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Non-controlling interests
 12 Months Ended
Dec. 31, 2023
Text block [abstract]  
Non-controlling interests
30.
Non-controlling interests
As at 31 December 2023 and 2022, material non-controlling interests relate to Ambev, a Brazilian listed subsidiary in which AB InBev has 61.76% ownership, and Budweiser APAC, an Asia Pacific listed subsidiary in which AB InBev has 87.22% ownership. The tables below provide summarized information derived from the consolidated financial statements of Ambev and Budweiser APAC as of 31 December 2023, 2022 and 2021, in accordance with IFRS.

Summarized financial information of Ambev and Budweiser APAC, in which the company has material non-controlling interests, is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Ambev
 
  
Budweiser APAC
 
Million US dollar
  
31 December
2023
 
  
31 December
2022
 
  
31 December
2023
 
  
31 December
2022
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Summarized statement of financial position information
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Current assets
  
 
7 552
  
  
 
7 248
  
  
 
4 259
  
  
 
3 606
  
Non-current assets
  
 
19 846
  
  
 
19 193
  
  
 
11 975
  
  
 
12 390
  
Current liabilities
  
 
8 470
  
  
 
7 770
  
  
 
4 649
  
  
 
4 414
  
Non-current liabilities
  
 
2 374
  
  
 
2 700
  
  
 
735
  
  
 
748
  
Equity attributable to equity holders
  
 
16 312
  
  
 
15 707
  
  
 
10 785
  
  
 
10 765
  
Non-controlling interests
  
 
242
  
  
 
263
  
  
 
65
  
  
 
69
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Ambev
 
  
Budweiser APAC
 
 Million US dollar
  
 2023 
 
  
 2022 
 
  
 2021 
 
  
 2023 
 
  
 2022 
 
  
 2021 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Summarized income statement and other comprehensive income information
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Revenue
  
 
15 920
  
  
 
15 434
  
  
 
13 570
  
  
 
6 856
  
  
 
6 478
  
  
 
6 788
  
Net income
  
 
2 987
  
  
 
2 883
  
  
 
2 444
  
  
 
880
  
  
 
949
  
  
 
981
  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Attributable to:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Equity holders
  
 
2 895
  
  
 
2 800
  
  
 
2 360
  
  
 
852
  
  
 
913
  
  
 
950
  
Non-controlling interests
  
 
92
  
  
 
84
  
  
 
84
  
  
 
28
  
  
 
36
  
  
 
31
  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Net income
  
 
2 987
  
  
 
2 883
  
  
 
2 444
  
  
 
880
  
  
 
949
  
  
 
981
  
Other comprehensive income
  
 
(1 909
) 
  
 
(1 300
) 
  
 
629
  
  
 
(286
) 
  
 
(812
) 
  
 
(289
) 
Total comprehensive income
  
 
1 078
  
  
 
1 584
  
  
 
3 074
  
  
 
594
  
  
 
137
  
  
 
692
  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Attributable to:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Equity holders
  
 
1 011
  
  
 
1 517
  
  
 
2 970
  
  
 
567
  
  
 
105
  
  
 
660
  
Non-controlling interests
  
 
67
  
  
 
67
  
  
 
104
  
  
 
27
  
  
 
32
  
  
 
32
  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Summarized cash flow information
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Cash flow from operating activities
  
 
4 934
  
  
 
3 997
  
  
 
4 266
  
  
 
1 811
  
  
 
1 577
  
  
 
1 903
  
Cash flow from investing activities
  
 
(1 151
) 
  
 
(969
) 
  
 
(1 441
) 
  
 
(447
) 
  
 
(440
) 
  
 
(731
) 
Cash flow from financing activities
  
 
(3 218
) 
  
 
(3 164
) 
  
 
(2 988
) 
  
 
(621
) 
  
 
(500
) 
  
 
(464
) 
Net increase/(decrease) in cash and cash equivalents
  
 
565
 
  
 
(136
) 
  
 
(163
) 
  
 
743
 
  
 
637
 
  
 
708
 
Dividends paid by Ambev and its subsidiaries to non-controlling interests (i.e., to entities outside the AB InBev Group) amounted to 1.0 billion US dollar, 1.0 billion US dollar and 0.8 billion US dollar for 2023, 2022 and 2021, respectively. In 2023, Budweiser APAC and its subsidiaries paid a final dividend related to the financial year 2022 to non-controlling interests amounting to 94m US dollar (2022: 83m US dollar; 2021: 67m US dollar).
Other non-controlling interests not deemed individually material by the company mainly related to the company’s operations in Africa in association with the Castel Group (e.g., Botswana, Ghana, Mozambique, Nigeria, Tanzania, Uganda and Zambia), as well as non-controlling interests in US-based metal container operations from Apollo Global Management, Inc. (“Apollo”) and non-controlling interests recognized in respect of the company’s subsidiaries in Colombia, Ecuador and Peru.