Annual Report - SABMiller India

Notes to the consolidated financial statementscontinued2. Segmental analysis continuedEBITAThis comprises operating profit before exceptional items, amortisation of intangible assets (excluding software) and includes the group’sshare of associates’ operating profit on a similar basis.Share ofShare ofassociates’ Amortisation associates’ AmortisationOperating operating of intangible Operating operating of intangibleprofit before profit before assets profit before profit before assetsexceptional exceptional (excluding exceptional exceptional (excludingitems items software) EBITA items items software) EBITA2008 2008 2008 2008 2007 2007 2007 2007US$m US$m US$m US$m US$m US$m US$m US$mLatin America 953 – 118 1,071 810 – 105 915Europe 947 1 4 952 730 – 3 733North America 462 – 15 477 366 – 9 375Africa and Asia 330 231 7 568 272 193 2 467South Africa:– Beverages 962 64 – 1,026 1,043 59 – 1,102– Hotels and Gaming – 139 2 141 – 100 – 100– South Africa total 962 203 2 1,167 1,043 159 – 1,202Corporate (94) – – (94) (101) – – (101)Group 3,560 435 146 4,141 3,120 352 119 3,591The group’s share of associates’ operating profit is reconciled to the share of post-tax results of associates in the income statementas follows:2008 2007US$m US$mShare of associates’ operating profit (before exceptional items) 435 352Share of associates’ finance costs (11) (9)Share of associates’ taxation (120) (102)Share of associates’ minority interests (32) (36)Share of post-tax results of associates 272 205EBITDA (a reconciliation of group EBITDA after cash exceptional items to cash generated from operations can be foundin note 27a).This comprises the net cash generated from operations before working capital movements and after operating cash exceptional items.EBITDAEBITDAbefore cash Cash before cash Cashexceptional exceptional exceptional exceptionalitems items EBITDA items items EBITDA2008 2008 2008 2007 2007 2007US$m US$m US$m US$m US$m US$mLatin America 1,319 (17) 1,302 1,147 (25) 1,122Europe 1,203 – 1,203 936 (7) 929North America 569 (2) 567 510 – 510Africa and Asia 404 – 404 340 – 340South Africa: Beverages 1,073 – 1,073 1,200 – 1,200Corporate (31) – (31) (65) (5) (70)Group 4,537 (19) 4,518 4,068 (37) 4,03176 Notes to the consolidated financial statementsSABMiller plc Annual Report 2008