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Five year summary

for the years ended 31 March


Historical performance Income Statements for the following years ended 31 March under IFRS and UK GAAP for the years 2003 to 2013
  2014
US$m
20131
US$m
2012
US$m
2011
US$m
2010
US$m
Income statements          
Group NPR 26,719 26,932 24,949 n/a n/a
Group revenue 34,084 34,487 31,388 28,311 26,350
Revenue 22,311 23,213 21,760 19,408 18,020
Operating profit 4,242 4,192 5,013 3,127 2,619
Net finance costs (645) (726) (562) (525) (563)
Share of post-tax results of associates and joint ventures 1,226 1,213 1,152 1,024 873
Taxation (1,173) (1,192) (1,126) (1,069) (848)
Non-controlling interests (269) (237) (256) (149) (171)
Profit attributable to owners of the parent 3,381 3,250 4,221 2,408 1,910
Adjusted earnings 3,865 3,772 3,400 3,018 2,509
Adjusted EBITDA 6,639 6,564 n/a n/a n/a
Balance sheets          
Non-current assets 48,366 50,588 50,998 34,870 33,604
Current assets 5,385 5,683 4,851 4,178 3,895
Assets of disposal group classified as held for sale 23 79 66
Total assets 53,751 56,294 55,928 39,114 37,499
Derivative financial instruments (115) (86) (109) (135) (321)
Borrowings (17,047) (18,548) (19,226) (8,460) (9,414)
Other liabilities and provisions (9,107) (10,199) (10,554) (7,694) (7,171)
Liabilities of disposal group classified as held for sale (1) (7) (66)
Total liabilities (26,269) (28,834) (29,896) (16,355) (16,906)
Net assets 27,482 27,460 26,032 22,759 20,593
Total shareholders’ equity 26,319 26,372 25,073 22,008 19,910
Non-controlling interests in equity 1,163 1,088 959 751 683
Total equity 27,482 27,460 26,032 22,759 20,593
Cash flow statements          
Net cash generated from operations before working capital movements 5,677 5,758 4,979 4,502 3,974
Net working capital movements 93 (204) 258 66 563
Net cash generated from operations 5,770 5,554 5,237 4,568 4,537
Net interest paid (743) (770) (407) (640) (640)
Tax paid (1,596) (683) (893) (885) (620)
Net cash inflow from operating activities 3,431 4,101 3,937 3,043 3,277
Net capital expenditure and other investments (1,416) (1,440) (1,522) (1,245) (1,483)
Net investments in subsidiaries, joint ventures and associates (338) (223) (11,095) (183) (504)
Dividends received from joint ventures, associates and other investments 1,128 1,000 1,017 911 815
Net cash inflow before financing and dividends 2,805 3,438 (7,663) 2,526 2,105
Net cash outflow from financing (1,195) 517 8,819 (1,214) (804)
Dividends paid to shareholders of the parent (1,640) (1,517) (1,324) (1,113) (924)
Effect of exchange rates (61) (51) (39) 25 90
(Decrease)/Increase cash and cash equivalents (91) 1,353 (207) 224 467
Per share information (US cents per share)
Basic earnings per share 211.8 204.3 266.6 152.8 122.6
Diluted earnings per share 209.1 202.0 263.8 151.8 122.1
Adjusted basic earnings per share 242.0 237.2 214.8 191.5 161.1
Total number of shares in issue (millions) 1,672.6 1,669.7 1,664.3 1,659.0 1,654.7
Other operating and financial statistics
Return on equity (%)2 14.7 14.3 13.6 13.7 12.6
EBITA margin (as a percentage of group NPR) 24.2 23.7 n/a n/a n/a
EBITA margin (as a percentage of group revenue) n/a n/a 17.9 17.8 16.6
Adjusted EBITDA margin (as a percentage of NPR) 31.3 30.0 n/a n/a n/a
Net debt:adjusted EBITDA 2.2 2.4 n/a n/a n/a
Interest cover (times) 10.3 8.9 n/a n/a n/a
Free cash flow (US$m) 2,563 3,230 3,048 2,488 2,028
Gearing ratio (%) 52.0 56.8 68.4 31.2 40.8
Average monthly number of employees 69,947 70,486 71,144 69,212 70,131
  1. Restated for the adjustments made on adoption of IAS 19 (revised), and for changes in the definitions of net debt, EBITDA and adjusted EBITDA.
  2. This is calculated by expressing adjusted earnings as a percentage of total shareholders’ equity.