RNS Number : 9242Y
SABMiller PLC
31 January 2014
 



 

RNS announcement

 

31 January 2014

 

Altria Group, Inc. (Altria) has released its full annual report filing with the SEC for the fiscal year ended 31 December 2013. Altria's annual report filing includes the summary financial disclosures relating to SABMiller plc as set out below for the three years ended 31 December 2013, expressed in US GAAP at prevailing exchange rates, of which 26.8% 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 accounting treatment of share-based payments, exceptional items and the definition of the US GAAP statutory financial information compared with SABMiller's financial information as reported under IFRS. 

 

Summary financial data relating to SABMiller is as follows:

 

 

Balance Sheet

 

 

As at 31 December

 

 

 

 

 

2013

2012

 

 

 

 

 

US$m

US$m

 

 

 

 

 

 

 

 

Current assets

 

 

5,833

5,742

 

Long-term assets

 

 

48,460

51,733

 

Current liabilities

 

 

(8,177)

(8,944)

 

Long-term liabilities

 

 

(20,315)

(22,000)

 

Non-controlling interests

 

(1,202)

(1,105)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement

 

 

For the years ended 31 December 

 

 

 

 

2013

2012

2011

 

 

 

 

US$m

US$m

US$m

 

 

 

 

 

 

 

Net revenues

 

 

22,684

23,449

20,780

Operating profit

 

 

4,201

5,243

3,603

Net earnings

 

 

3,375

4,362

2,596

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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