at 31 March
|
Notes |
2005
US$m |
2004
US$m |
| Fixed assets |
|
|
|
| Intangible assets |
12 |
6,822 |
6,513 |
| Tangible assets |
13 |
4,162 |
3,758 |
| Investments |
|
1,303 |
1,212 |
| Investments in associates |
14 |
1,116 |
928 |
| Other fixed asset investments |
15 |
187 |
284 |
|
| |
|
|
|
| |
12,287 |
11,483 |
| Current assets |
|
|
|
| Stock |
16 |
634 |
599 |
| Debtors |
17 |
1,164 |
1,035 |
| Investments |
18 |
689 |
31 |
| Cash at bank and in hand |
|
454 |
651 |
| |
|
2,941 |
2,316 |
| Creditors – amounts falling due within one year |
19 |
(3,550) |
(2,783) |
| |
| Net current liabilities |
|
(609) |
(467) |
| |
| Total assets less current liabilities |
|
11,678 |
11,016 |
| Creditors – amounts falling due after one year* |
20 |
(2,579) |
(3,166) |
| Provisions for liabilities and charges |
22 |
(796) |
(866) |
| Net assets |
|
8,303 |
6,984 |
| |
| Capital and reserves |
|
|
|
| Share capital |
23 |
135 |
127 |
| Share premium |
24 |
2,010 |
1,383 |
| Merger relief reserve |
24 |
3,395 |
3,395 |
| Revaluation and other reserves |
24 |
23 |
20 |
| Profit and loss reserve |
24 |
2,102 |
1,240 |
| Shareholders’ funds |
|
7,665 |
6,165 |
| Equity minority interests |
|
638 |
819 |
| Capital employed |
|
8,303 |
6,984 |
|
*2004 included US$594 million 4.25% guaranteed convertible bonds.
Balance sheets of SABMiller plc.
The notes form part of the financial statements.
The financial statements were approved by the directors on 6 June 2005.
| Graham Mackay |
Malcolm Wyman |
| Chief executive |
Chief financial officer |
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