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164 SABMiller plc Annual Report 2012Notes to the consolidated financial statements continued35. Principal subsidiaries, associates and joint ventures continuedAssociates and joint venturesThe principal associates and joint ventures of the group as at 31 March are as set out below. Where the group’s interest in an associate or a jointventure is held by a subsidiary undertaking which is not wholly owned by the group, the subsidiary undertaking is indicated in a note below.Effective interestNameCountry ofincorporationNature ofrelationship Principal activity2012 2011European operationsAnadolu Efes Biracılık ve MaltTurkey Associate Brewing/Soft drinks 24% –Sanayii AŞ 1,2,3Grolsch (UK) Ltd United Kingdom Associate Brewing 50% 50%North American operationsMillerCoors LLC 4 USA Joint venture Brewing 58% 58%African operationsBIH Brasseries Internationales20% 20%Holding Ltd 3 principally located in AfricaSociété des Brasseries et Glacières20% 20%Internationales 3 principally located in AfricaAlgerienne de Bavaroise 3,5 Algeria Associate Brewing 40% 40%BIH Brasseries Internationales Holding Gibraltar Associate Brewing/Soft drinks 27% –(Angola) Ltd 3,7Delta Corporation Ltd 1,3,6 Zimbabwe Associate Brewing/Soft drinks 25% 23%Empresa de Cervejas N’Gola SARL 7 Angola Associate Brewing – 28%Kenya Breweries Ltd 6,8,9 Kenya Associate Brewing – 12%Marocaine d’Investissements et de Morocco Associate Brewing 40% 40%Services 1,10Skikda Bottling Company 3,5 Algeria Associate Soft drinks 40% 40%Société de Boissons de I’Ouest, Algeria Associate Soft drinks 40% 40%Algerien 3,5Société des Nouvelles Brasseries 3,5 Algeria Associate Brewing 40% 40%Asia Pacific operationsChina Resources Snow Breweries Ltd 3 British Virgin Islands Associate Holding company for brewing49% 49%subsidiaries located in ChinaPacific Beverages Pty Ltd 11 Australia Joint venture Sales and distribution – 50%International Trade and Supply Limited 3 British Virgin Islands Associate Sales and distribution 40% –South African operationsCoca-Cola Canners of Southern Africa South Africa Associate Canning of beverages 32% 32%(Pty) Ltd 3Distell Group Ltd 1,8 South Africa Associate Wines and spirits 29% 29%Hotels and GamingTsogo Sun Holdings Ltd 1,12 South Africa Associate Holding company for Hotels andGaming operations1 Listed in country of incorporation.40% 40%2 On 6 March 2012 the group completed its strategic alliance with Anadolu Group and Anadolu Efes Biracılık ve Malt Sanayii AŞ (Anadolu Efes). The group’ssubsidiaries SABMiller RUS LLC and PJSC Miller Brands Ukraine were contributed to Anadolu Efes, in exchange for a 24% equity stake in the enlarged AnadoluEfes group.3 These entities report their financial results for each 12 month period ending 31 December.4 SABMiller shares joint control of MillerCoors with Molson Coors Brewing Company under a shareholders’ agreement. Voting interests are shared equallybetween SABMiller and Molson Coors, and each of SABMiller and Molson Coors has equal board representation. Under the agreement SABMiller has a 58%economic interest in MillerCoors and Molson Coors has a 42% economic interest.5 Effective 18 March 2004 SABMiller acquired 25% of the Castel group’s holding in these entities. Together with its 20% interest in the Castel group’s Africanbeverage interests, this gives SABMiller participation on a 40:60 basis with the Castel group.6 Interests in these companies are held by SABMiller Africa BV which is held 62% by SABMiller Holdings Ltd.7 On 1 January 2012 the group acquired a 27.5% interest in BIH Brasseries Internationales Holding (Angola) Ltd (BIH Angola) in exchange for contributing itsAngolan businesses into BIH Angola. Castel acquired the remaining 72.5% in BIH Angola, having contributed its Angolan businesses into BIH Angola.8 These entities report their financial results for each 12 month period ending 30 June.9 Disposed on 25 November 2011.10 SABMiller acquired a 25% direct interest in this holding company on 18 March 2004 which has controlling interests in three breweries, a malting plant and a wetdepot in Morocco. This 25% interest together with its 20% interest in the Castel group’s African beverage interests, gives SABMiller an effective participation of40% and the other 60% is held by the Castel group’s Africa beverage interests.11 Pacific Beverages Pty Ltd became a subsidiary on 13 January 2012.12 Previously Gold Reef Resorts Ltd.The principal country in which each of the above associated undertakings operates is the same as the country in which each is incorporated.However, Société des Brasseries et Glacières Internationales, BIH Brasseries Internationales Holding Ltd’s (Castel) and BIH BrasseriesInternationales Holding (Angola) Ltd’s principal subsidiaries are in Africa, China Resources Snow Breweries Ltd’s principal subsidiaries are inthe People’s Republic of China and International Trade and Supply Limited operates in the United Arab Emirates.