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Summary of significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2021

The most important exchange rates that have been used in preparing the financial statements are:


	Closing rate						Average rate
1 US dollar equals:	31 December 2021		31 December 2020		31 December 2019		31 December 2021		31 December 2020		31 December 2019
Argentinean peso		102.749214		84.143520		59.890668		—		—		—
Brazilian real		5.580497		5.196694		4.030696		5.368651		5.133082		3.940998
Canadian dollar		1.270792		1.273981		1.299449		1.249693		1.346594		1.329140
Colombian peso		3 977.14		3 438.52		3 272.63		3 741.19		3 689.50		3 305.84
Chinese yuan		6.352382		6.537798		6.961461		6.456753		6.947936		6.886265
Euro		0.882924		0.814930		0.890155		0.841767		0.878101		0.892577
Mexican peso		20.583378		19.948838		18.845242		20.339905		21.182539		19.334915
Pound sterling		0.741903		0.732646		0.757344		0.725564		0.780195		0.784062
Peruvian nuevo sol		3.976006		3.621009		3.317006		3.877055		3.491580		3.346670
South Korean won		1 188.32		1 088.02		1 154.54		1 139.06		1 185.02		1 160.69
South African rand		15.947907		14.686598		14.044287		14.873785		16.213180		14.512975

Summary of Estimated Useful Live of Assets Expected Utility

The estimated useful lives are defined in terms of the asset’s expected utility to the company and can vary from one geographical area to another. On average the estimated useful lives are as follows:


Industrial buildings – other real estate properties			20 - 50 years
Production plant and equipment:
Production equipment			10 - 15 years
Storage, packaging and handling equipment			5 - 7 years
Returnable packaging:
Kegs			2 - 10 years
Crates			2 - 10 years
Bottles			2 - 5 years
Point of sale furniture and equipment			5 years
Vehicles			5 years
Information processing equipment			3 - 10 years