RNS Number : 5257M
SABMiller PLC
30 January 2009
 




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 liabilities

 

 

(12,170)

(10,773)

 

Non controlling interests

 

   (660) 

   (599) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 





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