Annual Report - SABMiller India

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Notes to the consolidated financial statementscontinued25. Share capital continuedb) Executive Share Option Scheme (Approved Scheme and (No 2) Scheme)As at 31 March 2008 the following options were outstanding under the UK SABMiller plc Approved Executive Share Option andSABMiller plc Unapproved Executive Share Option (No 2) Schemes:2008 2007 ExerciseExercise periodOrdinary Ordinary priceDate of grant shares shares £ Earliest date Latest date9 March 1999 112,577 146,526 4.850 09.03.2002 09.03.200916 March 1999* 11,172 22,344 5.370 16.03.2002 16.03.200927 May 1999 9,476 18,149 5.170 27.05.2002 27.05.20092 June 2000 197,237 283,400 4.110 02.06.2003 02.06.20101 December 2000 40,284 40,284 4.220 01.12.2003 01.12.20101 December 2000* 7,109 7,109 4.220 01.12.2003 01.12.20101 June 2001 444,026 510,802 5.160 01.06.2004 01.06.201130 November 2001 38,136 43,814 4.720 30.11.2004 30.11.201130 November 2001* – 6,356 4.720 30.11.2004 30.11.201131 May 2002 597,737 702,902 5.705 31.05.2005 31.05.201231 May 2002* 10,518 15,777 5.705 31.05.2005 31.05.201222 November 2002 94,000 126,000 4.400 22.11.2005 22.11.201222 November 2002* 18,386 20,454 4.400 22.11.2005 22.11.201223 May 2003 841,947 1,170,177 4.158 23.05.2006 23.05.201323 May 2003* 7,216 14,432 4.158 23.05.2006 23.05.201321 November 2003 152,500 219,600 5.537 21.11.2006 21.11.201321 November 2003* 24,747 30,165 5.537 21.11.2006 21.11.201321 May 2004 1,035,231 1,652,640 6.605 21.05.2007 21.05.201421 May 2004* 13,210 35,920 6.605 21.05.2007 21.05.201419 November 2004 106,750 160,452 8.700 19.11.2007 19.11.201419 November 2004* 3,169 12,454 8.700 19.11.2007 19.11.201420 May 2005 1,663,983 1,739,283 8.280 20.05.2008 20.05.201520 May 2005* 70,206 77,217 8.280 20.05.2008 20.05.201511 November 2005 307,285 358,885 10.530 11.11.2008 11.11.201511 November 2005* 9,421 12,270 10.530 11.11.2008 11.11.201519 May 2006 1,994,929 2,062,729 10.610 19.05.2009 19.05.201619 May 2006* 50,644 56,481 10.610 19.05.2009 19.05.201610 November 2006 103,600 139,750 10.930 10.11.2009 10.11.201610 November 2006* 2,060 2,060 10.930 10.11.2009 10.11.201622 November 2006 26,600 – 10.930 22.11.2009 22.11.201618 May 2007 2,207,756 – 11.670 18.05.2010 18.05.201718 May 2007* 96,544 – 11.670 18.05.2010 18.05.20172 August 2007 55,561 – 12.300 02.08.2010 02.08.20172 August 2007* 2,439 – 12.300 02.08.2010 02.08.201716 November 2007 28,836 – 13.320 16.11.2010 16.11.201716 November 2007* 4,504 – 13.320 16.11.2010 16.11.2017* SABMiller plc Approved Executive Share Option Scheme.10,389,796 9,688,432110 Notes to the consolidated financial statementsSABMiller plc Annual Report 2008
25. Share capital continuedc) Performance Share Award schemeAs at 31 March 2008 the following options were outstanding under the SABMiller plc Performance Share Award Scheme:Date by which2008 2007 Exercise performanceOrdinary Ordinary price conditionDate of award shares shares £ must be met21 May 2004 – 354,239 Nil 21.05.200720 May 2005 308,855 332,745 Nil 20.05.200828 February 2006 20,000 20,000 Nil 28.02.200919 May 2006 810,000 847,500 Nil 19.05.200913 March 2007 32,000 32,000 Nil 13.03.201018 May 2007 862,500 – Nil 18.05.201018 May 2007 191,000 – Nil 18.05.20102 August 2007 37,500 – Nil 02.08.201016 November 2007 4,680 – Nil 16.11.20102,266,535 1,586,484Certain of these awards may rank for a 50% additional reward, provided the shares are held in the EBT for a period of two yearsafter vesting.d) International Performance Share Award Sub-SchemeAt 31 March 2008 the following options were outstanding under the SABMiller plc International Performance Share Award Sub-Scheme:Date by which2008 2007 Exercise performanceOrdinary Ordinary price conditionDate of award shares shares £ must be met1 April 2004 to 31 March 2007 – 562,110 Nil 01.04.20071 April 2005 to 31 March 2008 443,628 500,422 Nil 01.04.20081 April 2006 to 31 March 2008 143,880 147,620 Nil 01.04.20081 April 2006 to 31 March 2009 422,340 468,040 Nil 01.04.20091 April 2006 to 31 March 2009 323,640 332,200 Nil 01.04.20091 April 2006 to 31 March 2009 50,000 50,000 Nil 01.04.20091 April 2006 to 31 March 2009 – 37,500 Nil 01.04.20091 April 2006 to 31 March 2009 50,000 50,000 Nil 01.04.20091 April 2007 to 31 March 2010 377,800 – Nil 01.04.20101 April 2007 to 31 March 2010 27,620 – Nil 01.04.20101 April 2007 to 31 March 2010 20,000 – Nil 01.04.20101 April 2007 to 31 March 2010 400,200 – Nil 01.04.20101 April 2007 to 31 March 2010 56,000 – Nil 01.04.20101 April 2007 to 31 March 2010 144,000 – Nil 01.04.20101 April 2007 to 31 March 2010 116,600 – Nil 01.04.20101 April 2007 to 31 March 2010 37,500 – Nil 01.04.20101 April 2007 to 31 March 2010 244,600 – Nil 01.04.20101 April 2007 to 31 March 2010 84,000 – Nil 01.04.20102,941,808 2,147,892Overview Operating and financial review Governance Financial statements Shareholder informationNotes to the consolidated financial statements 111SABMiller plc Annual Report 2008
