The information included in the five-year summary for the year ended 31 March 2004 is as published under UK GAAP and has not been restated to IFRS.
| |
IFRS 2008 US$m |
IFRS 2007 US$m |
IFRS 2006 US$m |
IFRS 2005 US$m |
UK GAAP 2005 US$m |
UK GAAP 2004 US$m |
| Income statements |
| Revenue (including associates’ share) |
23,828 |
20,645 |
17,081 |
14,543 |
14,543 |
12,645 |
| Revenue (excluding associates’ share) |
21,410 |
18,620 |
15,307 |
12,901 |
12,901 |
11,366 |
| Operating profit |
3,448 |
3027 |
2,575 |
2,547 |
2,104 |
1,383 |
| Net finance costs |
(456) |
(428) |
(299) |
(143) |
(143) |
(152) |
| Share of associates’ post-tax results(2) |
272 |
205 |
177 |
148 |
159 |
115 |
| Taxation |
(976) |
(921) |
(779) |
(823) |
(776) |
(534) |
| Minority interests |
(265) |
(234) |
(234) |
(208) |
(203) |
(167) |
| Profit for the year |
2,023 |
1,649 |
1,440 |
1,521 |
1,141 |
645 |
| Adjusted earnings |
2,147 |
1,796 |
1,497 |
1,224 |
1,251 |
925 |
| Balance sheets |
| Non-current assets |
31,686 |
25,683 |
23,951 |
12,869 |
12,287 |
11,483 |
| Current assets |
4,127 |
3,053 |
2,825 |
2,778 |
2,941 |
2,316 |
| Total assets |
35,813 |
28,736 |
26,776 |
15,647 |
15,228 |
13,799 |
| Derivative financial instruments |
(531) |
(209) |
(178) |
– |
– |
– |
| Borrowings |
(9,658) |
(7,231) |
(7,582) |
(3,340) |
(3,339) |
(3,707) |
| Other liabilities and provisions |
(7,380) |
(6,295) |
(5,417) |
(3,552) |
(3,586) |
(3,108) |
| Total liabilities |
(17,569) |
(13,735) |
(13,177) |
(6,892) |
(6,925) |
(6,815) |
| Net assets |
18,244 |
15,001 |
13,599 |
8,755 |
8,303 |
6,984 |
| Total shareholders’ equity |
17,545 |
14,406 |
13,045 |
8,077 |
7,665 |
6,165 |
| Minority interests in equity |
699 |
595 |
554 |
678 |
638 |
819 |
| Total equity |
18,244 |
15,001 |
13,599 |
8,755 |
8,303 |
6,984 |
| Cash flow statements |
| EBITDA |
4,518 |
4,031 |
3,348 |
2,736 |
2,740 |
2,185 |
| Net working capital movements |
(242) |
(13) |
(57) |
56 |
52 |
107 |
| Net cash generated from operations |
4,276 |
4,018 |
3,291 |
2,792 |
2,792 |
2,292 |
| Net interest paid (net of dividends received) |
(410) |
(385) |
(248) |
(79) |
(79) |
(132) |
| Tax paid |
(969) |
(801) |
(869) |
(625) |
(625) |
(456) |
| Net cash inflow from operating activities |
2,897 |
2,832 |
2,174 |
2,088 |
2,088 |
1,704 |
| Net capital expenditure |
(1,927) |
(1,351) |
(984) |
(738) |
(738) |
(549) |
| Net investments |
5 |
(2) |
(2) |
456 |
456 |
(211) |
| Net acquisition of subsidiaries and associates |
(1,439) |
(429) |
(2,644) |
(897) |
(897) |
(515) |
| Net cash inflow before financing and dividends |
(464) |
1,050 |
(1,456) |
909 |
909 |
429 |
| Management of liquid resources (UK GAAP only) |
- |
- |
– |
– |
(658) |
(16) |
| Net cash inflow/(outflow) from financing |
1,240 |
(455) |
1,733 |
(271) |
(272) |
(142) |
| Dividends paid |
(769) |
(681) |
(520) |
(412) |
(412) |
(309) |
| Effect of exchange rates |
(113) |
(18) |
11 |
(56) |
– |
– |
| (Decrease)/increase in cash and cash equivalents |
(106) |
(104) |
(232) |
170 |
(433) |
(38) |
| Per share information (US cents per share) |
| Basic earnings per share |
134.9 |
110.2 |
105.0 |
125.5 |
94.1 |
54.1 |
| Diluted earnings per share |
134.2 |
