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2. Segmental information (unaudited) continued EBITA The following table provides a reconciliation of operating profit before exceptional items to EBITA. Share of Share of associates’ Amortisation associates’ Amortisation Operating operating of intangible Operating operating of intangible profit before profit before assets profit before profit before assets exceptional exceptional (excluding exceptional exceptional (excluding Six months ended items items software) EBITA items items software) EBITA 2006 2006 2006 2006 2005 2005 2005 2005 30 September US$m US$m US$m US$m US$m US$m US$m US$m Latin America 335 – 52 387 32 – – 32 Europe 484 – 1 485 379 – – 379 North America 251 – 2 253 286 – – 286 Africa and Asia 124 115 1 240 108 100 1 209 South Africa: – Beverages 387 24 – 411 353 22 – 375 – Hotels and Gaming – 44 – 44 – 38 – 38 South Africa: Total 387 68 – 455 353 60 – 413 Corporate (39) – – (39) (55) – – (55) Group 1,542 183 56 1,781 1,103 160 1 1,264 2006 2006 2006 2006 Year ended 31 March: US$m US$m US$m US$m Latin America 387 – 49 436 Europe 567 – 2 569 North America 454 – – 454 Africa and Asia 257 164 1 422 South Africa: – Beverages 1,011 51 – 1,062 – Hotels and Gaming – 84 – 84 South Africa: Total 1,011 135 – 1,146 Corporate (86) – – (86) Group 2,590 299 52 2,941 The group’s share of associates’ operating profit is reconciled to the share of post-tax results of associates in the income statement as follows: Six months Six months Year ended ended ended 30/9/06 30/9/05 31/3/06 US$m US$m US$m Share of associates’ operating profit 183 160 299 Share of associates’ net finance cost (6) (8) (16) Share of associates’ tax (52) (38) (81) Share of associates’ minority interests (20) (14) (25) 105 100 177 Excise duties of US$1,887 million (2005: US$1,295 million) have been incurred during the six months as follows: Latin America US$497 million (2005: US$29 million); Europe US$442 million (2005: US$355 million); North America US$461 million (2005: US$477 million); Africa and Asia US$152 million (2005: US$112 million) and South Africa US$335 million (2005: US$322 million). 17
Notes to the financial statements continued 2. Segmental information (unaudited) continued The following table provides a reconciliation of EBITDA (the net cash inflow from operating activities before working capital movements) before cash exceptional items to EBITDA after cash exceptional items. A reconciliation of group EBITDA after cash exceptional items can be found in note 7. EBITDA EBITDA before cash before cash exceptional Exceptional exceptional Exceptional items items EBITDA items items EBITDA 2006 2006 2006 2005 2005 2005 Six months ended 30 September: US$m US$m US$m US$m US$m US$m Latin America 493 (17) 476 52 – 52 Europe 577 – 577 469 – 469 North America 325 – 325 359 – 359 Africa and Asia 159 – 159 137 – 137 South Africa: Beverages 458 – 458 440 – 440 Corporate (28) (3) (31) (39) – (39) 1,984 (20) 1,964 1,418 – 1,418 2006 2006 2006 Year ended 31 March: US$m US$m US$m Latin America 574 (4) 570 Europe 733 – 733 North America 591 – 591 Africa and Asia 321 – 321 South Africa: Beverages 1,205 – 1,205 Corporate (68) (4) (72) 3,356 (8) 3,348 3. Exceptional items Six months Six months Year ended ended 30/9/06 ended 30/9/05 31/3/06 Unaudited Unaudited Audited US$m US$m US$m Subsidiaries’ exceptional items included in operating profit: Latin America Bavaria integration and restructuring costs (24) – (11) Corporate Bavaria integration costs (3) – (4) Exceptional items included in operating profit (27) – (15) Taxation credit 8 – 5 Minority interests’ share of the above items – – – 2006 Latin America and Corporate Integration and restructuring costs associated with the consolidation of Bavaria of US$27 million were incurred during the period (six months ended 30/9/05: US$Nil million; year ended 31/3/06: US$15 million). 18
Page 1 and 2: Interim Report 30 September 2006
Page 3 and 4: Chief Executive’s review Business
Page 5 and 6: Chief Executive’s review continue
Page 11 and 12: Directors’ responsibility for fin
Page 13 and 14: Consolidated balance sheets at 30 S
Page 15 and 16: Consolidated statements of recognis
Page 17: Notes to the financial statements c
Page 21 and 22: Notes to the financial statements c
Page 23 and 24: Notes to the financial statements c
Page 25: Forward-looking statements This ann

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