v3.22.4
CHANGES IN EQUITY (Tables)
 12 Months Ended
Dec. 31, 2022
Changes In Equity  
Schedule of issued capital
               
    2022     2021     2020
  Million common shares Million Reais   Million common shares Million Reais   Million common shares Million Reais
Beginning balance  15,744.4   58,042.5     15,735.1   57,899.1     15,733.6   57,866.8 
Capital increase (i)   5.8   88.0     9.3   143.4     1.5   32.3 
Final balance (ii)  15,750.2   58,130.5     15,744.4   58,042.5     15,735.1   57,899.1 

 

(i) Capital increase related to the issue of shares.

 

(ii) The capital stock is fully subscribed and paid up.
Schedule of capital reserves
         
  Capital Reserves   
  Treasury shares  Share Premium  Other capital reserves  Share-based Payments   Total 
           
At January 1, 2020 (955.2) 53,662.8  700.9  1,403.0  54,811.5 
Capital Increase                              -                                 -                                 -    (32.3) (32.3)
Purchases of shares, results of treasury shares and share-based payments 13.5                               -                                 -    192.9  206.4 
At December 31, 2020  (941.7)  53,662.8   700.9   1,563.6   54,985.6 
Capital Increase  (60.0)  -     -     (74.4)  (134.4)
Purchases of shares, results of treasury shares and share-based payments  (36.1)  -     -     372.1   336.0 
At December 31, 2021  (1,037.8)  53,662.8   700.9   1,861.3   55,187.2 
Capital Increase  -     -     -     (64.2)  (64.2)
Purchases of shares, results of treasury shares and share-based payments  (35.6)  -     -     252.4   216.8 
At December 31, 2022  (1,073.4)  53,662.8   700.9   2,049.5   55,339.8 
Schedule of treasury shares
             
  Acquisition /realization of shares   Result of Treasury Shares   Total Treasury Shares
  Million shares   Million Brazilian Reais   Million shares   Million Brazilian Reais
At January 1, 2020  3.6     (68.2)    (887.0)    (955.2)
Changes during the year  (3.4)    65.0     (51.5)    13.5 
At December 31, 2020  0.2     (3.2)    (938.5)    (941.7)
Changes during the year  5.6     (95.1)    (1.0)    (96.1)
At December 31, 2021  5.8     (98.3)    (939.5)    (1,037.8)
Changes during the year  2.7     (33.5)    (2.1)    (35.6)
At December 31, 2022  8.5     (131.8)    (941.6)    (1,073.4)
Schedule of net income reserves
       
  Net income reserves
  Investments reserve  Legal reserve   Fiscal incentive  Total
At January 1, 2020  10,798.1   4.5   10,071.6   20,874.2 
Fiscal incentive reserve   -     -     1,332.8   1,332.8 
Investments reserve   3,713.0   -     -     3,713.0 
At December 31, 2020   14,511.1   4.5   11,404.4   25,920.0 
Fiscal incentive reserve   -     -     1,423.5   1,423.5 
Investments reserve   3,848.1   -     -     3,848.1 
At December 31, 2021   18,359.2   4.5   12,827.9   31,191.6 
Fiscal incentive reserve   -     -     2,018.7   2,018.7 
Investments reserve   3,696.7   -     -     3,696.7 
At December 31, 2022   22,055.9   4.5   14,846.6   36,907.0 
Schedule of interest on shareholders' equity and dividends
             
Event Approval Type Date of payment Year Type of share Amount per share Total amount
Board of Directors Meeting 6/12/2022 Interest on shareholder´s equity 12/29/2022 2022 ON 0.7623  11,999.8 
       11,999.8 

 

Distribution of interest on shareholders’ equity. In accordance with the Operations and Finance Committee recommendation at the meeting held on December 5, 2022, a distribution of interest on shareholders’ equity in the amount of R$0.7623 per share was approved, based on available balances, in the Company’s extraordinary balance sheet dated as at October 31, 2022, and in the Company’s investment reserve, pursuant to the balance sheet dated as at December 31, 2021, which were attributed to the minimum mandatory dividends of the same fiscal year. The interest on the shareholders’ equity distribution was taxed pursuant to the applicable law, which resulted in a net interest on shareholder’s equity distribution of R$0.6480 per Company share in fiscal year 2022.

