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Investments in associates | 12 Months Ended
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Dec. 31, 2023
Investments accounted for using equity method [abstract] |
Investments in associates | 16. Investments in associates A reconciliation of the summarized financial information to the carrying amount of the company’s interests in material associates is as follows:
|  | 2023 |  |  |  |  |  | 2022 |
Million US dollar |  | Castel |  |  | Anadolu Efes |  |  |  |  |  | AB InBev Efes |  |  | Castel |  |  | Anadolu Efes |
Balance at 1 January |  |  | 3 293 |  |  |  | 171 |  |  |  |  |  |  |  | 1 143 |  |  |  | 3 400 |  |  |  | 201 |
Effect of movements in foreign exchange |  |  | 107 |  |  |  | (63) |  |  |  |  |  |  |  | - |  |  |  | (172) |  |  |  | (57) |
Dividends received |  |  | (22) |  |  |  | (10) |  |  |  |  |  |  |  | - |  |  |  | (87) |  |  |  | (14) |
Share of results of associates |  |  | 104 |  |  |  | 66 |  |  |  |  |  |  |  | - |  |  |  | 152 |  |  |  | 41 |
Exceptional share of results of associates |  |  | - |  |  |  | - |  |  |  |  |  |  |  | (1 143) |  |  |  | - |  |  |  | - |
Balance at 31 December |  |  | 3 482 |  |  |  | 164 |  |  |  |  |  |  |  | - |  |  |  | 3 293 |  |  |  | 171 |
Summarized financial information of the company’s material associates is as follows:
|  | 2023 |  |  |  |  | 2022 |
Million US dollar |  | Castel |  |  | Anadolu Efes |  |  |  |  | Castel |  |  | Anadolu Efes |
Current assets |  |  | 3 854 |  |  |  | 3 028 |  |  |  |  |  | 3 399 |  |  |  | 2 973 |
Non-current assets |  |  | 4 168 |  |  |  | 3 590 |  |  |  |  |  | 3 679 |  |  |  | 4 654 |
Current liabilities |  |  | (2 012) |  |  |  | (2 462) |  |  |  |  |  | (1 803) |  |  |  | (2 581) |
Non-current liabilities |  |  | (540) |  |  |  | (1 408) |  |  |  |  |  | (439) |  |  |  | (1 767) |
Non-controlling interests |  |  | (647) |  |  |  | (1 457) |  |  |  |  |  | (564) |  |  |  | (1 789) |
Net assets¹ |  |  | 4 823 |  |  |  | 1 291 |  |  |  |  |  | 4 272 |  |  |  | 1 490 |
1 The net assets are converted at the respective closing rates of December.
Revenue |  |  | 5 273 |  |  |  | 4 561 |  |  |  |  |  | 4 942 |  |  |  | 4 222 |
Profit (loss) |  |  | 585 |  |  |  | 481 |  |  |  |  |  | 767 |  |  |  | 287 |
Other comprehensive income (loss) |  |  | 83 |  |  |  | 212 |  |  |  |  |  | 74 |  |  |  | 1 503 |
Total comprehensive income (loss) |  |  | 668 |  |  |  | 693 |  |  |  |  |  | 841 |  |  |  | 1 790 |
In 2022, the company reported a (1 143)m US dollar exceptional share of results of associates related to its investment in AB InBev Efes (Refer to Note 8 Exceptional items) . As of 31 December 2023, the investment in AB InBev Efes remains classified as non-current asset held for sale. In 2023, associates that are not individually material contributed 126m US dollar to the results of investment in associates (31 December 2022: 106m US dollar; 31 December 2021: 90m US dollar). Additional information related to the significant associates is presented in Note 34 AB InBev Companies .

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