Notes to the Balance Sheets of SABMiller plc at 31 March
 
2003 
2002 
 
US$m 
US$m 
(i) Investment in subsidiary undertakings      
Opening balance  
1,947 
1,439 
Additions  
6,965 
1,947 
Disposals  
(3,482)
(1,439)
Closing balance  
5,430 
1,947 
   
Subsidiary companies  
SABMiller Holdings Ltd(1)  
5,178 
1,695 
SAB Ltd(3)  
250 
250 
SAB Management Services Ltd(2)  
South African Breweries Finance(Jersey) Ltd(4)  
— 
— 
South African Breweries Finance(No 2) (Jersey) Ltd(4)  
— 
— 
SAB Finance (Cayman Islands) Ltd(5)  
— 
— 
   

5,430 

1,947 

       
Notes:      
Country of incorporation Principal activity Country of incorporation Principal activity
(1)England Group holding company (3)England Holding company
(2)England Management services to (4)Jersey, Channel Islands Finance company
  fellow group companies (5)Cayman Islands Finance company
       
 
2003 
2002 
 
US$m 
US$m 
(ii) Creditors - amounts falling due within one year      
Amounts owed to group undertakings  
601
577
Other creditors  
13
7
Payroll related creditor  
4
2
Dividends payable to shareholders  
236
156
   

854

742

       
 
2003 
2002 
 
US$m 
US$m 
(iii) Reconciliation of movements in shareholders' funds  
Profit/(loss) for the financial year  
193 
(14)
Dividends declared  
(302)
(206)
   

(109)

(220)

Nominal value of shares issued for theacquisition of  
Miller Brewing Company  
43 
— 
Merger relief reserve arising on shares issued for the  
acquisition of Miller Brewing Company  
3,395 
— 
Profit on redemption of redeemable preference shares  
held in subsidiary company  
— 
390 
Nominal value of shares issued for theacquisition of  
preference shares in South African Breweries  
Finance (Jersey) Ltd  
— 
Net proceeds of ordinary shares issued for cash  
Net increase in shareholders' funds  

3,331 

181 

Shareholders' funds at start of year  
1,677 
 1,496 
Shareholders' funds at end of year  

5,008 

1,677