 

The indicated payment was made on December 29, 2022, considering the shareholding position of December 19, 2022 with respect to B3 S.A. – (“Brasil, Bolsa, Balcão”), and December 21, 2022 with respect to the New York Stock Exchange - NYSE, without any monetary adjustment.

 

Events during the year ended 2021:

 

Event Approval Type Date of payment Year Type of share Amount per share Total amount
Board of Directors Meeting 12/09/2021 Dividends 12/30/2021 2021 ON 0.1334  2,099.5 
Board of Directors Meeting 12/09/2021 Interest on shareholder´s equity 12/30/2021 2021 ON 0.4702  7,400.1 
       9,499.6 

 

Distribution of Dividends. In accordance with the recommendation of the Operations, Finance and Compensation Committee at a meeting held on December 7, 2021, a distribution of dividends of R$0.1334 per share was approved, based on available balance and the Company’s extraordinary balance sheet dated as at November 30, 2021 and attributed to the minimum mandatory dividends for the same fiscal year, without income tax withholding in accordance with current legislation.

 

The indicated payment was made on December 30, 2021 considering the shareholding position of December 17, 2021 with respect to B3 S.A. – (“Brasil, Bolsa, Balcão”), and December 21, 2021 with respect to the New York Stock Exchange - NYSE, without any monetary adjustment.

 

Distribution of interest on shareholders’ equity. In accordance with the recommendation of the Operations, Finance and Compensation Committee at a meeting held on December 7, 2021, a distribution of interest on shareholders’ equity of R$0.4702 per share was approved, based on the available balance and the Company’s extraordinary balance sheet dated as at November 30, 2021 and attributed to the minimum mandatory dividends for the same fiscal year. The distribution of interest on shareholder’s equity was taxed pursuant to applicable law, which resulted in a net distribution of interest on shareholder’s equity of R$0.3996 per share.

 

The indicated payment was made on December 30, 2021, considering the shareholding position of December 17, 2021 with respect to B3 S.A. – (“Brasil, Bolsa, Balcão”), and December 21, 2021 with respect to the New York Stock Exchange - NYSE, without any monetary adjustment.

 

Events during the year ended 2020:

 

Event Approval Type Date of payment Year Type of share Amount per share Total amount
Board of Directors Meeting 12/21/2020 Dividends 01/28/2021 2020 ON 0.0767  1,206.9 
Board of Directors Meeting 12/09/2020 Interest on shareholder´s equity 12/30/2020 2020 ON 0.4137  6,509.5 
       7,716.4 
Schedule of Carrying value adjustments
               
  Carrying value adjustments  
  Translation reserves Cash flow hedge Actuarial gains/ (losses) Put option granted on subsidiary Gains/(losses) of non-controlling interest’s share Business combination Accounting adjustments for transactions between shareholders Total
         
