Continued growth
Highlights
SABMiller today
Chairman's statement
Chief executive's review
Review of operations
Financial review
Corporate accountability
Corporate governance
Board of directors
Executive committee
Directors' report 2005
Remuneration report
Annual financial statements
Five-year financial review
Definitions
Shareholders' diary
Administration
Highlights
2005
US$m
2004
US$m
% change
Turnover
14,543
12,645
15
EBITA
*
2,409
1,893
27
Profit before tax
2,194
1,391
58
Adjusted profit before tax
*
2,242
1,705
31
Adjusted earnings
*
1,251
925
35
Adjusted earnings per share
*
US cents
103.2
77.6
33
UK pence (up 22%)
55.9
45.8
SA cents (up 17%)
641.8
547.6
Adjusted diluted earnings per share
*
(US cents)
99.8
75.2
33
Basic earnings per share
(US cents)
94.1
54.1
74
Dividends per share
(US cents)
38.0
30.0
27
Net cash inflow from operating activities
2,792
2,292
22
*
EBITA and adjusted profit before tax comprise profit before interest and tax (US$2,361 million) and profit before tax (US$2,194 million) respectively before goodwill amortisation (US$366 million), and before exceptional items (net credit US$318 million – see
note 5
). The calculations of adjusted earnings and adjusted earnings per share measures are given in
note 11
. All references to EBITA refer to pre-exceptional EBITA.
Total lager volumes increase 8% to 148 million hectolitres, organic growth of 4%
Miller domestic volume returns to growth – turnaround on track
Excellent volume and EBITA performance in South Africa
Continued strong performances from both Europe and Africa & Asia
Group EBITA margin 16.6%, up from 15.0%
Strong cash flows reduce gearing to 26.4%
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