Related parties

12 Months Ended

Dec. 31, 2023

31. Related parties

TRANSACTIONS WITH DIRECTORS AND EXECUTIVE COMMITTEE MEMBERS (KEY MANAGEMENT PERSONNEL)

AB InBev’s Executive Committee members’ compensation consists of short-term employee benefits (primarily salaries) and post-employment benefits from pension plans of their respective country – see also Note 23

Pensions and similar obligations

. Key management personnel are also eligible for the company’s share option, restricted stock and other share-based programs (see Note 24

Share-based Payments

). Total directors and Executive Committee compensation included in the income statement can be detailed as follows:


	2023				2022				2021

Million US dollar	Directors		Executive Committee		Directors		Executive Committee		Directors		Executive Committee
Short-term employee benefits		2		12		2		15		2		24
Termination benefits		-		-		-		-		-		-
Share-based payment		-		46		-		35		-		33
		2		58		2		50		2		57

Directors’ compensation consists mainly of directors’ fees.

During 2023, AB InBev entered into the following transactions:

●

The lease of commercial premises and the acquisition of natural gas from and the sale of malt-based beverages and beer to companies in which one of the company’s Board Member had a significant influence as of 31 December 2023. The transactions happened mainly through AB In

Bev’s subsidiary Bavaria S.A. for an aggregated consideration of approximately

m US dollar (31 December 2022:

m US dollar; 31 December

2021:

m US dollar). The outstanding balance of these transactions as of 31 December 2023 amounts to

m US dollar (31 December 2022:

m US dollar).

In 2021, the company acquired, through

Grupo Modelo and its subsidiaries

, information technology and infrastructure services for a consideration of approximately

m US dollar from a company in which one of the company’s Board Member had significant influence. In 2022 and 2023, there were

such transactions.

JOINTLY CONTROLLED ENTITIES

Interests in joint ventures include three entities in Brazil, one in Mexico and one in Canada. None of these joint ventures are material to the company.

TRANSACTIONS WITH ASSOCIATES

Significant interests in associates are shown in note 16

Investments in associates

. AB InBev’s transactions with associates were as follows:



Million US dollar	2023			2022			2021
.
Gross profit		(233	)		(4	)		58
Current assets		108			100			57
Current liabilities		9			16			99

TRANSACTIONS WITH PENSION PLANS

AB InBev’s transactions with pension plans mainly comprise (13)m US dollar other expense to pension plans in the US in 2023 (2022: (12)m US dollar; 2021: (12)m US dollar).