At January 1, 2020  3,583.4   645.1   (1,221.0)  (50.2)  14.5   156.1   (75,402.4)  (72,274.5)
Comprehensive income:                
Gains/(losses) on the translation of foreign operations  7,493.1   -     -     -     -     -     -     7,493.1 
Cash flow hedges  -     99.4   -     -     -     -     -     99.4 
Actuarial gains/(losses)  -     -     (252.3)  -     -     -     -     (252.3)
Total Comprehensive income   7,493.1   99.4   (252.3)  -     -     -     -     7,340.2 
Options granted on subsidiaries  -     -     -     45.2   (82.6)  -     -     (37.4)
Gains/(losses) of controlling interest  -     -     -     -     0.4   -     -     0.4 
Tax on deemed dividends  -     -     -     -     (5.9)  -     -     (5.9)
Reversal of effects of the revaluation of property, plant and equipment based on the predecessor basis of accounting  -     -     -     -     -     -     (11.8)  (11.8)
At December 31, 2020  11,076.5   744.5   (1,473.3)  (5.0)  (73.6)  156.1   (75,414.2)  (64,989.0)
Comprehensive income:                
Gains/(losses) on the translation of foreign operations  2,449.7   -     -     -     -     -     -     2,449.7 
Cash flow hedges  -     480.8   -     -     -     -     -     480.8 
Actuarial gains/(losses)  -     -     341.8   -     -     -     -     341.8 
Total Comprehensive income   2,449.7   480.8   341.8   -     -     -     -     3,272.3 
Options granted on subsidiaries  -     -     -     (1.9)  -     -     -     (1.9)
Gains/(losses) of controlling interest  -     -     -     -     (46.2)  -     -     (46.2)
Tax on deemed dividends  -     -     -     -     (1.7)  -     -     (1.7)
Reversal of effects of the revaluation of property, plant and equipment based on the predecessor basis of accounting  -     -     -     -     -     -     (11.8)  (11.8)
At December 31, 2021  13,526.2   1,225.3   (1,131.5)  (6.9)  (121.5)  156.1   (75,426.0)  (61,778.3)
Comprehensive income:                
Gains/(losses) on the translation of foreign operations  (6,772.2)  -     -     -     -     -     -     (6,772.2)
Cash flow hedges  -     (316.7)  -     -     -     -     -     (316.7)
Actuarial gains/(losses)  -     -     466.5   -     -     -     -     466.5 
Total Comprehensive income   (6,772.2)  (316.7)  466.5   -     -     -     -     (6,622.4)
Gains/(losses) of controlling interest  -     -     -     -     (2.8)  -     -     (2.8)
Tax on deemed dividends  -     -     -     -     (6.2)  -     -     (6.2)
Reversal of effects of the revaluation of property, plant and equipment based on the predecessor basis of accounting  -     -     -     -     -     -     (11.8)  (11.8)
At December 31, 2022  6,754.0   908.6   (665.0)  (6.9)  (130.5)  156.1   (75,437.8)  (68,421.5)
Schedule of earnings per share
         
Million shares 2022   2021   2020
  Common   Common   Common
         
Weighted average number of shares at December 31 (i)  15,741.9     15,736.9     15,733.1 
Effect of shares options  106.7     120.5     134.5 
Weighted average number of shares (diluted) at December 31  15,848.6     15,857.4     15,867.6 

 

(i) Not including treasury shares.
Schedule of calculation of earnings per share
         
  2022   2021   2020
  Common   Common   Common
 
Income attributable to the equity holders of Ambev   14,457.9     12,671.0     11,379.4 
 Weighted average number of shares (non diluted)  15,741.9     15,736.9     15,733.1 
 Basic EPS (i)  0.9184    0.8052    0.7233 
 
 
Income attributable to the equity holders of Ambev   14,457.9     12,671.0     11,379.4 
 Weighted average numbers of shares (diluted)   15,848.6     15,857.5     15,867.6 
 Diluted EPS (i)  0.9123    0.7991    0.7171 

 

(i) Expressed in Brazilian Reais.
Schedule of basis of dividends
         
  2022   2021   2020
Net income, attributable to equity holders of Ambev  14,457.9     12,671.0     11,379.4 
Prescribed/(complementary) dividends  20.9     24.7     26.1 
Reversal of effects of the revaluation of property, plant and equipment based on the predecessor basis of accounting  11.8     11.8     11.8 
Effect of application of IAS 29 (hyperinflation)  3,224.4     2,063.7     1,344.9 
Retained earnings basis for dividends and destinations  17,715.0     14,771.2     12,762.2 
 
Dividends and interest on capital distributed and accrued for distribution based on the net income for the year          
Dividends and interest on capital paid based on profit  11,999.8     9,499.6     7,716.4 
Total of dividends and interest on capital   11,999.8     9,499.6     7,716.4 
Percentage of distributed profit 68%   64%   60%