RNS Number : 2587A
SABMiller PLC
28 January 2011
 



SABMiller plc                                                                                      

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 assets

 

 

34,744

33,841

 

Current liabilities

 

 

(6,625)

(5,307)

 

Long-term liabilities

 

 

(11,270)

(13,199)

 

Non controlling interests

 

(766)

(672)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement

 

 

For the years ended 31 December 

 

 

 

 

20010

2009

2008

 

 

 

 

US$m

US$m

US$m

 

 

 

 

 

 

 

Net revenues

 

 

18,981

17,020

20,466

Operating profit

 

 

2,821

2,173

2,854

Net earnings

 

 

2,133

1,473

1,635

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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