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CHANGES IN EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2022
Changes In Equity |
Schedule of issued capital |
Schedule of issued capital |  |  |  |  |  |  |  |
|  | 2022 |  |  | 2021 |  |  | 2020
| Million common shares | Million Reais |  | Million common shares | Million Reais |  | Million common shares | Million Reais
Beginning balance | 15,744.4 | 58,042.5 |  | 15,735.1 | 57,899.1 |  | 15,733.6 | 57,866.8
Capital increase (i) | 5.8 | 88.0 |  | 9.3 | 143.4 |  | 1.5 | 32.3
Final balance (ii) | 15,750.2 | 58,130.5 |  | 15,744.4 | 58,042.5 |  | 15,735.1 | 57,899.1
(i) | Capital increase related to the issue of shares.
(ii) | The capital stock is fully subscribed and paid up.
Schedule of capital reserves |
Schedule of capital reserves |  |  |  |  |
| Capital Reserves |
| Treasury shares | Share Premium | Other capital reserves | Share-based Payments | Total
At January 1, 2020 | (955.2) | 53,662.8 | 700.9 | 1,403.0 | 54,811.5
Capital Increase | - | - | - | (32.3) | (32.3)
Purchases of shares, results of treasury shares and share-based payments | 13.5 | - | - | 192.9 | 206.4
At December 31, 2020 | (941.7) | 53,662.8 | 700.9 | 1,563.6 | 54,985.6
Capital Increase | (60.0) | - | - | (74.4) | (134.4)
Purchases of shares, results of treasury shares and share-based payments | (36.1) | - | - | 372.1 | 336.0
At December 31, 2021 | (1,037.8) | 53,662.8 | 700.9 | 1,861.3 | 55,187.2
Capital Increase | - | - | - | (64.2) | (64.2)
Purchases of shares, results of treasury shares and share-based payments | (35.6) | - | - | 252.4 | 216.8
At December 31, 2022 | (1,073.4) | 53,662.8 | 700.9 | 2,049.5 | 55,339.8
Schedule of treasury shares |
Schedule of treasury shares |  |  |  |  |  |  |
| Acquisition /realization of shares |  | Result of Treasury Shares |  | Total Treasury Shares
| Million shares |  | Million Brazilian Reais |  | Million shares |  | Million Brazilian Reais
At January 1, 2020 | 3.6 |  | (68.2) |  | (887.0) |  | (955.2)
Changes during the year | (3.4) |  | 65.0 |  | (51.5) |  | 13.5
At December 31, 2020 | 0.2 |  | (3.2) |  | (938.5) |  | (941.7)
Changes during the year | 5.6 |  | (95.1) |  | (1.0) |  | (96.1)
At December 31, 2021 | 5.8 |  | (98.3) |  | (939.5) |  | (1,037.8)
Changes during the year | 2.7 |  | (33.5) |  | (2.1) |  | (35.6)
At December 31, 2022 | 8.5 |  | (131.8) |  | (941.6) |  | (1,073.4)
Schedule of net income reserves |
Schedule of net income reserves |  |  |  |
| Net income reserves
| Investments reserve | Legal reserve | Fiscal incentive | Total
At January 1, 2020 | 10,798.1 | 4.5 | 10,071.6 | 20,874.2
Fiscal incentive reserve | - | - | 1,332.8 | 1,332.8
Investments reserve | 3,713.0 | - | - | 3,713.0
At December 31, 2020 | 14,511.1 | 4.5 | 11,404.4 | 25,920.0
Fiscal incentive reserve | - | - | 1,423.5 | 1,423.5
Investments reserve | 3,848.1 | - | - | 3,848.1
At December 31, 2021 | 18,359.2 | 4.5 | 12,827.9 | 31,191.6
Fiscal incentive reserve | - | - | 2,018.7 | 2,018.7
Investments reserve | 3,696.7 | - | - | 3,696.7
At December 31, 2022 | 22,055.9 | 4.5 | 14,846.6 | 36,907.0
Schedule of interest on shareholders' equity and dividends |
Schedule of interest on shareholders' equity and dividends |  |  |  |  |  |  |
Event | Approval | Type | Date of payment | Year | Type of share | Amount per share | Total amount
Board of Directors Meeting | 6/12/2022 | Interest on shareholder´s equity | 12/29/2022 | 2022 | ON | 0.7623 | 11,999.8
|  |  | 11,999.8
