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SAB
SOSAB
SAB - SABMiller plc - Altria Financial Data Disclosure
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
Altria Financial Data Disclosure
28 January 2011
Altria Group, Inc. (Altria) has released its full annual report filing with
the SEC for the fiscal year ended 31 December 2010. Altria`s annual report
filing includes the summary financial disclosures as set out below for the
three years ended 31 December 2010, expressed in US GAAP at prevailing
exchange rates, of which 27.1% 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 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
2010 2009
US$m US$m
Current assets 4,518 4,495
Long-term 34,744 33,841
assets
Current (6,625) (5,307)
liabilities
Long-term (11,270) (13,199)
liabilities
Non controlling (766) (672)
interests
Income For the years ended 31
Statement December
20010 2009 2008
US$m US$m US$m
Net revenues 18,981 17,020 20,466
Operating 2,821 2,173 2,854
profit
Net earnings 2,133 1,473 1,635
Date: 28/01/2011 11:30:00 Produced by the JSE SENS Department.
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