Annual Report - SABMiller

SABMiller plc Annual Report 2010 Notes to the consolidated financial statements 12726. Retained earnings and other reserves continuedb. Other reservesThe analysis of other reserves is as follows:ForeignNetcurrency Cash flow investment Availabletranslation hedging hedging for salereserve 1 reserve reserve reserve TotalUS$m US$m US$m US$m US$mAt 1 April 2008 2,435 1 (230) 9 2,215Currency translation differences– subsidiaries (3,197) – – – (3,197)– associates and joint ventures (152) – – – (152)Net investment hedges – – 337 – 337Cash flow hedges – 21 – – 21Available for sale investments – – – (8) (8)Deferred tax on items taken to other comprehensive income – 31 – – 31Share of associates’ and joint ventures’ losses recognised in othercomprehensive income – (108) – – (108)Transfer to profit on disposal of Miller’s operations – (4) – – (4)Contributed to joint ventures – (7) – – (7)At 31 March 2009 1 (914) (66) 107 1 (872)Currency translation differences– subsidiaries 2,346 – – – 2,346– associates and joint ventures 101 – – – 101Net investment hedges – – (310) – (310)Cash flow hedges – (59) – – (59)Available for sale investments – – – 2 2Deferred tax on items taken to other comprehensive income – (39) – – (39)Share of associates’ and joint ventures’ gains recognisedin other comprehensive income – 153 – – 153At 31 March 2010 1,533 (11) (203) 3 1,3221 As restated (see note 28).Foreign currency translation reserveThe foreign currency translation reserve comprises all translation exchange differences arising on the retranslation of opening net assets togetherwith differences between income statements translated at average and closing rates.Overview Business review Governance Financial statements Shareholder information