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Intangible assets
 12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Intangible assets
15.
Intangible assets
 
    
31 December 2021
    
31 December

2020
  
Million US dollar
   
Brands
    
Commercial
intangibles
    
Software
    
Other
    
Total
    
Total
  
Acquisition cost
                                                 
Balance at end of previous year
   
 
39 427
 
  
 
3 031
 
  
 
2 972
 
  
 
455
    
 
45 885
 
  
 
46 108
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Effect of movements in foreign exchange
      (1 017 )      (81 )      (185 )      (6 )      (1 289 )      (789 ) 
Acquisitions through business combinations
      —         —         —         —         —         162  
Acquisitions and expenditures
      21       23       457       259       760       557  
Disposals through sale and derecognition
      (14 )      (22 )      (47 )      (15 )      (98 )      (142 ) 
Disposals through the sale of subsidiaries
      —         —         —         (3 )      (3 )      —    
Transfer (to)/from other asset categories and other movements
1
      (8 )      (119 )      240       (353 )      (240 )      (11 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at end of period
   
 
38 409
 
  
 
2 832
 
  
 
3 437
 
  
 
337
    
 
45 015
 
  
 
45 885
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Amortization and impairment losses
                                                 
Balance at end of previous year
   
 
(41
) 
  
 
(2 072
) 
  
 
(2 181
) 
  
 
(64
) 
  
 
(4 358
) 
  
 
(3 656
) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Effect of movements in foreign exchange
      —         62       128       2       192       (16 ) 
Amortization
      —         (218 )      (377 )      (49 )      (644 )      (715 ) 
Impairment
      (23 )      —         (1 )      (153 )      (176 )      (165 ) 
Disposals through sale and derecognition
      2       19       46       6       73       62  
Disposals through the sale of subsidiaries
      —         —         —         3       3       —    
Transfer to/(from) other asset categories and other movements
1
      (27 )      127       4       222       326       132  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at end of period
   
 
(89
) 
  
 
(2 082
) 
  
 
(2 381
) 
  
 
(33
) 
  
 
(4 585
) 
  
 
(4 358
) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Carrying value
                                                 
at 31 December 2020
   
 
39 386
 
  
 
959
    
 
791
    
 
391
    
 
41 527
 
  
 
41 527
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
at 31 December 2021
   
 
38 320
 
  
 
750
    
 
1 056
 
  
 
304
    
 
40 430
 
        
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
          
During 2021, the company recognized (176)m US dollar impairment on intangibles associated with Bedford Systems, a
70
%-owned subsidiary of the company and joint venture with Keurig Dr. Pepper, following the announcement of the cessation of the business in December 2021 (31 December 2020: (165)m US dollar) - refer to Note 8
Exceptional items.
AB InBev is the owner of some of the world’s most valuable brands in the beer industry. As a result, brands and certain distribution rights are expected to generate positive cash flows for as long as the company owns the brands and distribution rights. Given AB InBev’s more than
600-year
history, brands and certain distribution rights have been assigned indefinite lives.
Acquisitions and expenditures of commercial intangibles mainly represent supply and distribution rights, exclusive multi-year sponsorship rights and other commercial intangibles.
Intangible assets with indefinite useful lives are comprised primarily of brands and certain distribution rights that AB InBev purchased for its own products and are tested for impairment during the fourth quarter of the year or whenever a triggering event has occurred. Based on the impairment testing results, no impairment loss was allocated to intangible assets with indefinite useful lives – refer to Note 14
Goodwill
.
As at 31 December 2021, the carrying amount of the intangible assets amounted to
40 430
m US dollar (31 December 2020:
41 527
m US dollar) of which
38 320
m US dollar was assigned an indefinite useful life (31 December 2020:
39 395
m US dollar) and
2 110
m US dollar a finite life (31 December 2020:
2 132
m US dollar).
 
 
1
The transfer (to)/from other asset categories and other movements mainly relates to transfers from assets under construction to their respective asset categories, to contributions of assets to pension plans, to the separate presentation in the balance sheet of intangible assets 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
.
Million US dollar
              
Cash-generating unit
   
2021
     
2020
  
United States
      22 129        22 172  
Rest of North America
      42        42  
Mexico
      2 977        3 067  
Colombia
      2 870        3 320  
Rest of Middle Americas
      3 432        3 655  
Brazil
      —          1  
Rest of South America
      724        681  
Europe
      452        461  
South Africa
      3 029        3 289  
Rest of Africa
      1 112        1 068  
China
      440        427  
Rest of Asia Pacific
      1 113        1 212  
    
 
 
     
 
 
  
Total carrying amount of intangible assets with indefinite useful lives
   
 
38 320
     
 
39 395