RNS Number : 8962Y
SABMiller PLC
30 January 2014
 



SABMiller plc                                                                                    

Altria Financial Data Disclosure

 

30 January 2014

 

Today, Altria Group, Inc. (Altria) has released its results for the fiscal year and the fiscal quarter ended 31 December 2013. Altria's results include a reference to earnings for the quarters and twelve-month periods ended 31 December 2013 and 2012 from Altria's 26.8% economic and voting investment in SABMiller plc, expressed in US GAAP at prevailing exchange rates.

 

The amount disclosed for the year ended 31 December 2013 is US$991 million (year ended 31 December 2012: US$1,224 million). The amount disclosed for the quarter ended 31 December 2013 is US$253 million (quarter ended 31 December 2012: US$251 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 accounting treatment of share-based payments, exceptional items, the definition of the US GAAP statutory earnings as reported by Altria compared with SABMiller's results as reported under IFRS, as well as the inclusion within Altria's earnings of gains on the dilution of Altria's investment in SABMiller following the issue of new SABMiller shares pursuant to share option exercises.

 

John Davidson

General Counsel and Group Company Secretary

 

30 January 2014

 


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