 |
|
|
|
| |
|
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) |
|
2 |
2 |
| South African Breweries Finance(Jersey) Ltd(4) |
|
— |
— |
| South African Breweries Finance(No 2) (Jersey) Ltd(4) |
|
— |
— |
| SAB Finance (Cayman Islands) Ltd(5) |
|
— |
— |
| |
|
|
|
| |
|
|
|
| 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 |
| |
|
|
|
| |
|
|
|
|
|
|
|
| |
|
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) |
| |
|
|
|
| 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 |
|
— |
7 |
| Net proceeds of ordinary shares issued for cash |
|
2 |
4 |
| Net increase in shareholders' funds |
|
|
|
| Shareholders' funds at start of year |
|
1,677 |
1,496 |
| Shareholders' funds at end of year |
|
|
|
