14: World-class efficiency World-class
Page 15: Business Service Center Excellence
Page 19 and 20: Fewer bigger bets We know focus wor
Page 21 and 22: Stella Artois Légère In 2008, we
Page 23 and 24: One of 2008’s key innovations was
Page 25 and 26: Chernigivske In the Ukraine, Cherni
Page 27 and 28: 14.3 12.6 2006 2007 2008 Volumes NA
Page 29 and 30: 000 5 Million euro Million hl 0 0 5
Page 31 and 32: 00 0 0 00 0 0 Million euro hl Centr
Page 34 and 35: 30 | Annual Report 2008 The People
Page 36 and 37: 32 | Annual Report 2008 The People
Page 38 and 39: 34 | Annual Report 2008 The World a
Page 44 and 45: * Source: TNS Custom Research, Inc.
Page 46 and 47: 42 | Annual Report 2008 Financial R
Page 104 and 105: 100 | Annual Report 2008 Financial
Page 110 and 111:
106 | Annual Report 2008 Financial
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
128 | Annual Report 2008 Corporate
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Contacts Registered office Anheuser
show all

The Best Beer Company in a Better World - Anheuser-Busch InBev

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?