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v3.22.0.1

Consolidated Income Statement - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
Profit or loss [abstract] |  |  |  |
Revenue | $ 54,304 | $ 46,881 | $ 52,329 |
Cost of sales | (23,097) | (19,634) | (20,362) |
Gross profit | 31,207 | 27,247 | 31,967 |
Distribution expenses | (5,889) | (5,104) | (5,525) |
Sales and marketing expenses | (7,292) | (6,861) | (7,348) |
Administrative expenses | (4,394) | (3,404) | (3,548) |
Other operating income/(expenses) | 805 | 845 | 875 |
COVID-19 costs | (105) | (182) |  |
Restructuring | (172) | (157) | (170) |
Business and asset disposal (including impairment losses) | (247) | (239) | (50) |
Acquisition costs business combinations | (17) | (25) | (23) |
Zenzele Kabili costs | (72) |  |  |
Impairment of goodwill |  | (2,500) |  |
Brazil state tax regularization program |  |  | (74) |
Cost related to public offering of minority stake in Budweiser APAC |  |  | (6) |
Profit from operations | 13,824 | 9,620 | 16,098 |
Finance cost | (6,040) | (8,419) | (5,993) |
Finance income | 431 | 722 | 2,519 |
Net finance income/(cost) | (5,609) | (7,697) | (3,473) |
Share of result of associates and joint ventures | 248 | 156 | 152 |
Profit before tax | 8,463 | 2,079 | 12,776 |
Income tax expense | (2,350) | (1,932) | (2,786) |
Profit from continuing operations | 6,114 | 147 | 9,990 | [1]
Profit from discontinued operations | 0 | 2,055 | 424 |
Profit of the period | 6,114 | 2,202 | 10,414 |
Profit/(loss) from continuing operations attributable to: |  |  |  |
Equity holders of AB InBev | 4,670 | (650) | 8,748 |
Non-controlling interest | 1,444 | 797 | 1,243 |
Profit of the period attributable to: |  |  |  |
Equity holders of AB InBev | 4,670 | 1,405 | 9,171 |
Non-controlling interest | $ 1,444 | $ 797 | $ 1,243 |
Basic earnings per share | $ 2.33 | $ 0.70 | $ 4.62 |
Diluted earnings per share | 2.28 | 0.69 | 4.53 |
Basic earnings per share from continuing operations | 2.33 | (0.33) | 4.41 |
Diluted earnings per share from continuing operations | $ 2.28 | $ (0.33) | $ 4.32 |
[1] | The consolidated statement of cash flows for 2019 has been restated to include operating, investing and financing activities from discontinued operations separately in the cashflow statement. In addition, the 2019 cash flow from investing activities has been restated to reflect reclassification of the cash flow hedges in relation to the Australia divestiture reported in the financing activities in 2019 and recycled to profit or loss upon the completion of the transaction.

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- Definition The profit (loss) from discontinued operations. [Refer: Discontinued operations [member]; Profit (loss)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 5 -IssueDate 2021-01-01 -Paragraph 33 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=5&code=ifrs-tx-2021-en-r&anchor=para_33_a&doctype=Standard -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2021-01-01 -Paragraph B12 -Subparagraph b -Clause vii -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2021-en-r&anchor=para_B12_b_vii&doctype=Appendix&subtype=B -URIDate 2021-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 82 -Subparagraph ea -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_82_ea&doctype=Standard -URIDate 2021-03-24 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 98 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_98_e&doctype=Standard -URIDate 2021-03-24 + Details
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