Consolidated balance sheets

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at 31 March

 
 
 
 
 
Notes
2004
 
US$m
2003
Restated
US$m
Fixed assets      
Intangible assets 12 6,513 6,451
Tangible assets 13 3,758 3,244
Investments   1,212 736
Investments in associates 14 928 705
Other fixed asset investments 15 284 31
   
    11,483 10,431
Current assets      
Stock 16 599 456
Debtors 17 1,035 802
Investments 18 31 2
Cash at bank and in hand   651 559
    2,316 1,819
Creditors – amounts falling due within one year 19 (2,783) (4,027)
Net current liabilities   (467) (2,208)
Total assets less current liabilities   11,016 8,223
Creditors – amounts falling due after one year* 20 (3,166) (1,130)
Provisions for liabilities and charges 22 (866) (743)
Net assets   6,984 6,350
 
Capital and reserves      
Share capital 23 127 127
Share premium 24 1,383 1,373
Merger relief reserve 24 3,395 3,395
Revaluation and other reserves 24 20 20
Profit and loss reserve 24 1,240 657
Shareholders’ funds   6,165 5,572
Equity minority interests   819 778
Capital employed   6,984 6,350

*Includes US$594 million (2003: US$590 million) 4.25% guaranteed convertible bonds 2006.

View the Balance Sheets of SABMiller plc.
The notes form part of the financial statements.
The financial statements were approved by the directors on 7 June 2004.

Signature of Graham Mackay Signature of Malcolm Wyman
Graham Mackay
Chief executive
Malcolm Wyman
Chief financial officer

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