Highlights  
 
Restructuring of Czech businesses delivers
  improvements ahead of expectations
  • An important pan-African strategic alliance created
  with the Castel group
• Six new acquisitions in China
2001 
2000 
                % change
US$m 
US$m 
US$ 
£ 

FINANCIAL RESULTS
4,184 
5,424 
Turnover
4,184 
4,299 
(3)
– continuing operations
700 
768 
Trading profit        
– continuing operations before
   exceptionals*
700 
731 
(4)
Profit before tax
646 
764 
– continuing operations before
   exceptionals*
646 
691 
(7)
Adjusted earnings
379 
426 
(11)
(3)

ORDINARY SHARE PERFORMANCE
(per share)
 
Adjusted earnings
– US cents
54.4 
56.6 
(4)
– SA cents (up 15%)
399.2 
348.4 
Dividends per share (US cents)
25.0 
25.0 
– 
Net asset value (US cents)
271.0 
279.3 
(3)

FINANCIAL STATISTICS    
Market capitalisation    
– London Stock Exchange (£m)
3,542 
3,775 
   
– JSE Securities Exchange (Rm)
40,687 
38,713 
   
Financial gearing    
– Gross borrowings to EBITDA (times)
1.2 
0.7 
   
Net interest cover (times)
13.0 
9.9 
   

*Note: Turnover, trading profit and profit before tax represent continuing operations before exceptional items. There are no exceptional items in the current year. In the prior year, exceptional items comprised profit on sale of PGSI (US$76 million) and brewery closure costs in SAB International (US$11 million). Continuing operations exclude PGSI in the prior year. Adjusted earnings also exclude goodwill amortisation. Percentages expressed in terms of £ sterling movements are given in order to aid comparability with other FTSE companies.