RNS Number : 4488D
SABMiller PLC
15 September 2008
SABMiller plc
Announcement re Molson Coors Brewing Company Financial Disclosures
Molson Coors Brewing Company (Molson Coors) has filed with the Securities and Exchange
Commission (the SEC) a Form 8-K/A (Amendment No.1) (the 8-K/A) in relation to the completion of the MillerCoors LLC (MillerCoors) joint
venture with SABMiller plc (SABMiller). The 8-K/A
contains:
* audited financial statements of Miller Brewing Company (Miller) for the year ended
31 March 2008 expressed in accordance with US
GAAP;
* unaudited pro forma combined financial information and explanatory notes reflecting
the effect of the MillerCoors joint venture
transaction on:
* Molson Coors' historical financial position as at 30 March 2008, expressed in
accordance with US GAAP; and
* Molson Coors' historical results of operations for the 13 weeks ended 30 March 2008
and for the 52 weeks ended 30 December 2007,
expressed in accordance with US GAAP.
Investors should note that there are a number of differences relating to the treatment of
transactions and balances for US GAAP purposes
as reported by Molson Coors in this filing compared to the treatment adopted by SABMiller
under IFRS.
Investors should also note that the pro forma combined financial information is for
illustrative purposes only, is derived from
management accounts, has not been audited and relates to the impact of the joint venture on
Molson Coors' historical financial results and
position. The pro forma combined financial statements are not necessarily indicative of the
combined results of operations or financial
condition had the joint venture transaction between Miller and Coors Brewing Company (CBC)
actually occurred as of these dates, are not
intended to demonstrate the impact of the combination of the businesses on operational
performance and do not purport to be indicative of
the future financial position or operating results.
John Davidson
General Counsel & Group Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
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