Distribution of interest on shareholders’ equity. In accordance with the Operations and Finance Committee recommendation at the meeting held on December 5, 2022, a distribution of interest on shareholders’ equity in the amount of R$0.7623 per share was approved, based on available balances, in the Company’s extraordinary balance sheet dated as at October 31, 2022, and in the Company’s investment reserve, pursuant to the balance sheet dated as at December 31, 2021, which were attributed to the minimum mandatory dividends of the same fiscal year. The interest on the shareholders’ equity distribution was taxed pursuant to the applicable law, which resulted in a net interest on shareholder’s equity distribution of R$0.6480 per Company share in fiscal year 2022. The indicated payment was made on December 29, 2022, considering the shareholding position of December 19, 2022 with respect to B3 S.A. – (“Brasil, Bolsa, Balcão”), and December 21, 2022 with respect to the New York Stock Exchange - NYSE, without any monetary adjustment. Events during the year ended 2021:
Event | Approval | Type | Date of payment | Year | Type of share | Amount per share | Total amount
Board of Directors Meeting | 12/09/2021 | Dividends | 12/30/2021 | 2021 | ON | 0.1334 | 2,099.5
Board of Directors Meeting | 12/09/2021 | Interest on shareholder´s equity | 12/30/2021 | 2021 | ON | 0.4702 | 7,400.1
|  |  | 9,499.6
Distribution of Dividends. In accordance with the recommendation of the Operations, Finance and Compensation Committee at a meeting held on December 7, 2021, a distribution of dividends of R$0.1334 per share was approved, based on available balance and the Company’s extraordinary balance sheet dated as at November 30, 2021 and attributed to the minimum mandatory dividends for the same fiscal year, without income tax withholding in accordance with current legislation. The indicated payment was made on December 30, 2021 considering the shareholding position of December 17, 2021 with respect to B3 S.A. – (“Brasil, Bolsa, Balcão”), and December 21, 2021 with respect to the New York Stock Exchange - NYSE, without any monetary adjustment. Distribution of interest on shareholders’ equity. In accordance with the recommendation of the Operations, Finance and Compensation Committee at a meeting held on December 7, 2021, a distribution of interest on shareholders’ equity of R$0.4702 per share was approved, based on the available balance and the Company’s extraordinary balance sheet dated as at November 30, 2021 and attributed to the minimum mandatory dividends for the same fiscal year. The distribution of interest on shareholder’s equity was taxed pursuant to applicable law, which resulted in a net distribution of interest on shareholder’s equity of R$0.3996 per share. The indicated payment was made on December 30, 2021, considering the shareholding position of December 17, 2021 with respect to B3 S.A. – (“Brasil, Bolsa, Balcão”), and December 21, 2021 with respect to the New York Stock Exchange - NYSE, without any monetary adjustment. Events during the year ended 2020:
Event | Approval | Type | Date of payment | Year | Type of share | Amount per share | Total amount
Board of Directors Meeting | 12/21/2020 | Dividends | 01/28/2021 | 2020 | ON | 0.0767 | 1,206.9
Board of Directors Meeting | 12/09/2020 | Interest on shareholder´s equity | 12/30/2020 | 2020 | ON | 0.4137 | 6,509.5
|  |  | 7,716.4
Schedule of Carrying value adjustments |
Schedule of Carrying value adjustments |  |  |  |  |  |  |  |
| Carrying value adjustments |
| Translation reserves | Cash flow hedge | Actuarial gains/ (losses) | Put option granted on subsidiary | Gains/(losses) of non-controlling interest’s share | Business combination | Accounting adjustments for transactions between shareholders | Total
At January 1, 2020 | 3,583.4 | 645.1 | (1,221.0) | (50.2) | 14.5 | 156.1 | (75,402.4) | (72,274.5)
Comprehensive income: |  |  |  |  |  |  |  |
Gains/(losses) on the translation of foreign operations | 7,493.1 | - | - | - | - | - | - | 7,493.1
Cash flow hedges | - | 99.4 | - | - | - | - | - | 99.4
Actuarial gains/(losses) | - | - | (252.3) | - | - | - | - | (252.3)
Total Comprehensive income | 7,493.1 | 99.4 | (252.3) | - | - | - | - | 7,340.2
Options granted on subsidiaries | - | - | - | 45.2 | (82.6) | - | - | (37.4)
Gains/(losses) of controlling interest | - | - | - | - | 0.4 | - | - | 0.4
Tax on deemed dividends | - | - | - | - | (5.9) | - | - | (5.9)
