SAB - SABMiller Plc - Altria Financial Data Disclosure
SAB
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SAB - SABMiller Plc - Altria Financial Data Disclosure
SABMiller plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
SABMiller plc
Altria Financial Data Disclosure
23 October 2008
Today, Altria Group, Inc. (Altria) released its results for the fiscal nine
month period and the fiscal quarter ended 30 September 2008. This year, Altria`s
results include a reference to earnings for the quarters and nine month periods
ended 30 September 2008 and 2007 attributable to Altria`s economic and voting
28.5% investment in SABMiller plc, expressed in US GAAP at prevailing exchange
rates.
The amount disclosed for the nine month period ended 30 September 2008 is US$344
million (nine month period ended 30 September 2007: US$392 million).The amount
disclosed for the quarter ended 30 September 2008 is US$54 million (quarter
ended 30 September 2007: US$132 million). Investors should note that these
financial results are derived from management accounts, have not been audited
and may be subject to change. There are a number of differences concerning the
timing of recognition of results as well as differences relating to the
treatment of exceptional items, the impairment of intangible assets not
separately recognised in SABMiller`s IFRS accounts and the definition of the US
GAAP statutory earnings as reported by Altria compared to SABMiller`s results as
reported under IFRS. Due to these differences, the US GAAP results used to
calculate Altria`s share of reported earnings for SABMiller were significantly
below SABMiller`s IFRS results in the quarter ended 30 September 2008.
Date: 23/10/2008 15:30:10 Produced by the JSE SENS Department.
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