109.5 |
104.3 |
121.2 |
91.1 |
53.0 |
| Adjusted basic earnings per share |
143.1 |
120.0 |
109.1 |
101.0 |
103.2 |
77.6 |
| Net asset value per share |
1,108.3 |
912.0 |
828.1 |
599.9 |
569.2 |
484.4 |
| Total number of shares in issue (million) |
1,583.1 |
1,579.6 |
1,575.2 |
1,346.5 |
1,346.5 |
1,272.7 |
| Other operating and financial statistics |
| Return on equity (%) |
12.2 |
12.5 |
11.5 |
15.2 |
16.3 |
15.0 |
| EBITA margin (%) |
17.4 |
17.4 |
17.2 |
16.4 |
14.0 |
12.2 |
| Cash operating margin (%) |
21.1 |
21.6 |
21.9 |
21.2 |
21.2 |
19.3 |
| PBIT interest cover |
8.2 |
7.6 |
9.2 |
14.2 |
12.2 |
8.2 |
| Total borrowings to total assets (%) |
27.0 |
25.2 |
28.3 |
21.3 |
21.9 |
26.9 |
| Cash flow to total borrowings (%) |
44.3 |
55.6 |
43.4 |
83.6 |
83.6 |
61.8 |
| Revenue per employee (US$000s) |
309.8 |
278.1 |
284.7 |
315.5 |
315.5 |
287.2 |
| Average monthly number of employees |
69,116 |
66,949 |
53,772 |
40,892 |
40,892 |
39,571 |
(1) Restated for the adjustments made to the provisional fair values relating to the Bavaria Group transaction.
(2) UK GAAP information for share of associates’ results has been presented on the same basis as IFRS for ease of comparability.
| |
IFRS 2008 US$m |
IFRS 2007 US$m |
IFRS 2006 US$m |
IFRS 2005 US$m |
UK GAAP 2005 US$m |
UK GAAP 2004 US$m |
| Revenue (including share of associates) |
| North America |
5,251 |
4,887 |
4,912 |
4,892 |
4,892 |
4,778 |
| Latin America |
5,248 |
4,392 |
2,165 |
521 |
521 |
531 |
| Europe |
5,120 |
4,078 |
3,258 |
2,909 |
2,909 |
2,420 |
| Africa and Asia |
3,367 |
2,674 |
2,221 |
1,937 |
1,937 |
1,555 |
| South Africa: |
| – Beverages |
4,446 |
4,274 |
4,204 |
3,995 |
3,995 |
3,135 |
| – Hotels and Gaming |
396 |
340 |
321 |
289 |
289 |
226 |
|
23,828 |
20,645 |
17,081 |
14,543 |
14,543 |
12,645 |
| Operating profit (excluding share of associates) |
| North America |
462 |
366 |
454 |
487 |
261 |
189 |
| Latin America |
953 |
810 |
387 |
90 |
48 |
31 |
| Europe |
947 |
730 |
567 |
482 |
419 |
327 |
| Africa and Asia |
330 |
272 |
257 |
249 |
242 |
187 |
| South Africa: |
| – Beverages |
962 |
1,043 |
1,011 |
906 |
908 |
672 |
| – Hotels and Gaming |
- |
- |
– |
– |
– |
– |
| Corporate |
(94) |
(101) |
(86) |
(82) |
(85) |
(57) |
| Group – excluding exceptional items |
3,560 |
3,120 |
2,590 |
2,132 |
1,793 |
1,349 |
| Exceptional items |
| North America |
(51) |
- |
– |
111 |
7 |
(14) |
| Latin America |
(61) |
(64) |
(11) |
– |
– |
(6) |
| Europe |
- |
(24) |
– |
(51) |
(51) |
(6) |
| Africa and Asia |
- |
- |
– |
103 |
103 |
– |
| South Africa: Beverages |
- |
- |
– |
– |
– |
13 |
| Corporate |
- |
(5) |
(4) |
252 |
252 |
47 |
| Group – including exceptional items |
3,448 |
3,027 |
2,575 |
2,547 |
2,104 |
1,383 |
| EBITA |
| North America |
477 |
375 |
454 |
487 |
497 |
424 |
| Latin America |
1,071 |
915 |
436 |
90 |
91 |
76 |
| Europe |
952 |
733 |
569 |
482 |
483 |
383 |
| Africa and Asia |
568 |
467 |
422 |
383 |
384 |
306 |
| South Africa: |
| – Beverages |
1,026 |
1,102 |
1,062 |
956 |
958 |
708 |
| – Hotels and Gaming |
141 |
100 |
84 |
73 |
81 |
53 |
| Corporate |
(94) |
(101) |
(86) |
(82) |
(85) |
(57) |
| Group |
4,141 |
3,591 |
2,941 |
2,389 |
2,409 |
1,893 |