| Fri 30 Jan 2009, 12:30 | | SAB - SABMiller plc - Altria Financial Data Disclosure |
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SAB - SABMiller plc - Altria Financial Data Disclosure
SABMiller plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
Altria Financial Data Disclosure
30 January 2009
Altria Group, Inc. (Altria) has released its full annual report filing with the
SEC for the fiscal year ended 31 December 2008. Altria`s annual report filing
includes the summary financial disclosures as set out below for the three years
ended 31 December 2008, expressed in US GAAP at prevailing exchange rates, of
which 28.5% is attributable to Altria`s economic and voting investment in
SABMiller plc. These disclosures are required because of the size of Altria`s
investment in SABMiller as a percentage of Altria`s total assets.
Investors should note that the financial disclosures are derived from management
accounts, have not been audited and may be subject to change. In relation to the
US GAAP information disclosed by Altria 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 financial information compared to SABMiller`s financial information as
reported under IFRS.
Summary financial data relating to SABMiller is as follows:
Balance Sheet As at 31 December
2008 2007
US$m US$m
Current assets 4,266 4,225
Long-term assets 30,007 29,803
Current liabilities (5,403) (5,718)
Long-term (12,170) (10,773)
liabilities
Noncontrolling (660) (599)
interests
Income Statement For the years ended 31
December
2008 2007 2006
US$m US$m US$m
Net revenues 20,466 20,825 18,103
Operating profit 2,854 3,230 2,990
Net earnings 1,635 1,865 1,588
Sponsor: JPMorgan
Date: 30/01/2009 12:30:01 Produced by the JSE SENS Department.
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