Altria Financial Data Disclosure
Today, Altria Group, Inc. (Altria) has released its results for the fiscal year and the fiscal quarter ended 31 December 2011. Altria's results include a reference to earnings for the quarters and twelve month periods ended 31 December 2011 and 2010 from Altria's 27.0% economic and voting investment in SABMiller plc, expressed in US GAAP at prevailing exchange rates.
The amount disclosed for the year ended 31 December 2011 is US$730 million (year ended 31 December 2010: US$628 million). The amount disclosed for the quarter ended 31 December 2011 is US$178 million (quarter ended 31 December 2010: US$191 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 hedged items, exceptional items, and the definition of the US GAAP statutory earnings as reported by Altria compared to 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.
General Counsel and Group Company Secretary
27 January 2012