SAB - SABMiller plc - Altria Financial Data Disclosure
SAB
SOSAB
SAB - SABMiller plc - Altria Financial Data Disclosure
SABMiller plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
Altria Financial Data Disclosure
29 January 2009
Today, Altria Group, Inc. (Altria) released its results for the fiscal year and
the fiscal quarter ended 31 December 2008. This year, Altria`s results include a
reference to earnings for the quarters and twelve month periods ended 31
December 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 year ended 31 December 2008 is US$467 million (year
ended 31 December 2007: US$510 million). The amount disclosed for the quarter
ended 31 December 2008 is US$123 million (quarter ended 31 December 2007: US$118
million). No further analysis of earnings has been disclosed. 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 accounting for the formation of the
MillerCoors joint venture, 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 year ended 31 December 2008.
Date: 29/01/2009 15:45:02 Produced by the JSE SENS Department.
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