29th Jan 2010 07:00
RNS announcement
Altria Group, Inc. (Altria) has released its full annual report filing with the SEC for the fiscal year ended 31 December 2009. Altria's annual report filing includes the summary financial disclosures as set out below for the three years ended 31 December 2009, expressed in US GAAP at prevailing exchange rates, of which 27.3% 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 treatment of 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:
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Balance Sheet |
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As at 31 December |
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2009 |
2008 |
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US$m |
US$m |
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Current assets |
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4,495 |
4,266 |
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Long-term assets |
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33,841 |
30,007 |
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Current liabilities |
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(5,307) |
(5,403) |
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Long-term liabilities |
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(13,199) |
(12,170) |
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Non controlling interests |
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(672) |
(660) |
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Income Statement |
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For the years ended 31 December |
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2009 |
2008 |
2007 |
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US$m |
US$m |
US$m |
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Net revenues |
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17,020 |
20,466 |
20,825 |
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Operating profit |
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2,173 |
2,854 |
3,230 |
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Net earnings |
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1,473 |
1,635 |
1,865 |
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Related Shares:
SAB.L