SABMiller plc : - Altria Financial Data Disclosure

SABMiller plc
Altria Financial Data Disclosure

Altria Group, Inc. (Altria) has released its full annual report filing with the SEC for the fiscal year ended 31 December 2011. Altria's annual report filing includes the summary financial disclosures as set out below for the three years ended 31 December 2011, expressed in US GAAP at prevailing exchange rates, of which 27.0% is attributable to Altria's economic and voting investment in SABMiller plc. These disclosures are required because of the size of Altria's investment in SABMiller as a percentage of Altria's total assets.

Investors should note that the financial disclosures are derived from management accounts, have not been audited and may be subject to change. In relation to the US GAAP information disclosed by Altria there are a number of differences concerning the timing of recognition of results as well as differences relating to the accounting treatment of hedged items, exceptional items and the definition of the US GAAP statutory financial information compared to SABMiller's financial information as reported under IFRS. 

Summary financial data relating to SABMiller is as follows:

Balance Sheet				As at 31 December
				2011	2010
				US$m	US$m
Current assets				5,967	4,518
Long-term assets				46,438	34,744
Current liabilities				(7,591)	(6,625)
Long-term liabilities				(22,521)	(11,270)
Non-controlling interests				(1,013)	(766)
Income Statement				For the years ended 31 December
				2011	2010	2009
				US$m	US$m	US$m
Net revenues				20,780	18,981	17,020
Operating profit				3,603	2,821	2,173
Net earnings				2,596	2,133	1,473

John Davidson

General Counsel and Group Company Secretary

30 January 2012