Principal Associated Undertakings
Associated Undertakings
The principal associated undertakings of the group, as at 31 March, were as set out below. Where the group’s interest in an associated undertaking is held by a subsidiary undertaking which is not wholly-owned by the group, the subsidiary undertaking is indicated in a note below.
     
Effective
     
interest in
     
ordinary
  Country of  
share capital
Name incorporation Principal activity
2003 
2002 
African operations        
Delta Corporation Ltd(1)(2) Zimbabwe Brewing/CSDs
17% 
16% 
Kenya Breweries Ltd(2)(3) Kenya Brewing 12%  – 
Société des Brasseries et      
  Glacières Internationales France Holding company 20%  20% 
Brasseries Internationales Holding Ltd Gibraltar Holding company 20%  20% 
       
Asian operations      
China Resources Breweries Ltd, which holds      
the following subsidiary undertakings: British Virgin Islands Holding company
49% 
49% 
China Resources (Anhui) Brewery Co Ltd(4) China Brewing
49% 
49% 
China Resources (Anshan) Brewery Co Ltd(4) China Brewing
44% 
44% 
China Resources (Blue Sword) Brewery Co Ltd(4)(5) China Brewing
30% 
30% 
China Resources (Chang Chun) Brewery Co Ltd(4) China Brewing
42% 
42% 
China Resources (Dalian Banchuidao)    
 
  Brewery Co Ltd(4) China Brewing
39% 
 39% 
China Resources (Dalian) Brewery Co Ltd(4) China Brewing
49% 
 49% 
China Resources (Heilongjiang) Brewery Co Ltd(4) China Brewing
34% 
 34% 
China Resources (Jilin) Brewery Co Ltd(4) China Brewing
49% 
 44% 
China Resources (Liaoyang) Brewery Co Ltd(4) China Brewing
29% 
29% 
China Resources (Shenyang) Snowflake Beer Co Ltd(4) China Brewing
49% 
44% 
China Resources (Tianjin) Brewery Co Ltd(4) China Brewing
45% 
45% 
China Resources (Wanghua) Brewery Co Ltd(4) China Brewing
39% 
39% 
China Resources Food and Beverage    
 
  (Chengdu) Co Ltd(4)
China Bottled water
49% 
49% 
China Resources Food and Beverage    
  (Shenzhen) Co Ltd(4) China Bottled water
49% 
49% 
Shenyang Hwa-Jeng Winery Brewery Ltd(4) China Brewing
44% 
44% 
Shenzhen C'est Bon Food and Drink Co Ltd(4) China Bottled water
49% 
49% 
China Resources (Wuhan) Brewery Co Ltd(4)(6) China Brewing
29% 
29% 
China Resources (Panjin) Brewery Co Ltd(4)(7) China Brewing
34% 
– 
China Resources (Beijing Lido) Brewery Co Ltd(4)(7) China Brewing
49% 
– 
       
 
Other Beverage Interests    
 
Coca-Cola Canners (Pty) Ltd(8) South Africa Canning of beverages
24% 
24% 
Distell Group Ltd(1)(9) South Africa Wines and spirits
30% 
30% 
     
 
Hotels and Gaming    
 
Tsogo Sun Holdings (Pty) Ltd (TSH)(10) South Africa Holding company
49% 
– 
Southern Sun Hotels (Pty) Ltd(10) South Africa Holding company
49% 
– 
Southern Sun Hotel Interests (Pty) Ltd(10)(11) South Africa Hotels
49% 
100% 
Tsogo Sun Gaming (Pty) Ltd(10) South Africa Gaming
49% 
– 
Tsogo Sun Holdings (Pty) Ltd (Tsogo Sun)(10) South Africa Gaming –  50% 
Notes:  
(1) Listed in country of incorporation.
(2) Interests in these companies are held by SABMiller Africa BV which is held 62% by SABMiller Africa and Asia BV.
(3) In December 2002 SABMiller Africa BV disposed of its subsidiary Castle Brewing Kenya Ltd in exchange for a 20% shareholding in Kenya Breweries Limited, a subsidiary of East African Breweries Ltd.
(4) China Resources Breweries Limited, the group’s 49% owned associated undertaking, holds between 60% and 100% of these companies.
(5) China Resources (Blue Sword) Brewery Co Ltd has 12 operating subsidiaries, including China Resources (Mianyang) Brewery Co Ltd.
(6) Shareholding acquired in March 2002.
(7) Shareholding acquired in January 2003.
(8) Amalgamated Beverage Industries Ltd, the group’s 74% owned subsidiary undertaking, holds 32% of this company.
(9) Distillers Corporation (SA) Ltd and Stellenbosch Farmer’s Winery Group Ltd merged in November 2000 and the name was changed to Distell Group Ltd in March 2001.
(10) The nature of SABMiller plc’s interest in the Hotels and Gaming division has changed from subsidiary to associated undertaking (see note 29).
(11) Southern Sun Hotel Interests (Pty) Ltd was sold on 31 March 2003 to Tsogo Sun Holdings (Pty) Ltd as part of the partial disposal of the group’s interests in the Hotels and Gaming division.
   
The principal country in which each of the above associated undertakings operates is the same as the country in which each is incorporated. However, Société Des Brasseries et Glacières Internationales and Brasseries Internationales Holding Ltd’s (Castel group) principal subsidiaries are in Africa.