SABMiller logo

Key ratios

Financial highlights

Financial highlights 2013
US$m
2012
US$m
% change
  1. Group revenue includes the attributable share of associates' and joint ventures' revenue of US$11,274 million (2012: US$9,628 million).
  2. Revenue excludes the attributable share of associates' and joint ventures' revenue.
  3. Note 2 provides a reconciliation of operating profit to EBITA which is defined as operating profit before exceptional items and amortisation of intangible assets (excluding computer software) but includes the group's share of associates' and joint ventures' operating profit, on a similar basis. EBITA is used throughout this preliminary announcement.
  4. Adjusted profit before tax comprises EBITA less adjusted net finance costs of US$747 million (2012: US$542 million) and share of associates' and joint ventures' net finance costs of US$44 million (2012: US$30 million).
  5. Profit before tax includes exceptional charges of US$203 million (2012: credits of US$1,015 million). Exceptional items are explained in note 3.
  6. A reconciliation of adjusted earnings to the statutory measure of profit attributable to owners of the parent is provided in note 6.
Group revenuea 34,487 31,388 10
Revenueb 23,213 21,760 7
EBITAc 6,421 5,634 14
Adjusted profit before taxd 5,630 5,062 11
Profit before taxe 4,712 5,603 (16)
Profit attributable to owners of the parent 3,274 4,221 (22)
Adjusted earningsf 3,796 3,400 12
Adjusted earnings per share      
- US cents 238.7 214.8 11
- UK pence 151.1 134.4 12
- SA cents 2,031.3 1,607.0 26
Basic earnings per share (US cents) 205.9 266.6 (23)
Dividends per share (US cents) 101.0 91.0 11
Free cash flow 3,230 3,048 6