Reversal of effects of the revaluation of property, plant and equipment based on the predecessor basis of accounting | - | - | - | - | - | - | (11.8) | (11.8)
At December 31, 2020 | 11,076.5 | 744.5 | (1,473.3) | (5.0) | (73.6) | 156.1 | (75,414.2) | (64,989.0)
Comprehensive income: |  |  |  |  |  |  |  |
Gains/(losses) on the translation of foreign operations | 2,449.7 | - | - | - | - | - | - | 2,449.7
Cash flow hedges | - | 480.8 | - | - | - | - | - | 480.8
Actuarial gains/(losses) | - | - | 341.8 | - | - | - | - | 341.8
Total Comprehensive income | 2,449.7 | 480.8 | 341.8 | - | - | - | - | 3,272.3
Options granted on subsidiaries | - | - | - | (1.9) | - | - | - | (1.9)
Gains/(losses) of controlling interest | - | - | - | - | (46.2) | - | - | (46.2)
Tax on deemed dividends | - | - | - | - | (1.7) | - | - | (1.7)
Reversal of effects of the revaluation of property, plant and equipment based on the predecessor basis of accounting | - | - | - | - | - | - | (11.8) | (11.8)
At December 31, 2021 | 13,526.2 | 1,225.3 | (1,131.5) | (6.9) | (121.5) | 156.1 | (75,426.0) | (61,778.3)
Comprehensive income: |  |  |  |  |  |  |  |
Gains/(losses) on the translation of foreign operations | (6,772.2) | - | - | - | - | - | - | (6,772.2)
Cash flow hedges | - | (316.7) | - | - | - | - | - | (316.7)
Actuarial gains/(losses) | - | - | 466.5 | - | - | - | - | 466.5
Total Comprehensive income | (6,772.2) | (316.7) | 466.5 | - | - | - | - | (6,622.4)
Gains/(losses) of controlling interest | - | - | - | - | (2.8) | - | - | (2.8)
Tax on deemed dividends | - | - | - | - | (6.2) | - | - | (6.2)
Reversal of effects of the revaluation of property, plant and equipment based on the predecessor basis of accounting | - | - | - | - | - | - | (11.8) | (11.8)
At December 31, 2022 | 6,754.0 | 908.6 | (665.0) | (6.9) | (130.5) | 156.1 | (75,437.8) | (68,421.5)
Schedule of earnings per share |
Schedule of earnings per share |  |  |  |  |
Million shares | 2022 |  | 2021 |  | 2020
| Common |  | Common |  | Common
Weighted average number of shares at December 31 (i) | 15,741.9 |  | 15,736.9 |  | 15,733.1
Effect of shares options | 106.7 |  | 120.5 |  | 134.5
Weighted average number of shares (diluted) at December 31 | 15,848.6 |  | 15,857.4 |  | 15,867.6
(i) | Not including treasury shares.
Schedule of calculation of earnings per share |
Schedule of calculation of earnings per share |  |  |  |  |
| 2022 |  | 2021 |  | 2020
| Common |  | Common |  | Common
Income attributable to the equity holders of Ambev | 14,457.9 |  | 12,671.0 |  | 11,379.4
Weighted average number of shares (non diluted) | 15,741.9 |  | 15,736.9 |  | 15,733.1
Basic EPS (i) | 0.9184 |  | 0.8052 |  | 0.7233
Income attributable to the equity holders of Ambev | 14,457.9 |  | 12,671.0 |  | 11,379.4
Weighted average numbers of shares (diluted) | 15,848.6 |  | 15,857.5 |  | 15,867.6
Diluted EPS (i) | 0.9123 |  | 0.7991 |  | 0.7171
(i) | Expressed in Brazilian Reais.
Schedule of basis of dividends |
Schedule of basis of dividends |  |  |  |  |
| 2022 |  | 2021 |  | 2020
Net income, attributable to equity holders of Ambev | 14,457.9 |  | 12,671.0 |  | 11,379.4
Prescribed/(complementary) dividends | 20.9 |  | 24.7 |  | 26.1
Reversal of effects of the revaluation of property, plant and equipment based on the predecessor basis of accounting | 11.8 |  | 11.8 |  | 11.8
Effect of application of IAS 29 (hyperinflation) | 3,224.4 |  | 2,063.7 |  | 1,344.9
Retained earnings basis for dividends and destinations | 17,715.0 |  | 14,771.2 |  | 12,762.2
Dividends and interest on capital distributed and accrued for distribution based on the net income for the year |  |  |  |  |
Dividends and interest on capital paid based on profit | 11,999.8 |  | 9,499.6 |  | 7,716.4
Total of dividends and interest on capital | 11,999.8 |  | 9,499.6 |  | 7,716.4
Percentage of distributed profit | 68% |  | 64% |  | 60%

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