SABMiller plc discloses summary earnings as of 31 December 2007 in line with Altria's annual reporting
5 February 2008
Yesterday afternoon Altria Group, Inc. (Altria) released its full annual report filing with the SEC for the fiscal year ended 31 December 2007. This year, Altria’s annual report filing includes the summary financial results disclosures as set out below attributable to Altria’s economic and voting 28.6% investment in SABMiller plc for the three years ended 31 December 2007, expressed in US GAAP at prevailing exchange rates. These disclosures are now required because of the size of Altria’s investment in SABMiller as a percentage of Altria’s total assets. Investors should note that these financial results are derived from management accounts, have not been audited and may be subject to change. The US GAAP earnings disclosed by Altria also include the impact of any exceptional items reported by SABMiller during these years.
Summary financial data of SABMiller is as follows (in millions)
As of December 31
Current assets 4,225 3,325
Long-term assets 29,803 27,007
Current liabilities (5,718) (4,845)
Long-term liabilities (10,773) (10,179)
For the Years Ended
2007 2006 2005
US$m US$m US$m
Revenues 20,825 18,103 14,302
Operating profit 3,230 2,990 2,543
Net earnings 1,865 1,588 1,408
About SABMiller plc
SABMiller plc is one of the world’s largest brewers with brewing interests or distribution agreements in over 60 countries across six continents. The group’s brands include premium international beers such as Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market leading local brands. Outside the USA, SABMiller plc is also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2007, the group reported US$3,154 million adjusted pre-tax profit and revenue of US$18,620 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.
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This document includes "forward-looking statements". These statements may contain the words "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Any information contained in this announcement on the price at which the Company's securities have been bought or sold in the past, or on the yield on such securities, should not be relied upon as a guide to future performance.