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Annual ReportSABMiller plc Annual R
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Our performance■ Group lager volu
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North AmericaMiller Brewing Company
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Share price 1 April 2003 to 31 Marc
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Chief Executive’s reviewSuccess r
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In South Africa, where SAB Ltd bega
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Grolsch: a strong additionto the pr
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A full portfolio in BotswanaSt Loui
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Developing relationships with large
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Leveraging our local value chainWhe
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Double digit organic constant curre
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+16%increase in dividendsfor the ye
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Our strong financial structure give
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In Panama lager volumes were up by1
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of 2.4% for the year complemented b
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Volumes grew in both the mainstream
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For our full Sustainable Developmen
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Priority Why it is Targets we set P
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For ease of reference, directors’
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considered by the board. The perfor
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5.6 The corporate accountability an
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The directors are responsible for t
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^ Corporate accountability and risk
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Directors’ reportThe directors ha
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As noted above the board has determ
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Remuneration reportIntroductionThis
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Annual incentive plansEach of the e
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During the year Mercer undertook th
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Directors’ beneficial interests i
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SABMiller plc Approved Share Option
Page 61 and 62: SABMiller plc Executive Share Purch
Page 63 and 64: Independent auditors’ reportto th
Page 65 and 66: Consolidated balance sheetat 31 Mar
Page 67 and 68: Consolidated statement of recognise
Page 69 and 70: 1. Accounting policies continuedc)
Page 71 and 72: 1. Accounting policies continuedInt
Page 73 and 74: 1. Accounting policies continuedDer
Page 75 and 76: 1. Accounting policies continuedDef
Page 77 and 78: 2. Segmental analysisPrimary report
Page 79 and 80: 2. Segmental analysis continuedBala
Page 81 and 82: 3. Net operating expenses continued
Page 83 and 84: 6. Employee and key management comp
Page 85 and 86: 8. Earnings per share2008 2007US ce
Page 87 and 88: 10. Goodwill continuedGoodwill allo
Page 89 and 90: 12. Property, plant and equipmentAs
Page 91 and 92: 13. Investments in associates conti
Page 93 and 94: 16. Trade and other receivables con
Page 95 and 96: 20. Deferred taxationThe movement o
Page 97 and 98: 21. Borrowings continuedNon-current
Page 99 and 100: 22. Financial risk factorsFinancial
Page 101 and 102: 22. Financial risk factors continue
Page 107 and 108: 23. Derivative financial instrument
Page 109 and 110: 24. Provisions continuedInsuranceIn
Page 111: 25. Share capital continuedDeferred
Page 115 and 116: 25. Share capital continuedOutstand
Page 117 and 118: 26a. Statement of changes in shareh
Page 119 and 120: 27a. Reconciliation of profit for t
Page 121 and 122: 28. Acquisitions and disposalsThe f
Page 123 and 124: 28. Acquisitions and disposals cont
Page 125 and 126: 29. Commitments, contingencies and
Page 127 and 128: 30. Pensions and post-retirement be
Page 133 and 134: 33. Principal subsidiary and associ
Page 135 and 136: 33. Principal subsidiary and associ
Page 137 and 138: Independent auditors’ reportto th
Page 139 and 140: Notes to the company financial stat
Page 141 and 142: 1. Accounting policies continuedi)
Page 143 and 144: 3. Investment in subsidiary underta
Page 145 and 146: 8. Financial instruments continuedD
Page 147 and 148: 10. Profit and loss informationEmpl
Page 149 and 150: IFRS IFRS IFRS IFRS UK GAAP UK GAAP
Page 151 and 152: Ordinary shareholding analysesListe
Page 153 and 154: AdministrationSABMiller plc(Registr
Page 155 and 156: SGS-COC-003115Printed on a 75% recy
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Annual Report - SABMiller India

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